(Updated) 2020 Tax Deadlines for Small Businesses

Keep this chart handy or copy the relevant parts of it into your calendar so you won’t miss a due date throughout the year.

W-2 Filing

(Wage and Tax Statement for Full- and Part-Time Employees)

January 31

Form 1096 Filing

(Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors)

February 29

Form 1099-MISC Filing

(Statement of Payments Made to Independent Contractors)

January 31 Copy A paper or electronic submission to the IRS if box 7 is filled in

January 31 Copy B to the contractor

February 28 Copy A paper submission to the IRS if box 7 is empty

March 31 Copy A electronic submission to the IRS if box 7 is empty

S Corporation Tax Filing

(for a calendar tax year)

March 16 Submit Form 1120S Income Tax Return

March 16 File for an extension

Partnership Tax Filing

(for a calendar tax year)

March 16 Submit Form 1065 Income Tax Return

March 16 File for an extension

C Corporation Tax Filing

(for a calendar tax year)

July 15 Submit Form 1120 Income Tax Return

July 15 File Form 7004 Application for an Automatic Extension of Time

LLC Filing as Corporation Tax Filing

(for a calendar tax year)

July 15 Submit Form 1120 Income Tax Return

July 15 File Form 7004 Application for an Automatic Extension of Time

Individual Tax Filing

(Sole Proprietor, Independent Contractor)

July 15 Submit Form 1040, 1040A or 1040EZ Income Tax Return

July 15 File for an extension

Nonprofit Tax Filing

July 15 Submit Form 990

July 15 File for an extension

Estimated Quarterly Tax Payments

Q4 2019 (January 15) Send final 2019 payment with Form 1040-ES Payment Voucher 4

Q1 2020 Extended Deadline (July 15) for first 2020 payment with Form 1040-ES Payment Voucher 1

Q2 2020 Extended Deadline (July 15) for  second 2020 payment with Form 1040-ES Payment Voucher 2

Q3 2020 Regular Deadline (September 15) third 2020 payment with Form 1040-ES Payment Voucher 3

 

Some types of businesses may have different or additional deadlines and requirements. Consult with your accountant or tax advisor early in the year to make sure you meet your obligations.

 

 

This post is intended to be used for informational purposes only and does not constitute as legal, business, or tax advice. Please consult your attorney, business advisor, or tax advisor with respect to matters referenced in our content. Xendoo assumes no liability for any actions taken in reliance upon the information contained herein.

 

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