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
Send out W-2 forms to your employees and to the IRS. If you have independent contractors, you’ll want to send out 1099s to your contractors as well.
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
S-Corps (using form 1102-S) and partnerships (using form 1065) will need to file their taxes by this date or else file for an extension.
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.
