Tax Filing Reminders – December 2020

December 31st 

  • Deadline to complete 2020 tax-free gifts up to $15,000 per recipient
  • Deadline for paying expenses you want to deduct on your 2020 cash basis income tax return

February 1st

  • Due date for employers to furnish W-2 statements to employees and to file Forms W-2 with the Social Security Administration (both paper and electronic forms)
  • Due date for payers to provide Forms 1099-NEC to recipients and file with the IRS
  • Due date for payers to provide Forms 1099-MISC to recipients
  • Due date for employers to file 2020 federal unemployment tax returns and pay any tax due

March 1st

  • Due date for payers to provide Forms 1099-MISC to the IRS
  • Due date for payers to provide Forms 1095 to the IRS if paper filing (Note: the due date is March 31st if filing electronically)