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2020 Tax due dates for exempt organizations

Exempt organizations, like corporations, individuals, and everything in between, must stay informed of important tax due dates.

Tax season can be stressful for everyone - even tax-exempt organizations. Exempt organizations, like corporations, individuals, and everything in between, must stay informed of important tax due dates. Watch out for these 2020 tax due dates for exempt organizations:

Tax Return Due Dates

Original return or 6-month extension due date (for calendar year Corporations) 5/17/2021 If there is a payment required with the return, it is due by the original due date of the tax return to avoid a late payment penalty and interest
Extended due date of Form 990-T 11/15/2021

Estimated Tax Due Dates

Q1 Estimated tax payment: 4/15/2021

Q2 Estimated tax payment: 6/15/2021

Q3 Estimated tax payment: 9/15/2021

Q4 Estimated tax payment: 12/15/2021

*If the Organization has a year-end other than 12/31, the original due date of the return is the 15th day of the 5th month after the end of its tax year

Don’t let one of these important dates slip your mind this year! KPMG Spark is in your corner, making sure your business is ready for tax season. Our bookkeepers can help you navigate your financials, from daily expenses to tax milestones. Be more prepared than ever for tax season and schedule a consult with us today!

Click here for more information about 2020 Tax due dates for multi-member LLCs (partnerships)

 

 The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG LLP.

This blog article is not intended to address or provide advice concerning the specific circumstances of any particular individual or entity and does not constitute an endorsement of any entity or its products or services.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.

Sam HunterPosted In: Tax Tips

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