- January 20, 2019
- Posted by: Akif CPA
- Category: Business Tax, Individual Tax
Filing and paying your taxes on time is way easier when you know the due dates and when you have a great CPA. In this post, we will be focusing on when 2018 tax returns are due in 2019 for calendar and alternative fiscal year ends. Also, read about 2019 tax brackets vs 2018 tax brackets.
Now, let’s have a look at various tax filing due dates in the year 2019 for the tax year 2018 for individual and business:
2019 Tax Due Dates and Deadlines
|Type Of Form||Due Date For Filing|
|Form W-2, W3, 1099(Box 7) and1096(Box 7)||31st January 2019|
|Form 1065 (for Partnerships)||15th March 2019|
|Form 1120S (for S-corporations)||15th March 2019|
|Form 1040 (for Individuals)||15th April 2019|
|Fin CEN 114 – FBAR||15th April 2019|
|Form 1041 (for Trusts and Estates)||15th April 2019|
|Form 1120 (for C-Corporations)||15th April 2019|
|Form 990 Series (for Tax-Exempt Organizations)||15th May 2019|
|Form 550 Series (for Employee Benefit Plan)||31st July 2019|
Due Dates for Extended Return
|Type of Form||Due Date|
|Form 1065||16th September 2019|
|Form 1120S||16th September 2019|
|Form 1041||1st October 2019|
|Form 1120||15th October 2019|
|Form 1040||15th October 2019|
|Fin CEN 114 (along with Form 1040)||15th October 2019|
|Form 990 Series||15th November 2019|
|Form 550 Series||15th November 2019|
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In Case Of Fiscal Year Tax Filers:
In case of Partnerships and S-Corporations, the due date for filing will be 15th of the third month post completion of their tax year. However, there will be no change in the filing date in case of S-Corporations. On the other hand, C-Corporations will have to file their returns on 15th of the fourth month post completion of their tax year. It should be noted that the C-Corporations, whose fiscal year ends on 30th of June, can now postpone their due dates until 31st December, 2025. Those with Employee Benefit Plan can file their returns on the last day of the seventh month post completion of their plan year.
Whether you are an individual, Partnership, S-Corporation, or a C-Corporation, it is important to confirm the due dates for tax filings in your state. This is because your state may have set different due dates that may not be similar to Federal Due Dates.
What are the changes carrying over from 2017?
Let’s take a look at various changes that have been introduced in the new Tax Filing Guidelines:
- In case of Form 1065 (partnership income), the extension period has been updated to six months instead of five months.
- In case of Form 1041 (Estates and Trusts), the extension period has been updated to five and a half months instead of five months, i.e. extra two weeks.
- Those with Employee Benefit plans will get an automatic extension of maximum three and a half months.
- In case of Fin CEN 114 – FBAR (foreign banks and financial accounts), the due dates will be similar to that of individual form 1040 with a permitted extension period of six months. In this way, the FBAR and Individual reporting will be aligned.
- In case of Form 990 Series, the automatic extension period has been updated to six months instead of three months, ending on 15th November for the calendar year filers.
That was all you needed to know about the latest changes in Tax Filings and now you don’t have to worry about anything. So, feed all these points to your brain and keep yourself away from the wrath of IRS.
Read about when you are not required to file a federal income tax return? Avail our expert Tax Services or Accounting and Bookkeeping Services to make sure you are saving thousands for your business growth.