Key Tax Filing Deadlines and Extensions in Arizona
Understanding tax filing deadlines and extensions is crucial for Arizona residents and businesses. Staying informed ensures compliance and helps avoid penalties. Below are the key dates and information relevant to tax filing in the Grand Canyon State.
Individual Income Tax Filing Deadlines
In Arizona, individual income tax returns are typically due on April 15 each year. For the tax year 2023, this means returns must be filed by April 15, 2024. However, if the due date falls on a weekend or holiday, the deadline is extended to the next business day.
Extension for Individual Filers
Arizona allows taxpayers to file for an automatic six-month extension. This means if you file Form 204, you can extend your filing deadline to October 15. It’s important to note that this extension does not apply to tax payments. Any owed taxes should be paid by the original April deadline to avoid interest and penalties.
Corporate Tax Filing Deadlines
For corporations operating in Arizona, the tax filing deadline is also April 15. This applies to C corporations as well as S corporations that choose to file in Arizona. Any corporation with a fiscal year ending on a different date must file on the 15th day of the fourth month following the close of their fiscal year.
Extensions for Corporations
Corporations can also request a six-month extension by submitting an extension request (Form 700). Like individual filers, corporations must pay any estimated taxes owed by the original deadline to avoid incurring penalties and interest.
Estimated Tax Payment Deadlines
For both individual and corporate taxpayers, estimated tax payments are generally due on:
- April 15
- June 15
- September 15
- January 15 of the following year
Ensuring timely estimated payments can help taxpayers avoid underpayment penalties.
Other Important Dates for Taxpayers in Arizona
Aside from the standard filing and payment deadlines, it’s important to keep an eye on certain other key dates:
- January 31: Deadline for employers to provide W-2s to their employees.
- March 15: Deadline for filing partnership returns and S corporation returns.
Conclusion
Staying organized and aware of these key tax filing deadlines and potential extensions will help Arizona taxpayers navigate their tax obligations smoothly. It’s advisable to consult with a tax professional to understand individual circumstances and ensure compliance with both state and federal tax laws.