March 17 Business Tax Deadline, IRS Tax Attorney (Naperville IL)
Don’t Forget to File or Extend Your March 17 Business Tax Deadline!
The March 17, 2025, deadline is approaching fast, and it’s important to submit your business tax return on time to avoid IRS penalties and interest.
How to File an IRS Extension for Business Taxes
It is okay to request an automatic 6-month extension for filing your business tax return. By timely filing a Form 7004, your business gets an extension to file, until October 15, 2025. However, an extension to file is NOT an extension to pay. If you owe taxes, you should make estimated payments to avoid penalties and interest. Or at least set up a payment agreement.
👉 Need help? Contact a tax lawyer today to discuss your tax extension options! Have a 30-minute conversation with a tax lawyer to clear things up.
RELATED: The IRS penalties do add up, so try to avoid them. Look at this success story of penalty relief.
Important 2025 U.S. Tax Deadlines for Business Owners:
Business owners should mark these important tax dates on their 2025 tax calendar:
Businesses:
-
March 17, 2025: Deadline for calendar-year partnerships and S corporations to file their 2024 tax returns or request an automatic extension on Form 7004.
-
April 15, 2025: Due date for C-corporations with a calendar year-end (December 31, 2024).
-
October 15, 2025: Extended due date if the corporation filed Form 7004 (Automatic Extension Request) by April 15.
Employers:
-
January 31, 2025: Deadline to provide employees with Form W-2 for 2024.
-
January 31, 2025: Deadline to file Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, for 2024.
-
April 30, 2025: Deadline to file Form 941, Quarter 1 (Jan – Mar 2025)
-
July 31, 2025: Deadline to file Form 941, Quarter 2 (Apr-Jun 2025)
-
October 31, 2025: Deadline to file Form 941, Quarter 3 (Jul – Sep 2025)
-
January 31, 2026: Deadline to file Form 941, Quarter 4 (Oct-Dec 2025)
Individuals:
-
January 15, 2025: Deadline for the fourth estimated tax payment for the 2024 tax year.
-
April 15, 2025: Tax Day. Deadline to file your 2024 federal income tax return or request an extension. It’s also the last day to make contributions to your IRA or HSA for the 2024 tax year.
-
June 16, 2025: The second estimated tax payment for the 2025 tax year is due.
-
September 15, 2025: The third estimated tax payment for the 2025 tax year is due.
-
October 15, 2025: Deadline to file your 2024 federal income tax return if you requested an extension.
Estimated Tax Payments for Individuals in 2025:
-
April 15, 2025: First quarter payment.
-
June 16, 2025: Second quarter payment.
-
September 15, 2025: Third quarter payment.
-
January 15, 2026: Fourth quarter payment.
👉 If you’re a small business owner, or even a freelance gig-worker, and are unsure of your tax deadline, contact us for a quick consultation.
Remember, if a due date falls on a weekend or legal holiday, the deadline is typically extended to the next business day. Additionally, taxpayers in federally declared disaster areas may have extended deadlines. For the most current information, refer to the IRS’s official publications and announcements.
What Happens if You Miss the March 17 Business Tax Deadline?
If you miss the March 17 tax deadline and don’t file for an extension, your business may face late-filing penalties:
-
Late-filing penalty: 5% of the unpaid tax per month, up to 25%.
-
Late-payment penalty: 0.5% per month on any unpaid taxes.
-
Interest charges: Accrue daily on unpaid taxes from the due date.
Solution: File Form 7004 to extend your deadline, or work with a tax lawyer to settle your past-due taxes.
📞 Call 312-212-1000 or visit StopIRSProblem.com!
FAQ: Business Tax Extensions & Deadlines
Q: When is the 2025 IRS extended tax deadline?
A: If you file Form 7004 before March 17, 2025, your automatically extended deadline is October 15, 2025.
Q: Can I file my business taxes late?
A: Yes, but you will face penalties and interest if you don’t request an extension (Form 7004). However, if you don’t file, the IRS can penalize you as a “serial non-filer” and even prosecute you for willful failure to file and pay your taxes. This short video provides some guidance about willful failure to file.
Q: How to get an extension for IRS business taxes?
A: File Form 7004 by March 17, 2025, to extend your deadline to October 15, 2025.
Q: Do I have to pay taxes if I file an extension?
A: Yes. An extension to file is NOT an extension to pay. An easier way to manage payment is to estimate your tax liability ahead of time and pay quarterly to avoid penalties.
Q: What happens if I don’t pay my business taxes?
A: The IRS will charge penalties and interest. If the balance is not paid or fully resolved, the IRS (or the State) will begin collection enforcement (like liens, levies, asset seizures, etc.). See this video to understand the IRS’s 10-year rule to collect.
Q: What IRS penalties are added for late payment and late filing?
A: The standard IRS additions for late-filing and payment include:
-
Late-filing penalty: 5% of the unpaid tax per month, up to 25%.
-
Late-payment penalty: 0.5% per month on any unpaid taxes.
-
Interest charges: Accrue daily on unpaid taxes from the due date.
Q: If I file late, can I still get a refund?
A: Late filing usually does not impact your refunds. However, if you or your business files more than 3 years late, those refunds will no longer be available. This video explains more about refunds.