July 2020 Individual Due Dates

July 15 – Pay Federal Estimated Taxes for Both Q1 and Q2 2020

Individuals who are not paying their annual income tax through withholding should make quarterly estimated tax payments using Form 1040-ES or pay online at www.irs.gov/payments. In response to the coronavirus pandemic, both the first and second federal quarterly estimated tax payments were extended to July 15.

July 15 – File 2019 Federal Income Tax Return Form 1040

The April 15 deadline for filing and paying federal taxes was extended to July 15 in response to the coronavirus pandemic. In order to receive an automatic filing extension to October 15, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. This will give taxpayers until October 15 to file their federal income tax returns, Form 1040. Please note, a filing extension is not a payment extension.

July 15 – Indiana Individual Due Dates

Originally due April 15, the following individual tax returns, payments, and estimated tax payments are due by July 15: IT-40, IT-40PNR, IT-40RNR, IT-40ES, ES-40, and SC-40. Both the first and second Indiana quarterly estimated tax payments are due July 15 use payment vouchers or pay online at https://dorpay.dor.in.gov

June 2020 Business Due Dates

June 15 – Employer’s Monthly Deposit Due

If you are an employer and the monthly deposit rules apply, June 15 is the due date for you to make your deposit of Social Security, Medicare, and withheld income tax for May 2020. This is also the due date for the non-payroll withholding deposit for May 2020 if the monthly deposit rule applies. See note below:

Note: Under the CARES Act, employers…

• May be able to defer paying the employer’s 6.2% portion of the Social Security taxes through the end of 2020. The delay provisions apply to all employers regardless of the number of employees.
• May be able to receive tax credits against payroll tax and withholding for employees who received mandatory COVID-10 sick and family leave payments.
• May be able to receive tax credits against payroll tax for keeping employees on payroll under the Employee Retention Credit. This cannot be used in conjunction with a Paycheck Protection Plan loan so please consult your tax advisor. 

June 15 – Indiana Personal Property Tax Due

Governor Eric J. Holcomb, per Executive Order, suspended the deadline for submitting business personal property tax returns from May 15, 2020 until June 15, 2020.  A written extension request is not required.

July 2020 Business Due Dates

July 15 – Employer’s Monthly Deposit Due

If you are an employer and the monthly deposit rules apply, July 15 is the due date for you to make your deposit of Social Security, Medicare, and withheld income tax for June 2020. This is also the due date for the non-payroll withholding deposit for June 2020 if the monthly deposit rule applies. See note above.

July 15 – File 2019 Corporate Income Tax Return Form 1120

The April 15 deadline for filing and paying federal taxes was extended to July 15 in response to the coronavirus pandemic. Use Form 1120 to file a 2019 income tax return and pay any tax due.

July 15 – Pay Estimated Taxes

Corporations should make estimated tax payments for both the first and second quarters of 2020 by July 15. The standard deadlines were extended in response to the coronavirus pandemic. Form 1120-W can be used to help estimate a corporation’s tax for the year. In order to receive an automatic extension until October 15, file Form 7004, Application for Automatic Extension of Time To File.

July 15 – Indiana Corporate Due Dates

Originally due April 15, the following corporate tax returns, payments, and estimated payments are due July 15: IT-20, IT-41, IT-65, IT-20NP, T-20S, FIT-20, URT-1, IT-6, IT-6WTH, FT-QP, NP-20, and URT-Q. Please note: any payments originally due on May 15 are now due on August 17.