Councilor Buchanan & Mitchell (CBM)’s tax calendar below is current as of March 24, 2020.
To ensure you don’t miss any important 2020 dates, CBM offers the following summary of important upcoming tax-related payments and deadlines. Please review the calendar and reach out to CBM Tax Practice Director Richard Morris (click here to fill out our online form) if you have any questions about the deadlines or would like assistance in meeting them.
| Date | Deadline for |
| January 31 | Individuals: Filing a 2019 income tax return (Form 1040) and paying tax due, to avoid penalties for underpaying the January 15 installment of estimated taxes.
Businesses: Providing Form 1098, Form 1099 (except for those that have a February 18 deadline) and Form W-2G to recipients. Filing Form 1099 if it includes payments for nonemployee compensation in Box 7. Employers: Providing 2019 Form W-2 to employees. Reporting income tax withholding and FICA taxes for fourth quarter 2019 (Form 941). Filing an annual return of federal unemployment taxes (Form 940) and paying any tax due. Employers: Filing 2019 Form W-2 (Copy A) and transmittal Form W-3 with the Social Security Administration. |
| February 10 | Individuals: Reporting January tip income of $20 or more to employers (Form 4070).
Employers:Reporting income tax withholding and FICA taxes for fourth quarter 2019 (Form 941) and filing a 2019 return for federal unemployment taxes (Form 940), if you deposited on time and in full all of the associated taxes due. |
| February 18 | Businesses: Providing Form 1099-B, 1099-S and certain Forms 1099-MISC (those in which payments in Box 8 or Box 14 are being reported) to recipients.
Individuals: Filing a new Form W-4 to continue exemption for another year, if you claimed exemption from federal income tax withholding in 2019. |
| February 28 | Businesses: Filing Form 1098, Form 1099 (other than those with a January 31 or February 18 deadline) and Form W-2G and transmittal Form 1096 for interest, dividends and miscellaneous payments made during 2019. (Electronic filers can defer filing to March 31.) |
| March 10 | Individuals: Reporting February tip income of $20 or more to employers (Form 4070). |
| March 16 | Calendar-year S corporations: Filing a 2019 income tax return (Form 1120S) or filing for an automatic six-month extension (Form 7004), and paying any tax due.
Calendar-year partnerships: Filing a 2019 income tax return (Form 1065 or Form 1065-B) or requesting an automatic six-month extension (Form 7004). |
| March 31 | Employers: Electronically filing 2019 Form 1097, Form 1098, Form 1099 (other than those with an earlier deadline) and Form W-2G. |
| April 10 | Individuals: Reporting March tip income of $20 or more to employers (Form 4070). |
| April 15 | Individuals: Paying the first installment of 2020 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Individuals: Making 2019 contributions to a traditional IRA or Roth IRA (even if a 2019 income tax return extension is filed). Individuals: Making 2019 contributions to a SEP or certain other retirement plans (unless a 2019 income tax return extension is filed). Individuals: Filing a 2019 gift tax return (Form 709) or filing for an automatic six-month extension (Form 8892), and paying any gift tax due. Filing for an automatic six-month extension (Form 4868) to extend both Form 1040 and, if no gift tax is due, Form 709. Household employers: Filing Schedule H (Form 1040), if wages paid equal $2,100 or more in 2019 and Form 1040 isn’t required to be filed. For those filing Form 1040, Schedule H is to be submitted with the return and is thus extended to the due date of the return. Trusts and estates: Filing an income tax return for the 2019 calendar year (Form 1041) or filing for an automatic five-and-a-half month extension to October 1 (Form 7004), and paying any income tax due. Calendar-year corporations: Paying the first installment of 2020 estimated income taxes. |
| April 30 | Employers: Reporting income tax withholding and FICA taxes for first quarter 2020 (Form 941), and paying any tax due. |
| May 1 | Commonwealth of Virginia: Income tax filing deadline (or request for extension). |
| May 11 | Individuals: Reporting April tip income, $20 or more, to employers (Form 4070).
Employers: Reporting income tax withholding and FICA taxes for first quarter 2020 (Form 941), if you deposited on time and in full all of the associated taxes due. |
| May 15 | Exempt organizations: Filing a 2019 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) or filing for an automatic six-month extension (Form 8868) and paying any tax due.
