2019 Tax Deadlines for Filing 2018 Business Returns

Federal Income Tax Deadlines in 2019 for Business

Knowing about tax deadline or when are business tax returns due is quite a common thought when the year is near the end. The business owner often out-source  the tax filing and accounting  job, still it is important for them to keep the tax calendar updated. So this post is for all of them  .The tax filing deadline under IRS rules depends on the type of business  entity. Therefore , your entity type decides  your deadline  for filing business taxes.  Below is a list  of the types of business entities for tax return considerations:

Sole Proprietorship

For tax purpose , a sole proprietorship business entity  is akin to an Individual taxpayer , so he/she files his/her business income tax return on Schedule C, along with the his/her personal tax return (Form 1040) .. The accounting year for a sole proprietorship business ends on  December 31, and the tax return due date is the same as the individual’s—April 15, 2019. The due date for the 2018 Schedule C is April 15, 2019.

Single-Member LLC

A single member Limited Liability Corporation or LLC  is also taxed like a sole proprietorship, using Schedule C to  Form 1040. The due date for 2018 Schedule C forms, along with the owner’s personal tax return, is April 15, 2019.

Partnership Firm

A partnership return is filed on Form 1065, and the due date falls  on the 15th day of the 3rd month after the end of the partnership’s tax year. For example, if your partnership is a calendar year taxpayer, with a December 31 year end, you must file a 2018 tax return or extension request by March 15, 2019  which is also the due date for individual partners to receive Schedule K-1  that shows  individual share of the partnership income or loss. The Schedule K-1 is part of schedule of individual tax return form 1040.

 

Multiple-Member Limited Liability Company (LLC)

Multiple-member LLCs  taxed as partnerships , so all the deadlines , including the March 15, 2019, deadline for giving partners their Schedule K-1, effective for partnership applies to it.

S Corp

S corp  are corporations that distribute its  income, losses, deductions, and credits through to their shareholders for federal tax purposes. S corps must file an information report on Form 1120 S and provide K-1s by March 15, 2019.

C Corporations

Corporations often choose any convenient date as their year-end (usually a quarter-end) date. For the 2018 tax year, corporation tax returns are due and taxes are payable on the 15th day of the 4th month after the end of the company’s fiscal (financial) year. For example, a corporation with a year-end date of December 31 must file and pay taxes by April 15, 2019.

Business Tax Deadline 2018

The following table covers business tax return due date for tax year  2018 taxes in 2019 (using the calendar year):

2019 Tax Deadlines for Filing 2018 Business Returns

Partnership Tax Deadlines:

Due Date:
Original tax deadline for partnerships (Form 1065) March 15, 2019
Extension tax deadline for partnerships (Form 1065) September 16, 2019

S Corporation Tax Deadlines:

Due Date:
Original tax deadline for S Corporations (Form 1120S) March 15, 2019
Extension tax deadline for S Corporations (Form 1120S) September 16, 2019

C Corporation Tax Deadlines:

Due Date:
Original tax deadline for C Corporations (Form 1120) April 15, 2019
Extension tax deadline for C Corporations (Form 1120) October 15, 2019

Sole Proprietor Tax Deadlines:

Due Date:
Original tax deadline for sole proprietors and individuals (Form 1040) April 15, 2019
Extension tax deadline for sole proprietors and individuals (Form 1040) October 15, 2019

Nonprofit Tax Deadlines:

Due Date:
Original tax deadline for exempt organizations (Form 990) May 15, 2019
Extension tax deadline for exempt organizations (Form 990) August 15, 2019

 

 

Leave A Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.