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Tier One TaxDeadlines Organized by DateHere are important dates in chronological order, if you prefer to just flip through and mark them on your calendar. They include some additional to-do-by dates that might apply to you:1???Jan. 11, 2021:?Deadline for employees who earned more than $20 in tip income in December 2020 to report this income to their employers on?Form 4070Jan. 15, 2021:?Deadline to pay the fourth-quarter?estimated tax payment?for tax year 2020Feb. 1, 2021:?Deadline for employers to mail out?W-2 Forms?to their employees and for businesses to furnish?1099 Forms?reporting non-employee compensation, bank interest, dividends, and distributions from a retirement planFeb. 1, 2021:?Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, if the sender is reporting payments in boxes 8 or 14Feb. 1, 2021:?Deadline for catching up on unpaid fourth-quarter estimated taxes without additional penalties by filing 2020 tax returnsFeb. 10, 2021:?Deadline for employees who earned more than $20 in tip income in January 2021 to report this income to their employersMarch 1, 2021:?Deadline for businesses to mail Forms 1099 and 1096 to the IRSMarch 2, 2021:?Deadline for farmers and fishermen to file individual income tax returnsMarch 10, 2021:?Deadline for employees who earned more than $20 in tip income in February 2021 to report this income to their employersMarch 15, 2021:?Deadline for corporate tax returns (Forms 1120, 1120-A, and 1120-S) for tax year 2020, or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year, and for filing partnership tax returns (Form 1065) or to request an automatic five-month extension of time to file (Form 7004)March 31, 2021:?Deadline for businesses to e-file Forms 1099 and 1096 to the IRS, except Form 1099-NECApril 12, 2021:?Deadline for employees who earned more than $20 in tip income in March 2021 to report this income to their employersApril 15, 2021:?Deadline to file individual tax returns (Form 1040) for the tax year 2020 or to request an?automatic extension?(Form 4868) for an extra six months to file your return, and for payment of any tax dueApril 15, 2021: Deadline for household employers who paid $2,200 or more in wages in 2020 to file Schedule H for Form 1040April 15, 2021:?Deadline for first-quarter estimated tax payments for the 2021 tax yearMay 10, 2021:?Deadline for employees who earned more than $20 in tip income in April 2021 to report this income to their employersJune 10, 2021:?Deadline for employees who earned more than $20 in tip income in May 2021 to report this income to their employersJune 15, 2021:?Deadline for second-quarter estimated tax payments for the 2021 tax yearJune 15, 2021:?Deadline for U.S. citizens living abroad to file individual tax returns or file Form 4868 for an automatic four-month extensionJuly 12, 2021:?Deadline for employees who earned more than $20 in tip income in June 2021 to report this income to their employersAug. 10, 2021:?Deadline for employees who earned more than $20 in tip income in July?2021 to report this income to their employersSept. 10, 2021:?Deadline for employees who earned more than $20 in tip income in August 2021 to report this income to their employersSept. 15, 2021:?Deadline for?third-quarter estimated tax payments for the 2021 tax yearSept. 15, 2021:?Final deadline to file corporate tax returns for tax year 2020, if an extension was requested (Forms 1120, 1120-A, 1120-S)Oct. 12, 2021:?Deadline for employees who earned more than $20 in tip income in September 2021 to report this income to their employersOct. 15, 2021:?Final extended deadline to file individual tax returns for the year 2020 (Form 1040)Oct. 15, 2021:?Deadline for taxpayers who earned $69,000 or less in adjusted gross income (AGI) for tax year 2020 to use?Free File?to prepare and file their returnsNov. 10, 2021:?Deadline for employees who earned more than $20 in tip income in October 2021 to report this income to their employersDec. 10, 2021:?Deadline for employees who earned more than $20 in tip income in November 2021 to report this income to their employersWhat If You Miss a Date?You'll probably be hit with a financial penalty, if only an extra interest charge, if you don't submit a return and any payment due by its appropriate deadline. The late filing penalty for a 1040 return is 5% of the tax due per month as of 2020, up to a cap of 25% overall, with additional fees piling up after 60 days.2????The IRS says you should file your return as soon as possible if you miss a deadline. If you owe taxes, pay them as soon as you can as well.?On Oct. 19, 2020, the IRS announced tax deadline extensions for individuals and businesses impacted by the California wildfires and Hurricane Delta. Those affected by the California wildfires and who had a valid extension to file their 2019 tax returns by Oct. 15, now have until Jan. 15, 2021, to file their returns and make tax payments.3? Those affected by Hurricane Delta who had valid extensions to file by Oct. 15, now have until Feb. 16, 2021, to file their tax returns and make payments.4? This relief applies to areas that FEMA has designated as needing assistance.How to File ElectronicallyYou might want to e-file your late return, f you haven't missed that deadline as well. Many taxpayers can e-file at IRS Free File, but only if their AGIs were under $69,000 in 2020. Some other rules can apply, imposed by the individual software providers that participate in the Free File Alliance as well. The IRS will accept e-filed returns until November. It will announce the exact cutoff date in November sometime in October 2021.What If You Can’t Pay Your Taxes?File your return anyway and immediately apply for a?payment plan?if you can't pay the tax you owe all at once. The IRS will generally let you pay overtime, as long as you make arrangements to do so.?Go to?IRS Direct Pay?and have the payment debited directly from your bank account if you owe money and don't want to send a check to the IRS via snail mail, risking the extra time that might entail. ................
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