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INCOME TAX SERVICES
Individuals, business, tax planning, IRS issue resolution |
FINANCIAL REPORTING
Financial statement preparation, compilation, review and audit for business and nonprofit entities |
ACCOUNTING & BUSINESS SERVICES
General business consulting, QuickBooks, Sage 50, business formation, choice of entity, and accounting services |
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JANUARY 8
IRS begins accepting business returns via e-file JANUARY 15 Individuals' fourth quarter 2020 estimated tax payments due FEBRUARY 1 W-2 due to employees W-3 due to SSA — all filers Extension available on Form 8809 1099-NEC for nonemployee compensation due to recipients and IRS Other 1099 and 1098 information returns due to recipients FEBRUARY 12 IRS to begin accepting individual e-filed tax returns FEBRUARY 16 Deadline for brokerages to issue Form 1099-B for stock transactions Deadline for real estate transactions reported on Form 1099-S MARCH 1 Paper filing of Forms 1099/1096 due to IRS (other than NEC) MARCH 2 Deadline for insurance providers to issue Forms 1095-B and 1095-C to recipients (IRS extended due date) MARCH 15 Deadline to file Form 2553 for corporations or LLCs wishing to be taxed as S corporations for tax year 2021 Passthrough entity returns due Partnership (1065) S corporations (1120S) Deadline to furnish K-1s to partners and S-corp shareholders Deadline to request six-month extension for Forms 1065 and 1120S MARCH 31 Electronic filings of Forms 1099/1096 due to IRS (other than NEC) APRIL 1 DC two-year report (Form BRA-25) due to DCRA for all businesses operating in DC. Late fees to be waived until June 1 APRIL 15 Form 1120 tax returns due for calendar year C corporations Form 1041 trust and estate income tax returns due FBAR returns due for foreign bank accounts Extension available First quarter 2021 estimated tax payments due for individuals and C corporations MD Business Personal Property Tax Returns due Two-month extensions available MAY 1 Fairfax County Business Personal Property Returns due MAY 3 First quarter 2021 Virginia individual estimated income tax payments due MAY 15 Deadline for calendar year nonprofits to file Form 990 or file for extension |
MAY 17
Federal individual tax returns (1040) due DC, VA individual returns due DC business tax returns due (D-20, D-30) Last day to pay any 2020 tax due without incurring late payment penalty File for extension Pay estimate of tax due if necessary Last day to file amended 2017 individual return (filed without extension) and claim a refund Deadline for 2020 contributions to traditional and Roth IRAs JUNE 15 Expiration of automatic two-month extensions for US citizens and residents living and/or working abroad to file Form 1040 and pay tax. May request additional 4-month extension of time to file Second quarter 2021 estimated tax payments due for individuals and C corporations JULY 15 MD individual tax returns due — filing and payment MD Q1 and Q2 estimated taxes due Extended MD Annual Report and Business Personal Property Tax Returns due JULY 31 Form 5500 due for Individual 401(k) and profit sharing plans Extensions available SEPTEMBER 15 Final deadline for S corporations (1120S) and partnerships (1065) Third quarter 2020 estimated tax payments due for individuals and C corporations OCTOBER 1 Final deadline for calendar year trusts and estates filing Form 1041 OCTOBER 15 Final deadline for individuals (1040) and calendar year C corporations (1120) on extension Deadline for Form 5500 for Individual 401(k) and profit sharing plans riding on individual and C corporation sponsors’ extensions Last day to make contributions to SEP-IRA and Individual 401(k) for 2020 returns Last day to file amended 2016 individual tax return and claim a refund, provided the original return was on extension NOVEMBER 15 Filing deadline for calendar-year nonprofits (Form 990) on six-month extension DECEMBER 15 Fourth quarter 2020 estimated tax payments due for C corporations DECEMBER 31 Last day for self-employed persons to set up individual 401(k) YEAR-END TAX PLANNING Schedule an appointment now to review your year, check your withholding and/or estimated tax payments, and look for opportunities to save. |
