2022 Tax Deadlines For Boston Startups

How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool

• JAN 31: Send 1099’ s to Contractors. Send W2’s to Employees. 1099-NEC for nonemployee compensation must also be e-filed to IRS on this date.
• JAN 31: Send 1095-B and 1095-C forms to Employees.
• JAN 31: Claim Research and Development Tax Credits on Prior Year Q4 Form 941, and file annual FUTA return on Form 940.
• FEB 28: W-2 and 1099-MISC, 1099-NEC filings are due on this deadline if paper-filing (due MAR 31 if e-Filing). File Form 8809 for a 30-day extension.
• FEB 28: IRS ACA Compliance 1094-B , 1095-B 1094-C and 1095-C filings are due on this deadline (if paper-filing, due MAR 31 if eFiling). File Form 8809 for a 30-day extension.
• MAR 1: Delaware Annual Franchise Report filing deadline: Pay a min. of $400, +more if you have significant funding.
• MAR 1: Massachusetts State Tax Form 2/Form of List for property tax assessment (billed quarterly).
• MAR 15: Massachusetts Q1 Corporate Estimated Tax Form 355-ES due (40% of estimated tax due).
• APR 15: Massachusetts Corporation Excise Return Form 355 due. Most corporations will pay $456. Can extend to OCT 15. (For 2022 the date is technically April 19th for Massachusetts corporations due to Patriot’s day, but we recommend getting everything finished by the 15th.)
• APR 15: C Corp Form 1120 Tax Return deadline. Can extend to OCT 15 with submission of form 7004.
• APR 15: File the R&D Tax Credit Form 6765with your tax return. Can extend to OCT 15 as mentioned above.
• APR 15:  Federal Quarterly Estimated Tax 1st installment.
• APR 29: Claim R&D Tax Credits on Q1 Form 941.
• JUN 1: Delaware Quarterly Estimated Franchise Tax deadline, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
• JUN 15:  Federal Quarterly Estimated Tax 2nd installment.
• JUN 15: Massachusetts Q2 Corporate Estimated Tax Form 355-ES due (25% of estimated tax due).
• JUL 29: Claim R&D Tax Credits on Q2 Form 941.
• SEP 1: Delaware Quarterly Estimated Franchise Tax deadline, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• SEP 15: Federal Quarterly Estimated Tax 3rd installment.
• SEP 15: Massachusetts Q3 Corporate Estimated Tax Form 355-ES due (25% of estimated tax due).
• OCT 15: Massachusetts Corporation Excise Return Form 355 due if extended.
• OCT 15: C Corp Form 1120 Tax Return final due date if extension was filed.
• OCT 31: Claim your R&D Tax Credits on Q3 Form 941.
• DEC 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• DEC 15:  Federal Quarterly Estimated Tax 4th installment.
• DEC 15: Massachusetts Q4 Corporate Estimated Tax Form 355-ES due (10% of estimated tax due).
• ROLLING: Renew your business license annually (if applicable and your business is required to obtain a MA business license).

If your Delaware C-Corp Boston funded startup needs tax help contact us today!

Boston, Startups and Taxes

Boston offers a strong knowledge-based economy, with an extensive network of highly regarded universities and first-class hospitals. Boston is a center for life sciences, physical, and engineering research and development.

The most important taxing authorities for companies based in Boston are: 

• Massachusetts Department of Revenue 
• Suffolk County Comptroller’s Office 
• City of Boston

In 2022, Boston based companies have several important tax deadlines, including the April 15th federal and Massachusetts tax return filings (which can be extended until October 15th). Additionally, Massachusetts and the federal government have various tax filings due on the dates listed above.

2021 Tax Compliance Deadlines For Boston Startups

2021 tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2022. Always consult your tax professional, and see our disclaimer below.

How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.

• FEB 1: Send 1099’s to Contractors. In general, 1099’s go to any individual, partnership, Limited Liability Company (LLC), Limited Partnership (LP) or estate that your business paid in the prior year, over a certain amount.
• FEB 1: Send W2’s to Employees.
• FEB 1: 1099-MISC for nonemployee compensation should be e-filed to IRS on this date.
• FEB 1: File Form 8809 for a 30-day extension to file W2’s and 1099-NEC for nonemployee compensation.
• FEB 1: Send 1095-B and 1095-C forms to Employees.
• FEB 1: Claim R&D Tax Credits on Form 941, and file annual FUTA return on Form 940. If you are looking to estimate your possible research and development tax credit, use our handy calculator.
• MAR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due MAR 31 if eFiling). File Form 8809 for a 30-day extension.
• MAR 1: Delaware Annual Franchise Report filing deadline: Pay a min. of $400, +more if you have significant funding.
• MAR 1: Massachusetts State Tax Form 2/Form of List for property tax assessment (billed quarterly).
• MAR 2: IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to Employees.
• MAR 15: Massachusetts Q1 Corporate Estimated Tax Form 355-ES due date.
• MAR 31: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
• MAR 31: 1099’s and W2’s must be e-filed with the IRS by this due date.
• APR 15: C Corp Form 1120 Tax Return due. Can extend to OCT 15.
• APR 15: File the R&D Tax Credit Form 6765 with your tax return. Can extend to OCT 15.
• APR 15: Federal Quarterly Estimated Tax1st installment.
• APR 15: Massachusetts 2020 Corporation Excise Return Form 355 due. Can extend to OCT 15.
• APR 30: Claim R&D Tax Credits on Form 941.
• JUN 1: Delaware Quarterly Estimated Franchise Tax, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
• JUN 15: Federal Quarterly Estimated Tax2nd installment.
• JUN 15: Massachusetts Q2 Corporate Estimated Tax Form 355-ES due.
• AUG 2: Claim R&D Tax Credits on Form 941.
• SEP 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• SEP 15: Federal Quarterly Estimated Tax3rd installment.
• SEP 15: Massachusetts Q3 Corporate Estimated Tax Form 355-ES due.
• OCT 15: C Corp Form 1120 Tax Return final due date if extension was filed.
• OCT 15: Massachusetts 2020 Corporation Excise Return Form 355 due if extended.
• NOV 1: Claim your R&D Tax Credits on Form 941.
• DEC 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• DEC 15: Federal Quarterly Estimated Tax4th installment.
• DEC 15: Massachusetts Q4 Corporate Estimated Tax Form 355-ES due date.
• ROLLING: Boston Business Certificate renew every four years.

If your Delaware C-Corp Boston funded startup needs tax help contact us today!