{"id":72,"date":"2021-04-01T05:25:23","date_gmt":"2021-04-01T05:25:23","guid":{"rendered":"https:\/\/www.etax7004.com\/blog\/?p=72"},"modified":"2021-04-08T14:33:13","modified_gmt":"2021-04-08T14:33:13","slug":"business-tax-return-filing-due-dates-for-2021-tax-year","status":"publish","type":"post","link":"https:\/\/www.tax2efile.com\/blog\/business-tax-return-filing-due-dates-for-2021-tax-year\/","title":{"rendered":"Business Tax Return Due Dates for 2021 | Business Taxes Deadline"},"content":{"rendered":"<p><strong><span style=\"font-family: verdana, geneva, sans-serif;\">Tax due dates for various Business types in 2021<\/span><\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"list-style-type: circle;\">\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">S-corporation tax\u00a0returns on IRS Form 1120- S:15<sup>th<\/sup>March, 2021<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">C-corporation tax returns on IRS Form 1120: for year-end corporations, the due date is 15<sup>th<\/sup> April 2021.<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Partnership tax returns on IRS Form 1065 along with the Schedule K-1s: 15th March 2021 <\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Single-member LLC and Sole Proprietorship returns on the Schedule C: 15th April 2021<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Tax Extension Due dates for Business Tax Returns in 2021<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"list-style-type: circle;\">\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">S-corporation tax extension due date is 17th September 2021 (no change in the due date)<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Corporation tax extension due date is 15th October 2021 (allowed automatic extension)<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Schedule C for sole proprietors and single-member LLC&#8217;s: \u00a0tax extension till the date of 15th October 2021 (no change in the due date) filed along with personal tax return<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Partnership tax extension due to date is 17th September 2021\u00a0(no change allowed)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/business-tax-return-filing-due-dates-for-2021-tax-year\/#Tax_Return_Due_Dates_for_C_Corporation_and_Partnership_Returns\" >Tax Return Due Dates for C Corporation and Partnership Returns<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/business-tax-return-filing-due-dates-for-2021-tax-year\/#Business_Tax_Return_Due_Dates_of_2021\" >Business Tax Return Due Dates of 2021<\/a><\/li><\/ul><\/nav><\/div>\r\n<h3><span class=\"ez-toc-section\" id=\"Tax_Return_Due_Dates_for_C_Corporation_and_Partnership_Returns\"><\/span><span style=\"font-family: verdana, geneva, sans-serif;\">Tax Return Due Dates for C Corporation and Partnership Returns<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Partnership Tax Returns: <\/strong>Partnership tax returns that use Form 1065 for filing the returns must be filed by the 15<sup>th<\/sup> day of the third month after the tax year-end date. P<\/span><span style=\"font-family: verdana, geneva, sans-serif;\">artnership tax returns Form 1065 must be filed by the 15th day of the third month after the tax year-end date. For most partnership returns, that&#8217;s March 15<strong>. <\/strong>The earlier deadline gives partners a chance to receive Schedule K-1&#8217;s before the personal tax return due date.\u00a0<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>C-Corporation Tax Returns: T<\/strong>he new due dates for tax filing the corporate tax returns on Form 1120 are based on the fiscal tax year of the corporation.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"list-style-type: circle;\">\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">When the fiscal year-end of the corporation is 31<sup>st<\/sup> December, the new due date for the tax returns 2020: 15<sup>th<\/sup> April 2021.<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif;\">Fiscal year-end other than 31<sup>st<\/sup> December, the due date is 15<sup>th<\/sup> day of 4<sup>th<\/sup> month after the tax year-end.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Tax_Return_Due_Dates_of_2021\"><\/span><span style=\"font-family: verdana, geneva, sans-serif;\">Business Tax Return Due Dates of 2021<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Find the list of various types of business entities and their related tax return deadline for the year 2021.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Sole Proprietorship<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">Sole proprietorship kind of business is an extension of the individual to run the business, hence the year-end of this business entity is 31<sup>st<\/sup> December, and the tax return deadline is similar to the individuals, which is on 15<sup>th<\/sup> April 2021. This business file the income tax return on Schedule C, which comes as a part of a group of forms and schedules which go along with the individual\u2019s personal tax return.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Single-member LLC<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">Single-member LLC\u00a0 is taxed similar to that of a sole proprietorship using Schedule-C to evaluate the net income, hence the tax is due and the taxes must be payable on 15<sup>th<\/sup> April for the previous year. The deadline for the year Schedule C forms, with the owner\u2019s personal tax return, falls on 15<sup>th<\/sup> April 2021.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Partnership<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">The partnership tax return is reported as an information return through Form 1065 and the tax is owed on the individual partner tax return. Form 1065 is due on the 15<sup>th<\/sup> day of the 3<sup>rd<\/sup> month after the end of the tax year of the partnership.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>LLC<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">LLC is taxed as like that of partnership, so the partnership tax filing and the payment rules also applicable that includes the deadline 15<sup>th<\/sup> March 2021 Schedule K1. If your form is ending on March 30, as in the example above, July 15 is the deadline.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Corporation<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">Corporations that did not file the Subchapter S election can select any convenient date as the year-end of the business. The tax due is payable on the 15<sup>th<\/sup> day of the fourth month after the end of the company\u2019s fiscal tax year.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Subchapter S Corporation\u00a0<\/strong><\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif;\">Corporations that filed a Subchapter S election are taxed on the income tax returns of the owners. Hence an S corporation should generally consider a calendar year-end date that is on December 31, if not the corporation may give a reasonable business purpose for requesting a different date. The tax due date and the tax filing date are common for other corporations.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax due dates for various Business types in 2021 S-corporation tax\u00a0returns on IRS Form 1120- S:15thMarch, 2021 C-corporation tax returns on IRS Form 1120: for year-end corporations, the due date is 15th April 2021. Partnership tax returns on IRS Form 1065 along with the Schedule K-1s: 15th March 2021 Single-member LLC and Sole Proprietorship returns [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108],"tags":[],"class_list":["post-72","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-file-7004"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/72","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/comments?post=72"}],"version-history":[{"count":0,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/72\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media\/817"}],"wp:attachment":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media?parent=72"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/categories?post=72"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/tags?post=72"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}