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May 17 is the deadline to request for Tax Extension and to push deadlines beyond due date

Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Today May 17, 2021 is the deadline to report and pay your federal taxes, when you’re in need of additional time then report tax extensions on time to push your deadline beyond May 17. The tax extension is only to report your taxes and taxes you owed should be paid in full by this deadline. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17.

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You will have until October 15 to file your return when your Tax Extension Form 4868 is approved by the IRS

The Internal Revenue Service already announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. When your Income Tax Extension Form 4868 is approved you’ll have until October 15, 2021 to file your return but you still need to pay any taxes owed by May 17.

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Some people get more time to file without asking; Anyone else can request an automatic extension

Anyone can request an automatic tax-filing extension, but some people get extra time without asking, according to the Internal Revenue Service. Due to the ongoing pandemic, this year the IRS postponed the usual April 15 deadline for filing individual income tax returns until May 17, 2021. Even so, as is the case every year, many Americans will still need more time to meet their tax-filing obligation.

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TODAY, April 15, is the deadline for Form 7004 extension of time for Form 1120 C-corp. Now is the time to file electronically!

There is a pressing need to act quickly because there isn’t much time left to file the C-corporation Form 1120 income tax return or an Extension Form 7004 for C-corporation 1120 to seek a filing extension. It’s not unfair to choose to save your hard-earned money for as long as possible, so you can make sure that you register and pay your taxes on or before the deadline to avoid IRS fines and interest. Keep one step ahead of the IRS by e-filing for an automatic 6-month extension of time to file the income tax returns. The deadline to file your C-corporation income tax returns (IRS Form 1120) is TODAY, April 15, 2021. The deadline to apply for a Form 7004 extension, which is an automatic extension of time for Form 1120, is also TODAY, April 15.

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April 15 Due Date for Businesses reporting IRS Tax Form 1120

The RS is once again moving the income tax filing deadline to allow more time to complete and submit your tax return and to pay any taxes you may owe. This year, individual taxpayers, including sole proprietors and single-owner LLCs, who normally have to file their tax return by April 15 will have until May 17, 2021 to file their 2020 taxes. 

Many businesses, including most S corporations and partnerships, have a tax filing deadline of March 15. This deadline is unchanged, since the change was announced after this deadline passed. The April 15 deadline for C corporations is also unchanged.

April 15 deadline for C corporations is also unchanged.

Most businesses and self-employed individuals must submit estimated tax payments quarterly and file an income tax return annually. Filing dates depend on whether you operate a corporation, partnership, S corporation, or sole proprietorship.

Sole proprietorships use the same tax schedule as individuals, so 2020 returns are due on April 15, 2021. If your business is an S corporation or a partnership, the return is due on March 15, 2021. Corporations can have various tax filing deadlines, and it should be defined in your corporate resolution. S corporations and partnerships, have a tax filing deadline of March 15. This deadline is unchanged, since the change was announced after this deadline passed.

April 15 deadline for C corporations is also unchanged.

Extension Tax Online is Due April 15

Corporate income tax returns

Companies have until April 15, 2021 to submit corporate tax returns for income received in 2020. Businesses may use Form 1120 or request a six-month extension by filing Form 7004 and submitting a deposit for the amount of estimated tax owed. The first quarterly estimated tax payment of the year is also due on this date. If your business requests an extension, you have until October 15 to submit your income tax return using Form 1120. You’ll be required to pay penalties, interest, and any remaining tax at that time.


Federal excise tax requirements for small businesses

Federal excise taxes apply to a number of different products and industries. Filing requirements vary depending on the nature of your business. Form 720, Quarterly Federal Excise Tax Return, applies to retailers, manufacturers, communications companies, and travel services. It’s filed quarterly, with this year’s due dates falling on April 30, July 30, October 29, 2021, and January 31, 2022.

Q1 Form 720 – Federal Excise Tax Filing Falls Due This April 30, 2021. Use TaxExcise.com to eFile and receive instant acknowledgement.

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