Small exempt organizations (with gross receipts normally of $50,000 or less): Filing a 2019 e-Postcard (Form 990-N), if not filing Form 990 or Form 990-EZ. |
| June 1 | Commonwealth of Virginia: Income tax payments or extension request deadline for the period from April 1 to June 1 |
| June 10 | Individuals: Reporting May tip income, $20 or more, to employers (Form 4070). |
| June 15 | Individuals: Filing a 2019 individual income tax return (Form 1040) r filing for a four-month extension (Form 4868), and paying any tax and interest due, if you live outside the United States.
Individuals: Paying the second installment of 2020 estimated taxes, if not paying income tax through withholding (Form 1040-ES). Calendar-year corporations: Paying the second installment of 2020 estimated income taxes. |
| July 10 | Individuals: Reporting June tip income, $20 or more, to employers (Form 4070). |
| July 15 | Individuals (federal return): Filing and submitting payment for a 2019 federal income tax return (Form 1040) or filing for an automatic six-month extension (Form 4868).
Individuals (state return): Filing and submitting payment, or request a filing extension, for a 2019 tax return in the following states:
Calendar-year corporations: Filing and submitting a 2019 income tax return (Form 1120) or filing for an automatic six-month extension (Form 7004). |
| July 31 | Employers: Reporting income tax withholding and FICA taxes for second quarter 2020 (Form 941), and paying any tax due.
Employers: Filing a 2019 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or requesting an extension. |
| August 10 | Individuals: Reporting July tip income, $20 or more, to employers (Form 4070).
Employers: Reporting income tax withholding and FICA taxes for second quarter 2020 (Form 941), if you deposited on time and in full all of the associated taxes due. |
| September 10 | Individuals: Reporting August tip income, $20 or more, to employers (Form 4070). |
| September 15 | Individuals: Paying the third installment of 2020 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations: Paying the third installment of 2020 estimated income taxes. Calendar-year S corporations: Filing a 2019 income tax return (Form 1120S) and paying any tax, interest and penalties due, if an automatic six-month extension was filed. Calendar-year S corporations: Making contributions for 2019 to certain employer-sponsored retirement plans, if an automatic six-month extension was filed. Calendar-year partnerships: Filing a 2019 income tax return (Form 1065 or Form 1065-B), if an automatic six-month extension was filed. |
| October 1 | Trusts and estates: Filing an income tax return for the 2019 calendar year (Form 1041) and paying any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
Employers: Establishing a SIMPLE or a Safe-Harbor 401(k) plan for 2019, except in certain circumstances. |
| October 13 | Individuals: Reporting September tip income, $20 or more, to employers (Form 4070). |
| October 15
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Individuals: Filing a 2019 income tax return (Form 1040) and paying any tax, interest and penalties due, if an automatic six-month extension was filed (or if an automatic four-month extension was filed by a taxpayer living outside the United States).
Individuals: Making contributions for 2019 to certain existing retirement plans or establishing and contributing to a SEP for 2018, if an automatic six-month extension was filed. Individuals: Filing a 2019 gift tax return (Form 709) and paying any tax, interest and penalties due, if an automatic six-month extension was filed. Individuals (state return): Individual income tax deadline if taxpayer filed for an extension in the following states:
Calendar-year C corporations: Filing a 2019 income tax return (Form 1120) and paying any tax, interest and penalties due, if an automatic six-month extension was filed. Calendar-year C corporations: Making contributions for 2019 to certain employer-sponsored retirement plans, if an automatic six-month extension was filed. |
| November 2 | Employers: Reporting income tax withholding and FICA taxes for third quarter 2020 (Form 941) and paying any tax due. |
| November 10 | Individuals: Reporting October tip income, $20 or more, to employers (Form 4070).
Employers: Reporting income tax withholding and FICA taxes for third quarter 2020 (Form 941), if you deposited on time and in full all of the associated taxes due. |
| November 16 | Exempt organizations: Filing a 2019 calendar-year information return (Form 990, Form 990-EZ or Form 990-PF) and paying any tax, interest and penalties due, if a six-month extension was previously filed. |
| December 10 | Individuals: Reporting November tip income, $20 or more, to employers (Form 4070). |
| December 15 | Calendar-year corporations: Paying the fourth installment of 2020 estimated income taxes. |
| December 31 | Employers: Establishing a retirement plan for 2020 (generally other than a SIMPLE, a Safe-Harbor 401(k) or a SEP). |
Councilor, Buchanan & Mitchell (CBM) is a professional services firm delivering tax, accounting and business advisory expertise throughout the Mid-Atlantic region from offices in Bethesda, MD and Washington, DC.
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