In this final podcast episode of 2024, Chris and John explore the "Taxpayer Timeline," equipping listeners with vital insights into the tax calendar year. They unravel the complexities of tax deadlines, clarifying essential dates for individuals and small business owners. As the year draws to a close, they ensure you're poised to enter 2025 with enhanced tax savvy. Sponsored by The Mortgage Shop, the episode extends gratitude to dedicated listeners and their community.

Navigating the tax timeline can be daunting, but this episode breaks down crucial dates like S Corporation and partnership deadlines on March 15, personal tax obligations on April 15, and estimated tax payments throughout the year. With expert insights, Chris demystifies the quarterly tax schedule, reducing the risk of missed deadlines and penalties. Their engaging discussion helps streamline tax planning, ensuring you never overlook important obligations.

Key Takeaways:

The episode provides an in-depth walkthrough of the 2024 taxpayer timeline, highlighting pivotal tax dates for individuals and small business owners.
Essential deadlines covered include S Corp and partnership returns due on March 15, personal tax filing on April 15, and quarterly estimated tax payments.
The importance of adhering to IRS deadlines to avoid penalties, particularly for taxpayers with business interests, is a focal point.
Listeners receive practical tips on organizing tax responsibilities with the help of technology like calendar reminders.
The podcast pitches a service for finding tax professionals, showcasing the value of the Teaching Tax Flow community.

Notable Quotes:

"There's so many dates going on in the tax preparation or tax world." – Chris Picciurro
"Your fourth quarter federal estimated tax payment from the year before is due on January 15th." – Chris Picciurro

Resources:

IRS website for tax payments: IRS.gov
Teaching Tax Flow community tax prep: www.2025.tax

Episode Sponsor:
The Mortgage Shop

(00:01) - Reflecting on 2024 and Exploring the Taxpayer Timeline
(02:32) - Key Tax Dates and Their Importance for Taxpayers
(06:46) - Key Tax Deadlines and Extensions for Individuals and Businesses
(15:01) - New Year Tax Planning and Service Announcement
(17:27) - Educational Content and Investment Advice Disclaimer

Ep. 116 | Taxpayer Timeline Explained

Teaching Tax Flow: The Podcast