Tax Due Dated-2021

Deadlines for 2020 for filing of ANNUAL Tax Returns

Deadlines for annual returns are almost invariably in the spring, with extensions available until the fall:

• Individual income tax returns:April 15 falls on a weekday in 2021, and it's not a holiday this year, so the filing deadline for your 2020 personal tax return is indeed April 15, 2021.
• Estimated tax payments for the 2020 tax year (IRS Form 1040): For 2020, these were due on July 15 and Sept. 15. There normally would have been two additional payments for the first and second quarters on April 15 and June 15, but the IRS pushed them back due to the coronavirus pandemic. The fourth and final estimated payment for the 2020 tax year is due on Jan. 15, 2021.
• Partnership returns/ LLC with 2 or more Members(IRS Form 1065): These are due March 15, 2021. The extended deadline is Sept. 15, 2021.
• S-corporation returns (IRS Form 1120-S):These returns are due March 15, 2021, for corporations operating on a calendar year. The extended deadline is Sept. 15, 2021. The deadline for S-corp and partnership returns is the 15th day of the fourth month following the end of the fiscal year, if they're on a fiscal year rather than a calendar year.
• C-corporation income tax returns (IRS Form 1120): These are due April 15, 2021, for C-corporations that operate on a calendar year. The extended deadline is Oct. 15, 2021. The deadline for C corp returns is the 15th day of the fourth month following the end of the corporation's fiscal year if the corporation operates on a fiscal, rather than a calendar, year (Ref 2).

The IRS had not yet announced 2021 filing dates for estates, trusts, gift tax returns, exempt organizations, foreign partnerships, and nonresident aliens as of October 2020.

Deadlines Organized by Date for 2021.

Here are important dates in chronological order, if you prefer to just flip through and mark them on your calendar. They include some additional to-do-by dates that might apply to you:

Jan. 11, 2021

Deadline for employees who earned more than $20 in tip income in December 2020 to report this income to their employers on Form 4070

Jan. 15, 2021

Deadline to pay the fourth-quarter estimated tax payment for tax year 2020

Feb. 1, 2021

Deadline for employers to mail out W-2 Forms to their employees and for businesses to furnish 1099 Forms reporting non-employee compensation, bank interest, dividends, and distributions from a retirement plan

Feb. 1, 2021

Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, if the sender is reporting payments in boxes 8 or 14

Feb. 1, 2021

Deadline for catching up on unpaid fourth-quarter estimated taxes without additional penalties by filing 2020 tax returns

Feb. 10, 2021

Deadline for employees who earned more than $20 in tip income in January 2021 to report this income to their employers

March 1, 2021

Deadline for businesses to mail Forms 1099 and 1096 to the IRS

March 2, 2021

Deadline for farmers and fishermen to file individual income tax returns

March 10, 2021

Deadline for employees who earned more than $20 in tip income in February 2021 to report this income to their employers

March 15, 2021

Deadline for corporate tax returns:

For S Corporation form 1120S, for the tax year 2020 or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year.

For Partnerhsip / LLC with 2 or more Members-Form 1065,for the tax year 2020 or to request an automatic six-month extension of time to file (Form 7004) March 31, 2021: Deadline for businesses to e-file Forms 1099 and 1096 to the IRS, except Form 1099-NEC

April 12, 2021

Deadline for employees who earned more than $20 in tip income in March 2021 to report this income to their employers

April 15, 2021:

Deadline to file individual tax returns (Form 1040) for the tax year 2020 or to request an automatic extension (Form 4868) for an extra six months to file your return, and for payment of any tax due

For C Corporation form 1120, for the tax year 2020 or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year.

April 15, 2021

Deadline for household employers who paid $2,200 or more in wages in 2020 to file Schedule H for Form 1040

April 15, 2021

Deadline for first-quarter estimated tax payments for the 2021 tax year

May 10, 2021

Deadline for employees who earned more than $20 in tip income in April 2021 to report this income to their employers

June 10, 2021

Deadline for employees who earned more than $20 in tip income in May 2021 to report this income to their employers

June 15, 2021

Deadline for second-quarter estimated tax payments for the 2021 tax year

June 15, 2021

Deadline for U.S. citizens living abroad to file individual tax returns or file Form 4868 for an automatic four-month extension

July 12, 2021

Deadline for employees who earned more than $20 in tip income in June 2021 to report this income to their employers

Aug. 10, 2021

Deadline for employees who earned more than $20 in tip income in July 2021 to report this income to their employers

Sept. 10, 2021

Deadline for employees who earned more than $20 in tip income in August 2021 to report this income to their employers

Sept. 15, 2021

Deadline for third-quarter estimated tax payments for the 2021 tax year

Sept. 15, 2021

Final deadline to file corporate tax returns for tax year 2020, if an extension was requested (Forms 1120, 1120-A, 1120-S)

Oct. 12, 2021

Deadline for employees who earned more than $20 in tip income in September 2021 to report this income to their employers

Oct. 15, 2021

Final extended deadline to file individual tax returns for the year 2020 (Form 1040)

Oct. 15, 2021

Deadline for taxpayers who earned $69,000 or less in adjusted gross income (AGI) for tax year 2020 to use Free File to prepare and file their returns

Nov. 10, 2021

Deadline for employees who earned more than $20 in tip income in October 2021 to report this income to their employers

Dec. 10, 2021

Deadline for employees who earned more than $20 in tip income in November 2021 to report this income to their employers

What if you miss a date?

You'll probably be hit with a financial penalty, if only an extra interest charge, if you don't submit a return and any payment due by its appropriate deadline. The late filing penalty for a 1040 return is 5% of the tax due per month as of 2020, up to a cap of 25% overall, with additional fees piling up after 60 days.2 The IRS says you should file your return as soon as possible if you miss a deadline. If you owe taxes, pay them as soon as you can as well.