Corporation Returns and Some LLC's Due March 16, 2020

Personal Tax Returns Due April 15, 2020

2020 Tax Deadlines for Filing 2019 Business Returns
Partnership Tax Deadlines:Due Date:
Original tax deadline for partnerships (Form 1065)
March 16, 2020

Extension tax deadline for partnerships (Form 1065)
September 15, 2020

S Corporation Tax Deadlines:Due Date:
Original tax deadline for S Corporations (Form 1120S)
March 16, 2020

Extension tax deadline for S Corporations (Form 1120S)
September 15, 2020

C Corporation Tax Deadlines:Due Date:
Original tax deadline for C Corporations (Form 1120)
April 15, 2020

Extension tax deadline for C Corporations (Form 1120)
October 15, 2020

Sole Proprietor Tax Deadlines:Due Date:
Original tax deadline for sole proprietors and individuals (Form 1040)
April 15, 2020

Extension tax deadline for sole proprietors and individuals (Form 1040)
October 15, 2020

Nonprofit Tax Deadlines:Due Date:
Original tax deadline for exempt organizations (Form 990)
May 15, 2020

Extension tax deadline for exempt organizations (Form 990)
November 16,202

What Flow-Through Entities (S Corps or Partnerships) Need to Do By Their Tax DeadlineEntities—like S Corps and Partnerships—get the name “flow-through” or “pass-through” because they do not pay income tax. As a flow-through, your business’s income and losses get passed on to the partners, owners, and shareholders. So when your flow-through entity files a Form 1065 to the IRS, you must also issue Schedule K-1s to each partner or shareholder for them to report on their individual returns. For this reason, if you plan on electing to extend your tax deadline, be sure and let all partners and shareholders know so they can do the same!

What Individuals and C Corps Need to Do By Their Tax DeadlineAs an individual (including sole proprietors) or corporation, your taxes are due on the fifteenth day of the fourth month of your fiscal year or the fifteenth day of the tenth month if you file an extension. This means you will file your taxes or an extension on April 15, 2020, and pay any tax liability you owe. If you ask for an extension, you will file taxes by October 15, 2020, but you will still need to pay taxes by April 15.

What Exempt Organizations (Nonprofits and Charities) Need to Do By Their Tax DeadlineExempt organization, such as a nonprofit or charity, file taxes on the fifteenth day of the fifth month of your fiscal year or the fifteenth day of the eleventh month if you file an extension. For your 2019 return, you’ll need to file your taxes or an extension by May 15, 2020. If you ask for an extension, you will have until November 16, 2020 to file your return, as the fifteenth falls on a Sunday in 2020.

When to Consider the Tax Extension for Your 2019 Business TaxesNeed extra time to get organized? Did something disruptive from your personal life take priority? Did your 2019 business activities have way more tax consequences than you expected? Extending your return deadline doesn’t need to be a stressful decision, in fact, it should help eliminate stress!

C Corporations, Partnerships, and S Corporations use Form 7004 to request a 6-month extension; individuals use Form 4868. For nonprofits, you can request a 6-month extension using Form 8868.
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