Due dates for self-employed individuals to file their taxes:
- relating mostly to a tax shelter investment, your tax reporting return must be filed by April 30;
- other than those relating mostly to a tax shelter investment, your tax reporting return must be filed by June 15.
If there is a balance due for the reporting tax year, it must be paid by April 30.
Failure to file by this date will result in a minimum 5% late filing tax penalty for taxes owed plus 1% of the balance owing for each full month that the return is late, to a maximum of 12 month, which may increase if you have a history of late filings.
“Please note that the information provided in this article is of a general nature and may not be accurate for your specific situation. The information is current as of the date of posting and is not intended to provide legal advice. It's always recommended that you consult with a professional accountant and lawyer for personalized guidance and advice."