Important Tax Deadline Dates For Businesses

For S-corporations – March 15

• By the 15th, you must file your 2021 calendar year income tax return (Form 1120S) and pay any taxes.
• Give each shareholder a copy of Schedule K-1 (Form 1120S), Shareholder’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1.
• If you want a 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.
• Want to elect to be treated as an S-corporation in 2022? File Form 2553, Election by a Small Business Corporation.

For partnerships – March 15

• This is the due date to file a 2021 calendar year return with Form 1065. Provide each partner with a copy of Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1.
• Need a 5-month extension? If you want until Sept. 15 to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 7004.
• For electing large partnerships:
• This is the due date to file a 2021 calendar year return (Form 1065-B). If you want an automatic 6-month extension of time to file the return, file Form 7004.
• Provide each partner with a copy of Schedule K-1 (Form 1065-B), Partner’s Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K-1.

For all businesses – APRIL 18

• Only if you file electronically: Give the IRS Forms 1097, 1098, 1099, 3921, 3922, and W-2G.

For corporations – April 18

• Due date to file a 2021 calendar year income tax return (Form 1120) and pay any taxes.

For individuals – April 18

• Due date to file a 2021 income tax return (Form 1040) and pay any taxes.
• If you want an automatic 6-month extension to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return.

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