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Every Penny Books Newsletter

Our Guide to 1099s

Whether it’s your first year filing 1099s or you’re a seasoned pro, it’s always a good idea to refresh your knowledge and ensure you’re keeping up with the ever-changing requirements.

SO, WHAT IS A 1099?

  • Your Form 1040, or individual tax return, is due. You can file Form 4868 for an automatic 6-month extension to file your return, but your tax payment is still due on April 15th. Failing to pay your taxes owed by this date can result in penalties and interest.
  • If you’re required to pay estimated taxes, your first quarter 2025 estimated tax payment is due on April 15th.
  • Depending on your state, you may also have state tax payments due.
C Corporations:
  • For calendar-year C corporations, Form 1120 is due along with the payment of any balance due. You can file Form 7004 for an automatic 6-month extension to file your return.
  • If your corporation is required to make estimated tax payments, your first quarter 2025 estimated tax payment is due on April 15th.

Tax Season Survival Guide

Feeling stressed during tax season? You’re not alone.
But a little prep can go a long way in reducing the anxiety this time of year often brings.

This free Tax Season Survival Guide is designed to help you:

  • Get organized early
  • Mark important deadlines
  • Work with a professional (instead of trying to wing it)

My guide walks you through all of this,and more,to help you feel confident and in control.

Note: This guide is a great place to start, but it’s not a replacement for personalized support. Whether you’re preparing your books, filing taxes, or figuring out what to deduct, I’ve got additional services that can help.

The information provided is not intended as financial advice. Please consult your tax professional for guidance specific to your situation.

Get My Free Tax Season Survival Guide