Knowing when your business taxes are due can be stressful. It’s important to submit your information by each deadline to stay compliant with the IRS. As we approach tax season, you’ll want to pay attention to the following dates and mark them on your calendar:
January 15, 2020
If you made 2019 estimated tax payments, your payment for the 4th quarter of 2019 is due on January 15th.
January 31, 2020
February 29, 2020
File information returns with the IRS on the 29th. These should report on 1099s issued for 2019. Use a 1096 form to file this information.
March 15, 2020
April 1, 2020
If you choose to file 1099s electronically, you’ll need to submit them by this date. If you do not want to file electronically, file 1099s by Feb 29th.
April 15, 2020
Corporate taxes are due. Use form 1120 to file.
Ben Sutton is the founder of Mazuma USA, an accounting firm providing tax, bookkeeping and payroll services to small businesses. Since founding Mazuma, Ben has established himself as an expert in the small business world. He’s still driven by that same desire to provide accounting help to all small businesses – from photographers, bloggers and creatives to lawyers, doctors, and dentists, everyone needs affordable accounting help. Ben is a Certified Public Accountant, and a member of the American Institute of Certified Public Accountants. But Ben considers his greatest achievement and credential to be his happy wife and four children.