2024 Tax Deadline Consequences For Companies

2024 Tax Deadline Consequences For Companies. A company shall be liable to pay minimum alternate tax (mat) at 15% of book profit (plus surcharge and health and education cess as applicable) where the normal tax liability of. File your income tax return by july 31, 2024, to avoid late fees and penalties.

That’s followed by expanding the child tax credit and earned income tax credit, which come with a $1.4 trillion price tag, and extending the enhanced affordable care. The irs starts accepting 2023 returns.