2021 Tax Deadlines: how to be tax ready all-year long for your small business

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.

February 1, 2021:

W-2 Filing: Wage and tax statement for full- and part-time employees. These are normally due on January 31st, but since this is a Sunday, the deadline will fall the following day. 

1099s: Are issues with independent contractors. You will need to issue them a 1099-NEC. Both Copy A and Copy B are due at the same time.

February 12, 2021:

The IRS will begin accepting 2020 tax returns starting 2/12/21.

March 1, 2021:

Form 1099-MISC if you are paper filing.

S Corporation Tax Filing 

March 15 Submit Form 1120S Income Tax Return

March 15 File for an extension

September 15, 2021 extension tax deadline for S corporations (form 1120-S)

Partnership Tax Filing

March 15 Submit Form 1065 Income Tax Return

March 15 File for an extension

September 15 Extension tax deadline for partnerships (form 1065)

C Corporation Tax Filing

April 15 Submit Form 1120 Income Tax Return

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

October 15, Extension tax deadline for C Corporations (form 1120)

LLC Filing as Corporation Tax Filing

April 15 Submit Form 1120 Income Tax Return

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

Individual Tax Filing

(Sole Proprietor, Independent Contractor)

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

April 15 File for an extension

October 15, Extension tax deadline for sole proprietors and individuals (form 1040)

Estimated Quarterly Tax Payments

Q4 2020 (January 15) Send final 2020 payment with Form 1040-ES Payment Voucher 4

Q1 2021 April 15  for first 2021 payment with Form 1040-ES Payment Voucher 1

Q2 2021 June 15  for  second 2021 payment with Form 1040-ES Payment Voucher 2

Q3 2021 September 15 third 2021 payment with Form 1040-ES Payment Voucher 3

Q4 2021 December 15, 2021, fourth-quarter tax estimate deadline (corporations)

Q4 2021 January 17, 2022, tax estimate deadline (individuals)

 

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. To learn more about being tax ready all year long visit us here 

 

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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