2024 Tax Deadlines For Palo Alto Startups

Palo Alto startups have tax deadlines beyond the traditional April 15th state and federal tax due dates, including the March 31 annual business registry filing and 571-L business property tax deadlines.

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Upcoming Palo Alto deadlines in 2024

2 tax events

5 tax events

  • California Franchise Tax due. Pay $800.

  • Due date for Palo Alto startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).

  • File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 15. We strongly recommend working with a qualified CPA to prepare this form in conjunction with your Form 1120 if you are a high-growth startup – if your company is going to be acquired by a major technology company, that company’s CFO will use a strong tax team to do due diligence on this.

  • Federal Quarterly Estimated Tax 1st installment (first quarter 2024).

  • C Corp Form 1120 Tax Return due. The Federal Form 1120 is the U.S. Corporation Income Tax Return, which the IRS has companies use to report their income, losses, credits, etc., and to figure the income tax liability of the corporation. Can extend the deadline to Oct. 15. All Palo Alto startups are required to file this Federal form by this deadline unless they file an extension.

1 tax event

Total 26 Tax events for Palo Alto in 2024

Click The Links To Learn More About These Filings And 2024 Palo Alto Startup Tax Deadlines

15
Jan
31
Jan
28
Feb
  • For Palo Alto startups, IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (if paper-filing, due April 1 if eFiling). File Form 8809 for a 30-day extension.

01
Mar
  • IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.


  • Delaware Annual Franchise Report filing deadline. Your Palo Alto startup will pay a minimum of $400, which increases if you have significant funding.

01
Apr
15
Apr
  • California Franchise Tax due. Pay $800.


  • Due date for Palo Alto startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).


  • File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 15. We strongly recommend working with a qualified CPA to prepare this form in conjunction with your Form 1120 if you are a high-growth startup – if your company is going to be acquired by a major technology company, that company’s CFO will use a strong tax team to do due diligence on this.


  • Federal Quarterly Estimated Tax 1st installment (first quarter 2024).


  • C Corp Form 1120 Tax Return due. The Federal Form 1120 is the U.S. Corporation Income Tax Return, which the IRS has companies use to report their income, losses, credits, etc., and to figure the income tax liability of the corporation. Can extend the deadline to Oct. 15. All Palo Alto startups are required to file this Federal form by this deadline unless they file an extension.

30
Apr
07
May
01
Jun
15
Jun
01
Sep
15
Sep
15
Oct
01
Dec
Rolling

Note: The deadline for federal tax returns and payments in 2024 is April 15. The federal extension deadline for 2024  is October 15. Most states usually follow the same calendar for state income tax returns, but you can check with your state’s Department of Revenue for the most up-to-date information.

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

If you are a Delaware C-Corp Palo Alto funded startup that needs tax help, contact us today!

PALO ALTO, STARTUPS AND TAXES

As the heart of Silicon Valley, Palo Alto has an international reputation as a technology hub. This deep pool of talent, and an extensive business, academic, and venture capital network, make Palo Alto a highly attractive location to launch a startup. It’s home to major tech companies like Google, Facebook, and Tesla. 

The most important taxing authorities for companies in Palo Alto are: 

Palo Alto startups have tax deadlines beyond the traditional April 15th state and federal tax due dates, including the annual business registry filing and 571-L business property tax deadlines. See all the dates in the calendar above.


Last Year's Tax Deadlines For Palo Alto Startups

2023 startup tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2024 or beyond. Always consult your tax professional, and see our disclaimer below.


View tax compliance dates for Atlanta, Austin, Boston, Chicago, Dallas, Miami, Mountain View, New York City, Palo Alto, Salt Lake City, San Francisco, San Jose, Santa Monica, Seattle, and Washington DC

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

How much can your startup save in payroll taxes? Estimate your R&D tax credit using our free calculator.

Every startup is different and so are its tax compliance needs. This is only a guideline. Please consult your tax professional. IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer. Copyright © Kruze Consulting

Check our 2024 Tax Deadlines For C-Corp Startups or Click for your customized tax compliance calendar by startup hub

2023 
Startup Tax Compliance Calendar

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