Accounting Tax Preparation
DUE DATES
Be aware that, in response to the novel coronavirus (COVID-19) pandemic, the U.S. Treasury and IRS have already postponed several due dates, and they may postpone more. Due to the ongoing changes, many 2020 due dates aren't included here.
Individual Tax Return
File a 2019 income tax return (Form 1040, 1040A, 1040EZ, or 709) and pay any tax due. (Postponed from April 15.)
Individual Estimates
July 15th, 2020
September 15th, 2020
January 15th, 2020
If you are not paying your 2020 income tax through withholding (or will not pay in enough tax during the year that way), pay the first, and second, installment of your 2020 estimated tax. Use Form 1040-ES. (Postponed from April 15.)
Pay the third installment of your 2020 estimated tax. Use Form 1040-ES.
Pay the fourth and final installment of your 2020 estimated tax. Use Form 1040-ES
Trusts & Estates
File a previous calendar year income tax return (Form 1041). Provide each beneficiary with a copy of Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. (Postponed from April 15.)
Corporations
File Form 1120 or 1120-A and pay any tax due. (Postponed from April 15.)
Deposit the first installment of your estimated income tax for 2020. (Postponed from April 15.)
Note: The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some payroll tax relief for employers. Specifically, it allows employers to delay their payment of the employer share (6.2% of wages) of the Social Security payroll tax. These taxpayers can pay the tax over the next two years, with the first half due by December 31, 2021, and the second half due by December 31, 2022. Self-employed individuals receive similar relief under the law.
