" Publication 505 (2020), Tax Withholding and Estimated Tax." Accessed April 12, 2021. " Extension of Time To File Your Tax Return." Accessed April 12, 2021. " Shareholder's Instructions for Schedule K-1 (Form 1120-S) (2020)." Accessed April 12, 2021. " 2020 Instructions for Schedule C (2020)." Accessed April 12, 2021. " IRS Announces Tax Relief for Texas Severe Winter Storm Victims." Accessed April 12, 2021. Partnerships (and LLCs taxed as them) are obligated to file Forms 1065 for each tax year in which the partnership (1) had recognizable income, regardless of whether tax is owed on that income, or (2) sustained losses that any partner(s) wish to claim. " Tax Day for Individuals Extended to May 17 Treasury, IRS Extend Filing and Payment Deadline." Accessed April 12, 2021. Assuming your LLC is a multi-member LLC that has not elected to be taxed as a corporation, it is taxed by default as a partnership. Sole proprietors file Schedule C with their personal tax returns to arrive at their net taxable business incomes. Its year-end is December 31, and the tax return due date is the same as the individual's-normally April 15, except it's May 17 in 2021. 2020 Tax-exempt organization returns normally due May 17Ī sole proprietorship business is an extension of the individual taxpayer who owns and runs it.
2021 Quarterly payroll and excise tax returns normally due on April 30.2021 Quarterly estimated income tax payments due April 15.2020 business and personal tax returns due April 15.This extension applies to the entire state of Texas and other states that include declared winter storm disaster areas. The IRS has announced that it is extending the April 15, 2021, tax filing and payment deadlines for victims of February 2021 winter storms in Texas, Oklahoma, and Louisiana, beginning February 11, 2021, to June 15, 2021.
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