Important Tax Deadlines for 2020 (Business and Individual)

Deadline

2019 Tax filing season officially starts on January 27th.  Below are some important tax deadlines to keep in mind. This list does not include all tax related deadlines but it includes most important deadlines that impact most individual and business taxpayers. For list of all tax deadlines, refer to Publication 509.

Jump to Business Tax Deadlines

Individual Tax Deadlines

January 15, 2020

4th quarter estimated tax payments

This is the final installment date of 2019 estimated tax payments.

Usually, individuals with self-employment income or business or other income for which income tax was not withhold would be required to make the estimated tax payments. This payment not required if you file your tax return and make the payment by January 31, 2020.

April 15, 2020

Individual Tax Due

Deadline to file 2019 individual tax return and make the payment.

Individuals can also file for 6-month extension. However, tax amount owed for 2019 should be paid by April 15, 2020 to avoid penalty.

Fist Installment of Estimated Tax Payment

If you aren't withholding 2020 tax, make first installment of estimated tax to avoid penalty.

June 15, 2020

Second Installment of Estimated Tax Payment

If you aren't withholding 2020 tax, make second installment of estimated tax to avoid penalty.

September 15, 2020

Third Installment of Estimated Tax Payment

If you aren't withholding 2020 tax, make second installment of estimated tax to avoid penalty.

October 15, 2020

Individual Tax Return Deadline with Extension

If you filed for 6-month automatic extension by April 15 deadline, if your tax return and make any payments due.

Business Tax Deadlines

January 31, 2020

From W-2 and W-3.

Last day to issue W-2 to employees and also file W-2 and W-3 with the SSA either electronically or by mail.

Provide 1099 and File 1099-MISC(NEC)

Deadline to provide 1099 to recipients.

Deadline to file 1099-MISC for nonemployee compensation paid in 2019.

Form 941 and Form 940

Deadline to file Q4 2019 Form 941 and 2019 Form 940.

Deposit Due Dates

If you are a monthly depositor, payment is due on the 15th of the following month.

If you are a semi-monthly depositor, deposit employment taxes for payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. Deposit taxes for payments made on Saturday, Sunday, Monday, and/or Tuesday by the following Friday.

More information on employment tax due dates can be found on IRS website.

February 28, 2020

File 1099 by Mail

Deadline to file Form 1099 (other than nonemployee compensation) by mail.

Deadline to file Form 1099-MISC nonemployee compensation is January 31, 2020.

March 16, 2020

Partnership and S-Corp 2019 Tax  Return Due

Partnership and S-Corp 2019 tax returns are due.

Provide K-1 to each partner or shareholder for 2019.

File 6-month extension to file partnership and S-corp tax returns.

S-Corp Election

Deadline to file Form 2553 to elect for s-corp treatment for 2020.

March 31, 2020

File 1099 Electronic

Deadline to electronically file Form 1099 (other than nonemployee compensation)

Deadline to file Form 1099-MISC nonemployee compensation is January 31, 2020.

Form 941

Deadline to file Q1 2020 Form 941.

April 15, 2020

Corporation 2019 Tax Return Due

C-Corp 2019 tax return and tax payment are due.

File 6-month extension to file corporation tax returns.

First Installment of Corporation Estimated Tax Payment

Deposit first installment of estimated tax payment for 2020.

June 15, 2020

Second Installment of Corporation Estimated Tax Payment

Deposit second installment of estimated tax payment for 2020.

July 31, 2020

Form 941

Deadline to file Q2 2020 Form 941.

September 15, 2020

Partnership and S-Corp Tax Return Deadline (with Extension)

Deadline to file partnership and S-corp tax return if you timely filed 6-month extension.

Provide each partner or shareholder an amended or final K-1.

Third Installment of Corporation Estimated Tax Payment

Deposit third installment of estimated tax payment for 2020.

October 15, 2020

Corporation Tax Return Deadline (with Extension)

Deadline to file C-corp tax return and make any tax payments if you timely filed 6-month extension.

November 2, 2020

Form 941

Deadline to file Q3 2020 Form 941.

December 15, 2020

Fourth Installment of Corporation Estimated Tax Payment

Deposit fourth installment of estimated tax payment for 2020.