Americans scramble every year to figure out tax deadlines and what day they fall on. If a tax deadline happens to fall on a weekend or holiday, the deadline then becomes the next business day.
No escaping tax deadlines this year as it doesn’t fall on a weekend or holiday.
Tax Filing Deadlines
- Partnership Returns (Form 1065) – March 16, 2020 *if fiscal year end is also year end
- Filing Extension Deadline – September 15, 2020 * if fiscal year end is other than calendar year, the deadline is 15 days of the third
- Estates & Trusts Returns (Form 1041) – April 15, 2020 *if fiscal year end is also year end
- Filing Extension Deadline – September 30, 2020
- C-Corp Returns (Form 1120) – April 15, 2020 *if fiscal year end is also year end
- Filing Extension Deadline – October 15, 2020
- S-Corp Returns (Form 1120-S) – March 15, 2020 *if fiscal year end is also year end
- Filing Extension Deadline – September 15, 2020 *if fiscal year end is other than calendar year, the deadline is 15 days of the third month following the end of the fiscal year
- Individual Returns (Form 1040) – April 15, 2020
- Filing Extension Deadline – October 15, 2020
*Please note if you owe taxes, the payments will remain due on the original deadline.
If you miss any of the above dates, there will be at least a moderate penalty and possibly an interest charge. Most tax payers can e-file until November. There has not been an e-file specific deadline announced yet.
Other Important Deadlines – W2s and 1099s
January 31, 2020 – Deadline for employers to mail out W-2 Forms to their employees and for businesses to furnish 1099 Forms.
February 18, 2020 – Deadline for financial institutions to mail out Form 1099-B relating to sale of stock, bonds, or mutual funds through a brokerage account. Form 1099-S for real estate transactions, and Form 1099-MISC if there are payments in boxes 8 or 14 of the return.
February 28, 2020 – Deadline for businesses to mail Forms 1099 and 1096 to IRS
April 15, 2020 – Deadline to make a contribution to traditional and Roth IRA, Health Savings Account, SEP-IRA, or solo 401(k). First quarter payments are due for the 2019 tax year.
June 15, 2020 – Deadline for second quarter estimated tax payments for 2019 tax year.
September 15, 2020 – Deadline for third quarter payments due for 2019 tax year.
If you need any tax consulting, preparation, or have questions regarding deadlines, do not hesitate to call Mike at 630-461-5841 or email Mike@cogcpa.com.