Fang CPAs

🚨 1099 Filing Deadline is Approaching – Don’t Risk IRS Penalties! 🚨

📝 Which 1099 Form Do You Need?

🔹 1099-NEC – Paid $600+ to independent contractors & freelancers? File by Jan 31!
🔹 1099-MISC – Reporting miscellaneous income (rents, prizes, legal fees)? File by Mar 31!
🔹 1099-K – Payments received via third-party platforms? Check if you meet the new $600 threshold!

✅ We Handle It All – Fast & Affordable!
✔️ E-filing & Compliance Guaranteed
✔️ Bulk Discounts for Businesses
✔️ No Stress, Just Easy Tax Filing

⏳ Deadlines Matter! File Now to Stay Compliant! ⏳

📩 DM us or visit www.fangcpas.com to get started today! 🚀

Breaking news: Due date for California state tax returns and payments moved to November 16, 2023. CA tax payers have one more month to file their tax return for 2022!!

Middle Class Tax Refund NOT taxable!

Last week, the Internal Revenue Service (IRS) announced that special payments made in 21 states, including California's Middle Class Tax Refund (MCTR), will not be subject to federal tax.

California taxpayers will not be required to report the Middle Class Tax Refund as payment on their 2022 federal and state tax returns.

MCTR payments were issued by the state of California between October 2022 and January 2023 to help offset the higher costs caused by inflation.

As a reminder, Californians are eligible for a MCTR payment if you:

1. Filed your 2020 tax return by October 15, 2021
2. Meet the California adjusted gross income (CA AGI) limits described in the Tax Refund section
3. Were not eligible to be claimed as a dependent in the 2020 tax year
4. Were a California resident for six months or more of the 2020 tax year
5. Are a California resident on the date the payment is issued

Payments range from $400 to $1,050 for couples filing jointly and $200 to $700 for all other individuals depending on their income and whether they claimed a dependent.

You may also be eligible for free tax preparation services if your household income was less than $60,000 in 2022.

To find out if you're eligible for these services, the California Earned Income Tax Credit (CalEITC), and a similar federal credit, please contact Fang CPAs (949) 444-5828
[email protected]

Businesses - Partnerships (including LLCs), C Corps (Form 1120), and S Corps (Form 1120S)
• January 16, 2023 - 4th Quarter 2022 estimated tax payment due
• January 23, 2023 - 2022 Tax season begins
• January 31, 2023 - Employers send W-2s forms to employees
• January 31, 2023 - Send certain 1099 forms
• March 15, 2023 - Taxes are due for some business types (partnerships, multi-member LLCs, and S-Corporations).
• April 18, 2023 - Taxes for C-Corporations are due.
• September 15, 2023 - Deadline for extended partnership and S-corporation returns
• October 16, 2023 - Deadline for extended C-corporation returns
• January 15, 2024 - Fourth quarter 2023 estimated tax payment due



For more tax question, message us!
(949) 444-5828
[email protected]

Important Tax Deadlines and Dates

Individual Filers - including employees, retirees, self-employed individuals and independent contractors

• January 23, 2023 - 2022 Tax season begins.
• January 31, 2023 - Due date for employers to send W-2 forms.
• January 31, 2023 - Certain 1099 forms are sent. Ex, 1099-NEC,1099-MISC, and 1099-K
• April 3, 2023 - Required minimum distribution due if you turned 72 in 2022.
• April 18, 2023 - Tax day (unless extended).
• April 18, 2023 - Deadline to File Form 4868 and request an extension. April 18, 2023 - Deadline to make IRA and HSA contributions for 2022 tax year.
• April 18, 2023 - First quarter 2023 estimated tax payment due.
• June 15, 2023 - Second quarter 2023 estimated tax payment due.
• September 15, 2023 - Third quarter 2023 estimated tax payment due.
• October 16, 2023 - Deadline to file your extended 2022 tax return.
• December 31, 2023 - Required minimum distributions must be taken for individuals age 73 or older by the end of 2023.
• January 15, 2024 - Fourth quarter 2023 estimated tax payment due.



For more tax question, message us!
(949) 444-5828
[email protected]

It's never too early to get ready for the tax-filing season!
The Tax 2022 filing season is from January 23 to April 18, 2023.
April 18 is the deadline to file and pay your taxes. It is also the deadline to claim a 2019 refund. If you haven’t filed a tax return in 3 years, your IRS refund becomes property of the U.S. Treasury. File your 2019 tax returns now because your last chance to claim your money is April 18, 2023. The IRS has unclaimed income tax refunds worth $1.5 billion that await taxpayers who didn’t file a 2019 federal income tax return.
Message us!
(949) 444-5828
[email protected]

Struggling with Tax? Or struggling with your book as a small business owner? No worry! Fang CPAs can take care of it for you! We do it right at first place!!
Call/Text 949-444-5828 or 949-351-0978




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