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Tax Deadlines

Mark your calendars! While most know about Tax Day – April 15, there are several tax deadlines throughout the year, depending on your accounting situation. Deadlines can creep up on you, and paying an avoidable fine is frustrating.

Here is a list of the major tax deadlines you need to be aware of in 2020:

JANUARY 31
Form W-2 & certain 1099-Misc (electronic or mail)

MARCH 16
Form 1065 – Partnerships
Form 1120-S – S Corporations

APRIL 15
1040 – Individuals
FinCEN 114 – FBAR (will be allowed to extend)
Form 1041 – Trusts and Estates
Form 1120 – C Corporations

MAY 15
Form 990 series – Tax Exempt Organizations

JULY 31
Form 5500 series – Employee Benefit Plan

SEPTEMBER 15
Form 1065 Extended Return
Form 1120-S Extended Return

SEPTEMBER 30
Form 1041 Extended Return

OCTOBER 15
Form 1120 Extended Return
Form 1040 Extended Return
FinCEN 114 (Extended with Form 1040)
Form 5500 series – Employee Benefit Plan Extended Return

NOVEMBER 1
End of year tax planning will help your business grow and reduce your taxable liability. If you have not done so already, the beginning of November is the time to plan with your CPA and take action.

NOVEMBER 16
Form 990 series – Tax Exempt Organization Extended Return

FISCAL YEAR FILERS

  • Partnership and S Corporation tax returns will be due the 15th day of the third month after the end of their fiscal tax year.
  • C Corporation tax returns will be due the 15th day of the fourth month after the end of their fiscal tax year.
  • Employee Benefit Plan tax returns are due the last day of the seventh month after the plan year ends.

Create a strategy. Gain value beyond the next tax return.