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
