Make a couple important notes in your calendar! If 2020 has taught us anything its to keep all those records in order. Happy Tax Planning…

January 2021

Jan. 15, 2021: Your quarterly estimated tax payment for Q4 2020 is due on this date.

Jan. 31, 2020: Today your form 1099-MISC is due to the IRS and to your contractors.

February 2021

Feb. 1, 2021: Today your form 1099-NEC (Non-Employee Compensation) is due to your contractors and the IRS.

March 2021

March 16, 2021: If your business is set up as an S-corporation or a partnership, your corporate income tax return is due today. If your business is a partnership the IRS requires you to file form 1065.  If your business is an S-Corp, the IRS requires that you file form 1120-S.

This is also the final day for businesses set up as partnerships or S-corps to request a six-month tax extension. Find out more about requesting a tax filing extension here.

April 2021

April 15, 2021: Income Tax Day. If your business is a sole-proprietorship or LLC, your income taxes are due today. File your Form 1040, 1040-A or 1040-EZ today, and pay any additional taxes you might owe that you didn’t pay in quarterly estimated taxes.

If your business is set up as a C-corporation your income tax is also due today. The IRS requires that you file Form 1120.

Q1 2021 quarterly estimated taxes are also due on April 15.  Today is also the final day to request a six-month tax extension on your time to file your income tax return.

June 2021

June 15, 2021: Today is the deadline to pay Q2 2021 quarterly estimated taxes.

 September 2021

Sept. 15, 2021: Today is the deadline to pay Q3 2021 quarterly estimated taxes.  This is also the income tax filing deadline for partnerships and S-corps that requested a six-month income tax filing extension.

 October 2021

Oct. 15, 2021: This is the last day for everyone who files business sales tax as an individual (sole proprietorships, LLCs, etc.) and C-corps that requested a six-month tax filing extension to file income tax.