Tax Due Dates

2020 Tax Reporting Deadlines:

January 15 –       

• Individual and Corporate 4^thquarter estimated tax payments due for tax year 2019

January 31 –       

• 2019 W2s should be issued to employees and to the Social Security Administration
• 1099s should be issued to non-employees that you have paid $600 or more during 2019 and 1099s must be submitted to the government as well by this date
• Payroll quarterly reports due including forms 940, 941, and state reports

March 15 –          

• S Corporation and Partnership tax returns due that have a Dec 31 year end (forms 1120S, 1065)

April 15 –         

• Individual tax returns due (form 1040)
• Corporate tax returns due that have a Dec 31 year end (form 1120)
• Individual and Corporate 1^stquarter estimated tax payments due for 2020

April 30 –  

• Payroll quarterly reports due including forms 941, and state reports
• South Carolina or Horry County Business Personal Property tax returns

May 1 –  

• Horry County Business Licenses renewals due

May 15 –       

• Calendar Year Exempt Organization Returns due including forms 990, 990-EZ, 990-PF
• South Carolina Annual Report due for Calendar Year Exempt Organizations

June 1 –  

• City of Myrtle Beach Business Licenses renewals due
• City of Surfside Beach Business Licenses renewals due

June 15 –               

• Individual and Corporate 2^ndquarter estimated tax payments due for 2020

July 31 –  

• Payroll quarterly reports due including forms 941, and state reports

September 15 –     

• Individual and Corporate 3^rdquarter estimated tax payments due for 2020
• Extended S Corporation and Partnership tax returns due that have a Dec 31 year end (1120S, 1065 forms)

October 15 –      

• Extended Individual tax returns due (form 1040)
• Extended Corporate tax returns due that have a Dec 31 year end (form 1120)

October 31 –   

• Payroll quarterly reports due including forms 941, and state reports

November 15 –    

• Extended Calendar Year Exempt Organization Returns due including forms 990, 990-EZ, 990-PF
• Extended South Carolina Annual Report due for Calendar Year Exempt Organizations

As to payroll withholdings:

If you are a monthly depositor, your payment deposit is due by the 15^thday following each month.

If you are a semi-weekly depositor, your payment deposit is due on the Wednesday following your payroll date if your payroll day is on Wednesday, Thursday or Friday. Your payment deposit is due on the Friday following your payroll date if your payroll day is on a Saturday, Sunday, Monday or Tuesday.

Using the IRS EFTPS site, you should initiate the payment at least 1 day before the due date for it to be process by the due date without penalty.

As to Sales tax reporting:

Generally, all South Carolina sales tax reporting is due by the 20^thof the month for the previous month’s sales.