April 2021 Business Due Dates

Helpful reminders for April 2021 business due dates.

April 15 – Household Employer Return Due

If you paid cash wages of $2,200 or more in 2020 to a household employee, you must file Schedule H. If you are required to file a federal income tax return (Form 1040 or 1040-SR), file Schedule H with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of 2019 or 2020 to household employees. Also, report any income tax that was withheld for your household employees. For more information, please call this office.

April 15 – Social Security, Medicare and Withheld Income Tax

If the monthly deposit rule applies, deposit the tax for payments in March.

April 15 – Non-Payroll Withholding

If the monthly deposit rule applies, deposit the tax for payments in March.

April 15 – C-Corporations

File a 2020 calendar year income tax return (Form 1120) and pay any tax due. If you need an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.. Form 7004 is the Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns. Filing this extension protects you from late filing penalties but not late payment penalties. Thus, why it’s important that you estimate your liability and deposit it using the instructions on Form 7004.

April 15 – C-Corporations

The first installment of 2021 estimated tax of a calendar year corporation is due.

April 15 – Fiduciary Returns

Last day to timely file a 2020 calendar year fiduciary return (Form 1041, U.S. Income Tax Return of Estates and Trusts) or file an extension.

April 15 – Last Day to Make IRA Contributions

Last day to make contributions to Traditional and Roth IRAs for tax year 2020.

April 30 – Social Security, Medicare and Withheld Income Tax

File Form 941 for the first quarter of 2021. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the quarter in full and on time, you have until May 10 to file the return.