IRS DEADLINES

Individuals – April 15th, extended deadline is October 16th

Corporations – April 15th, extended deadline is October 15th

S-Corporations – March 15th, extended and final deadline is September 15th

Filing 1099s – January 31st (for business owners and freelancers) – No extension allowed

Partnerships – March 15th, extended and final deadline is September 15th

New York LLC – There’s a separate and special New York franchise tax form (IT-204-LL) due March 15th

As a reminder, you can file an extension for 6 months of additional time to file, but you need to make a payment to the IRS & State by the due date of the return to avoid Failure to File penalties. They’re about .5% of your unpaid tax per month (i.e $50 per month per $10,000 of unpaid tax). It’s even more important to pay New York by April 15th, as they won’t recognize the extension as even filed if you don’t pay and will charge you an additional 5% per month as Failure to File penalties (i.e. $500 per month per $10,000 of unpaid tax).