Individual tax returns for 2019 are due Wednesday, April 15th, 2020
Calendar year corporations are due Wednesday, April 15th, 2020
S-Corporations, Partnerships and LLC’s taxed as partnerships are due Monday, March 16, 2020
Fiduciary returns are due Wednesday, April 15, 2020
Exempt Organizations are due Friday May 15, 2020
This year, we will begin filing extensions for entities on March 1 and for individual returns on April 1. Please note – while no signature is required on the actual extension (e-filed) – we do need your written permission to extend. Please sign and return the permission slip in your tax package.
Remember that an extension of time to file a federal or state return is NOT an extension of time to pay tax. Taxes are due with the original due date and you may be penalized and/or charged interest if you do not pay taxes by the first due date.
If you owe money OR THINK YOU WILL OWE MONEY ON YOUR RETURN, you should pay the outstanding tax with your extension by April 15, 2020 for both federal and state. You can still file the extensions electronically, but you must make your payment – either by check or by electronic funds transfer. See the IRS web site or talk with us if you want to try electronic funds transfer this year.
If you are an ongoing client in our practice, we will electronically file extensions on your behalf automatically if needed BUT ONLY IF YOU HAVE SIGNED THE PERMISSION FORM. If you are NOT a client in our practice, you may either ask us to help you with your extensions or you may go to the Internal Revenue Service web site at www.irs.gov and follow the prompts to file Form 4868 for individuals or Form 7004 for corporations and partnerships.
Due Dates Under Extension:
Personal returns (Form 1040) — due Thursday, October 15, 2020
S Corporations, Partnerships and LLC’s taxed as partnerships — due Tuesday, September 15, 2020
C Corporations — due Thursday, October 15, 2020
Fiduciary Returns — due Monday, November 2, 2020
Exempt Organizations — due Monday, November 16, 2020
We need your personal information in the office no later than August 1 to guarantee that your returns will be finished by the extension due date deadline. For entity returns (corps, LLCs, etc) information should be in no later than July 1. PLEASE get information in as early as possible. Thank you!