2023 Tax Deadlines For Dallas Startups

• JAN 31: Send 1099s to contractors. Send W2s to employees. 1099-MISC for nonemployee compensation must also be e-filed to IRS on this date. File Form 8809 for a 30-day extension to file W2s.
• JAN 31: Send 1095-B and 1095-C forms to employees.
• JAN 31: Claim R&D Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940.
• MAR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due March 31 if eFiling). File  Form 8809 for a 30-day extension.
• MAR 1: Delaware Annual Franchise Report filing deadline: Pay a minimum of $400, which increases if you have significant funding.
• MAR 2: IRS 30-day automatic extension: provide Form 1095-B and Form 1095-C to employees.
• MAR 31: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (e-file).
• MAR 31: 1099s and W2s must be e-filed with the IRS by this due date.
• APR 1: PT-50P Tangible Personal Property Tax Return filed with county tax commissioner.
• APR 18: C Corp Form 1120 Tax Return due. Can extend the deadline to October 16*.
• APR 18: File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 16*.
• APR 18: Federal Quarterly Estimated Tax first installment.
• APR 30: Claim R&D Tax Credits on Form 941.
• MAY 15: TX Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 due. (May be extended to January 31*).
• MAY 15: Travis Central Appraisal District Business Personal Property Rendition final due date.
• 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 Tax second installment.
• JULY 31: 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).
• OCT 16: C Corp Form 1120 Tax Return final due date if extension was filed.
• SEP 15: Federal Quarterly Estimated Tax third installment
• OCT 31: Claim your R&D Tax Credits on Form 941.
• OCT 16: TX Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 final due date if extension was filed.
• 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 fourth installment

*Note: The federal tax deadline in 2023 falls on April 18, rather than April 15, which is a Saturday. Normally, when the tax deadline is on weekend or holiday, the deadline is moved to the next business day. However, Monday, April 17, is Emancipation Day, a holiday recognized in the District of Columbia, where the Internal Revenue Service is headquartered. The federal extension deadline for 2023  is October 16, since October 15 falls on a Sunday. Most states usually follow the same calendar for state income tax returns.

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

DALLAS, STARTUPS AND TAXES

In 2021, more than $2 billion was invested in startups in North Texas, according to the Dallas Entrepreneur Center. That amount was distributed across 90 funding rounds for early-stage companies. As part of the “Texas Triangle” including San Antonio and Houston, the region is projected to grow by 65% over the next 40 years, with a low cost of living and a highly educated workforce.

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

• Texas Comptroller of Public Accounts 
• Dallas County Tax Office 
• City of Dallas

For Dallas-based businesses, the critical tax deadlines in 2023 include the April 18th state and federal tax return deadlines (which can be extended until Oct 16th) and the various federal and state filings listed in the calendar above.