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.
Upcoming Palo Alto deadlines in 2024
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C Corp Form 1120 Tax Return final due date for Palo Alto startups if extension was filed.
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Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
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 : Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
- 31 Jan : Send 1095-B and 1095-C forms to employees.
- 31 Jan : Palo Alto startups should send 1099s to contractors. Send W2s to employees and e-file 1099-MISC for non-employee compensation with the IRS. Or file Form 8809 for a 30-day extension to file W2s and 1099-MISC for non-employee compensation.
- 31 Jan : Claim Research & Development Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940. Use our handy calculator to estimate your possible research and development tax credit.
- 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.
- 1 Mar : IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.
- 1 Mar : Delaware Annual Franchise Report filing deadline. Your Palo Alto startup will pay a minimum of $400, which increases if you have significant funding.
- 1 Apr : 571-L Business Property Tax filing due for County of Santa Clara. Initial deadline.
- 1 Apr : IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (e-file).
- 15 Apr : Deadline to file California Corporation Franchise or Income Tax Return (Form 100). Minimum amount due is $800.
- 15 Apr : Due date for Palo Alto startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).
- 15 Apr : 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.
- 15 Apr : Federal Quarterly Estimated Tax 1st installment (first quarter 2024).
- 15 Apr : 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 : Palo Alto startups can claim Research & Development Tax Credits on Form 941.
- 7 May : 571-L Business Property Tax filing due. Final date to avoid 10% penalty.
- 1 Jun : Annual City of Palo Alto Business Registry filing due. Pay $54.
- 1 Jun : Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
- 15 Jun : Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
- 31 Jul : Claim Research & Development Tax Credits on Form 941 .
- 1 Sep : Delaware Quarterly Estimated Franchise Tax. Pay 20% of your estimated annual amount (if annual amount expected to exceed $5,000).
- 15 Sep : Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
- 15 Oct : C Corp Form 1120 Tax Return final due date for Palo Alto startups if extension was filed.
- 31 Oct : Claim your Research & Development Tax Credits on Form 941.
- 1 Dec : Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
- Rolling: California Statement of Information due. Pay $25.
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Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
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Palo Alto startups should send 1099s to contractors. Send W2s to employees and e-file 1099-MISC for non-employee compensation with the IRS. Or file Form 8809 for a 30-day extension to file W2s and 1099-MISC for non-employee compensation.
-
Claim Research & Development Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940. Use our handy calculator to estimate your possible research and development tax credit.
-
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.
-
571-L Business Property Tax filing due for County of Santa Clara. Initial deadline.
-
Deadline to file California Corporation Franchise or Income Tax Return (Form 100). Minimum amount due is $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.
-
Palo Alto startups can claim Research & Development Tax Credits on Form 941.
-
571-L Business Property Tax filing due. Final date to avoid 10% penalty.
-
Annual City of Palo Alto Business Registry filing due. Pay $54.
-
Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
-
Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
-
Claim Research & Development Tax Credits on Form 941 .
-
Delaware Quarterly Estimated Franchise Tax. Pay 20% of your estimated annual amount (if annual amount expected to exceed $5,000).
-
Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
-
C Corp Form 1120 Tax Return final due date for Palo Alto startups if extension was filed.
-
Claim your Research & Development Tax Credits on Form 941.
-
Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
California Statement of Information due. Pay $25.
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:
- State of California Franchise Tax Board
- State of California Employment Development Department
- County of Santa Clara
- City of Palo Alto Administrative Services
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.
- JAN 31: Send 1099s to contractors and W2s to employees. 1099-MISC for nonemployee compensation must also be e-filed with the IRS.
- JAN 31: File Form 8809 for a 30-day extension to file W2s and 1099-MISC for nonemployee compensation.
- 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 paper filings are due on this date (due March 31 if e-filing). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing deadline: Pay a minimum of $400, and more if you have significant funding. Use the Kruze Delaware Franchise Tax calculator to estimate how much you owe, but work with your CPA to get the exact amount.
- MAR 2: IRS 30-day automatic extension: Provide Form 1095-B and Form 1095-C to employees.
- MAR 31: Annual City of Palo Alto Business Registry filing due. Pay $54.
- MAR 31: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
- MAR 31: 1099s and W2s must be e-filed with the IRS by this deadline.
- APR 1: 571-L Business Property Tax filing due. Initial deadline.
- APR 18*: C Corp Form 1120 Tax Return deadline. Can extend 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 18*: CA Franchise Tax due. Pay $800.
- APR 30: Claim Research & Development Tax Credits on Form 941.
- MAY 7: 571-L Business Property Tax filing due. Final date to avoid 10% penalty.
- 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 second installment.
- JULY 31*: Claim R&D Tax Credits on 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 third installment.
- OCT 16*: C Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 31*: 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 Tax fourth installment.
- ROLLING: CA Statement of Information due. Pay $25.
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.
