As we write this post, the IRS already confirmed that tax day for 2020 filing is now May 17, 2021. This is for individual tax returns only! Corporate tax returns are due on April 15, 2021 for those who close their fiscal year on 12/31. In addition,
most States also pushed back the 2020 tax filing due date to May 17, 2021 to mirror the federal return since most State tax returns are based on the Federal adjusted gross income.
However, for independent workers and business owners, the estimated tax payments are still due on April 15, 2021, following the regular calendar for Q1-2021 estimated tax payment. This is true for Federal and also most States.
Please do check with your tax advisor to avoid missing deadlines! Whether you are corporate or indiivudal, we are here to help you prepare your taxes and plan your fiscal year.