Tax Deadlines for Businesses

Updated: May 6

The IRS has announced the 2020 tax deadlines for small businesses. As you begin your business planning, below are the important due dates you need to know for the 2019 calendar year.

January 31, 2020

  • Deadline to send out Form W-2 to employees and to file the documents with the IRS.

  • Deadline to issue 1099s to independent contractors who received payments in 2019.

February 29, 2020

  • Deadline for businesses to file (non-electronic) information returns that report on 1099s issued for 2019. This is done using IRS Form 1096.

March 15, 2020

  • Deadline for S-Corps (using Form 1102-S) and for partnerships (using Form 1065).

  • Contact Karen Collom, CPA, if you need to file a 6-month extension.

  • Please note that your tax liability is still due on March 15th.

April 1, 2020

  • Deadline for filing 1099s electronically.

April 15th, 2020

  • Deadline for corporate tax returns, using Form 1120.

  • Individual Tax Returns Due for Tax Year 2019

  • If you need to file an extension for Tax Year 2019, the Individual Tax Return Extension is due. Filing an extension will push your tax deadline back to October 15, 2020.

  • 1st Quarter 2020 Estimated Tax Payment Due

  • If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, get your Form 1040-ES postmarked by April 15, 2020 tax deadline.

  • Last Day to make a 2019 IRA Contribution

  • The deadline for a contribution to a traditional IRA, deductible or not, and a Roth IRA.

  • If you have a Keogh or SEP and you filed an extension, you can wait until October 15, 2020 to put 2019 money into those accounts.

June 15, 2020

  • 2nd Quarter 2020 Estimated Tax Payment Due

September 15, 2020

  • 3rd Quarter 2020 Estimated Tax Payment Due

October 15, 2020

  • Extended Individual Tax Returns Due

January 15, 2021

  • 4th Quarter 2020 Estimated Tax Payment Due

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