Individual Returns

January 15, 2021

 4th Quarter 2020 Estimated Tax Payment Due
If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked or paid online by the January 15, 2021 tax deadline.

February 1, 2021

 1099-NEC Due
If you work with independent contractors, for 2020 tax filings, you will now need to submit a 1099-NEC instead of a 1099-MISC. The deadline for filing these is February 1, 2021.

April 15, 2021

 Individual Returns Due for Tax Year 2020
The due date for filing tax returns and making tax payments is April 15, 2021. 

 

 Individual Tax Return Extension Form Due for Tax Year 2020
File your request for a tax extension by this date to push your tax deadline back to October 15, 2021.

 

 1st Quarter 2021 Estimated Tax Payment Due
If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, get your Form 1040-ES postmarked or pay online by this date. 

 

 Last Day to make a 2020 IRA Contribution
If you haven't already funded your retirement account for 2020, do so by April 15, 2021. That's the deadline for a contribution to a traditional IRA, deductible or not, and a Roth IRA. However, if you have a Keogh or SEP and you get a filing extension to October 15, 2021, you can wait until then to put 2020 money into those accounts.

June 15, 2021

 2nd Quarter 2021 Estimated Tax Payment Due
If you are self-employed or have other second-quarter income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked or paid online by this date.

September 15,  2021

 3rd Quarter 2021 Estimated Tax Payment Due
If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked or paid online by this date.

October 15, 2021

 Extended Individual Tax Returns Due
If you got a filing extension on your 2020 tax return, you need to get it completed and postmarked or e-filed by October 15, 2021.

January 15, 2022

 4th Quarter 2021 Estimated Tax Payment Due
If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by this date.

 

Business Returns

February 1, 2021

 1099-NEC Due
If you work with independent contractors, for 2020 tax filings, you will now need to submit a 1099-NEC instead of a 1099-MISC. The deadline for filing these is February 1, 2021.

March 15, 2021

 S-Corp and Partnership Returns Due for Tax Year 2020
If you have an S-Corp or Partnership, the due date for filing tax returns for the business and making tax payments is April 15, 2021. 

 

 S-Corp and Partnership Extension Form Due for Tax Year 2020
File your request for a tax extension by this date to push your tax deadline back to October 15, 2021.

September 15,  2021

 Extended S-Corp and Partnership Tax Returns Due
If you got a filing extension on your 2020 tax return for your S-Corp or Partnership, you need to get it completed and postmarked or e-filed by September 15, 2021.

Need help figuring out what you should be paying in estimated taxes or filing for an extension? Send us an email at info@brasstaxes.com.