Tax Due Dates for March 2020

Monday, March 2

• Large food or beverage establishments: file Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips.
• File Form 2290, Heavy Highway Vehicle Use Tax Return and pay the tax for vehicles first used in January.
• Farmers and fishermen: File Form 1040, Individual Income Tax Return and pay any tax due. However, you have until April 15 to file if you paid your 2019 estimated tax payments by January 15, 2020.

Tuesday, March 10

• Employees who earned more than $20 in tips during February are required to report them to their employer

Monday, March 16

• Foreign Trusts with a US Owner: File calendar year Form 3520-A. For an automatic 6-month extension, file Form 7004.
• Foreign Persons with US Source Income: Your withholding agent should file Form 1042  for the calendar year as well as file Forms 1042-S and furnish a copy to the income recipients.
• S Corps: File Form 1120-S, US Income Tax Return for an S Corporation, for the calendar year and pay any tax due. Furnish Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc., to each shareholder. For an automatic 6-month extension, file Form 7004 and deposit the estimated tax. File Form 2553 to elect S Corp status beginning with calendar year 2020.
• Partnerships: File Form 8804, Annual Return for Partnership Withholding Tax and Forms 8805, Foreign Partner’s Information Statement of Section 1446 Withholding Tax, for a calendar year entity. For an automatic 6-month extension, file Form 7004.
• Partnerships: File Form 1065, US Return of Partnership Income and furnish a copy of Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc. to each partner. For an automatic 6-month extension, file Form 7004.

Tuesday, March 31

• Electronically file the following forms:
  • Gambling Income: W-2G
  • Affordable Care Act Reporting: 1094-C, 1094-B, 1095-B
  • Information Returns: 1097, 1098, 1099
  • Incentive Stock and Employee Stock Purchase Plans: 3921, 3922
  • Employers with Tip Income: 8027
• File Form 2290, Heavy Highway Vehicle Use Tax Return and pay the tax for vehicles first used in February