As Tax season approaches, we want to make sure you have your taxes filed on time.
If you plan to send in your return via mail, your return should be in the mail with the appropriate postage and address by the end of the business day on your deadline to be considered “on time” by the IRS.
If you’re sending e-filing, all you have to do is make sure it’s sent before midnight on the deadline.
Important: All requests for extensions on your tax returns must be received by the IRS by the original filing deadline (3/15/19, or 4/15/18 - depending on the type of tax return that you’re filing).
Also Important: Requesting an extension to file your taxes is not a request to extend your tax payment. Your taxes must be paid by the applicable tax deadline.
Here are the tax dates you’ll need to know.
1. First Day to File Your Taxes
The IRS will start to accept tax returns for the 2019 tax year on January 27, 2020.
2. Business Tax Deadline
The original dates for filing business tax returns are as follows:
- S-corps: 3/16/2020
- Partnership: 3/16/2020
- C-corps: 4/15/2020
3. Personal Tax Deadline
The IRS will accept personal tax returns starting January 27, 2020 until April 15, 2020 without a tax extension.
4. Business Extension Deadline
If you extended your business tax return (extensions need to be filed by the original tax deadline), you’ll need to file by:
- S-corps: 9/15/2020
- Partnerships: 9/15/2020
- C-corps: 10/15/2020
5. Personal Extension Deadline
If you decide to file an extension, your new tax return deadline will be extended by 6 months to October 15, 2019. However, an extension to file is not an extension to pay. You are still required to pay any taxes owed by the original deadline of April 15, 2020.
6. 2019 Quarterly Estimated Payment Deadlines
If you’re self-employed, you will probably pay quarterly taxes throughout the year. Quarterly estimated tax payments must be made by the following dates:
Quarterly estimated tax payments must be made by the following dates:
- First Quarter: 4/15/2020
- Second Quarter: 6/15/2020
- Third Quarter: 9/15/2020
- Fourth Quarter: 1/15/2021
Late payments will incur a penalty of an additional 0.5% of your unpaid taxes every month until you pay your bill, up to a maximum of 25%. Tracking your deadlines closely and making sure all of your payments are made in time is the best way to avoid a penalty.
Keeping track of tax deadlines can be confusing -- that’s why Taxfyle is here to make it easy.
Taxfyle’s on-demand network of Pros are readily available to help you file your taxes, whether your tax history is simple or complex. Our tax Pros are knowledgeable when it comes to filing as an expat and will find the best tax solution for you.