Our Tax Center is here to provide you with the most up-to-date tax-related information all in one easy-to-access location. We regularly compile a list of important dates to help you avoid any surprises or penalties.
Our goal is to make tax season less stressful and more straightforward for each of our clients. If you have any questions about tax forms, their due dates, or any other tax-related issues, don’t hesitate to reach out to Murray & Kirchner CPA LLC, in McAllen, TX, at (956) 800-5600.
| January 2020 | |
| January 15 | Deadline for 2019’s fourth-quarter estimated tax payments. |
| January 31 | Deadline for employers to send employees their W-2 Forms. Deadline for businesses to report non-employee compensation, bank interest, dividends, distributions from retirement plans, etc. in the appropriate 1099 Forms. |
| February 2020 | |
| February 18 | Deadline for financial institutions to send:
|
| February 28 | Deadline for businesses to send Forms 1099 and 1096 to the IRS |
| March 2020 | |
| March 16 | Deadline for corporate tax returns for the year 2019: Forms 1120, 1120-A and 1120-S. Deadline for corporations that use the calendar year as their tax year to request a six-month extension using Form 1004. Deadline to file partnership tax returns (Form 1065). Deadline to request an automatic five-month extension (Form 7004). |
| April 2020 | |
| April 15 | Deadline to file individual tax returns for the year 2019 (Form 1040). Deadline to request an automatic six-month extension (Form 4868) for filing; tax payment is still due April 15. Deadline for last contribution to a traditional IRA, Roth IRA, Health Savings Account, SEP-IRA, or solo 401(k) for the 2019 tax year, excluding payments made to a SEP-IRA or solo 401(k) before October 15 for those granted an extension. Deadline for payment of first-quarter estimated tax for the tax year 2020. Deadline to file estate income tax or trust income tax returns (Form 1041). Deadline to request an automatic five-month extension for filing (Form 7004). |
| June 2020 | |
| June 1 | Deadline for financial institutions to report balances in an individual retirement account (Form 5498). |
| June 15 | Deadline for payment of second-quarter estimated tax for tax year 2020. Deadline for U.S. citizens living abroad to file individual tax returns (Form 1040). Deadline to request automatic four-month extension for filing (Form 4868). |
| September 2020 | |
| September 15 | Deadline for payment of third-quarter estimated tax for the tax year 2020. Deadline for those granted an extension to file corporate tax returns for the year 2019 (Forms 1120, 1120-A, 1120-S); final extended deadline. |
| October 2020 | |
| October 1 | Deadline to establish a SIMPLE-IRA for the self-employed and small employers. |
| October 15 | Deadline for those granted an extension to file individual tax returns for the year 2019 (Form 1040); final extended deadline. Deadline for filing an electronic tax return with the IRS for the year 2019; only mail-in forms accepted beyond this date. Deadline for those granted an extension to fund a SEP-IRA or solo 401(k) for the tax year 2019; final extended deadline. |
What If I Miss a Deadline?
If you fail to meet a deadline, you will most likely be charged a financial penalty. Should this happen, file your return as soon as possible and apply for a payment plan immediately thereafter. The IRS is usually willing to work with you to reach an arrangement.