Hi,

We hope this message finds you well. We have important news regarding the 2023 tax filing deadline. As you may know, individuals and households that were affected by the severe storms, landslides and mudslides in Alaska now have an extended deadline, giving you more time to ensure your tax affairs are in order.

The new deadline for 2023 tax returns is now July 15, 2024. This provides you with additional time to address several key tax obligations:

• 2023 Individual tax returns & payments normally due on April 15, 2024
• 2023 calendar-year Partnership and S corporation returns normally due on March 15, 2024.
• –2023 calendar-year C corporation and Fiduciary tax returns & payments normally due on April 15, 2024.
• –2023 calendar-year tax-exempt organization returns normally due on May 15, 2024.
• –2024 quarterly payroll and excise tax returns normally due on Jan. 31, 2024, and April 30, 2024.
• –2024 quarterly estimated taxes that are normally due on Jan 16, 2024, April 15, 2024 and June 17, 2024.

If you fall into one of the following categories, you generally must pay quarterly taxes:

• Freelancers, contractors, and business owners
• Individuals with large bonuses or equity, such as ISO, NSO, or RSU
• Those who owed taxes from the previous years (2022 & 2023) and expect to owe again in 2024.

The IRS mandates adjusting withholdings or paying quarterly taxes in such cases. Penalties may apply for non-compliance.

Just a note on timing: as the filing deadlines approach, our rates and availability may be impacted. To avoid any last-minute rush and ensure you have enough time to prepare, we kindly ask you to reach out to us by the end of the week and we’ll help you navigate your tax responsibilities. This will be our only reminder about this deadline.

If you haven’t filed your 2023 annual return or 2024 quarterly taxes and require our assistance, please simply reply to this email, and we will gladly assist you.

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George Dimov CPA

www.dimovtax.com

(833) 829-1120 toll free