2020 Tax Deadlines For C-Corp Startups

How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.

• JAN 31: Send 1099’s to Contractors. Send W2’s to Employees. 1099-MISC for nonemployee compensation must also be e-filed to IRS on this date.
• JAN 31: File Form 8809 for a 30-day extension to file W2’s and 1099-MISC for nonemployee compensation.
• JAN 31: All US startups must send1095-B and 1095-C forms to Employees.
• JAN 31: Claim R&D Tax Credits on Form 941, and file annual FUTA return on Form 940.
• FEB 28: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due APR 1 if eFiling). File Form 8809 for a 30-day extension.
• MAR 1: Delaware Annual Franchise Report filing due: Pay a min. of $400, +more if you have significant funding.
• MAR 2: IRS 30-day extension: provide Form 1095-B and Form 1095-C to Employees.
• APR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
• APR 1: 1099’s and W2’s must be e-filed with the IRS by this deadline.
• APR 15: C Corp Form 1120 Tax Return due. Can extend to OCT 15.
• APR 15: File the R&D Tax Credit Form 6765 with your tax return. Can extend the deadline to OCT 15.
• APR 30: Claim R&D Tax Credits on Form 941.
• JUN 1: Delaware Quarterly Estimated Franchise Tax, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
• JUL 31: Claim R&D Tax Credits on Form 941.
• SEP 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• OCT 15: C Corp Form 1120 Tax Return final tax deadline date if extension was filed.
• NOV 2: Claim your R&D Tax Credits on Form 941.
• DEC 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000)

How Much Does a Startup Tax Return Cost? Try Kruze Consulting Tax Preparation Pricing Tool.

If your Delaware C-Corp Austin funded startup needs tax help contact us today!

The 8 Most Important Startup Tax Deadlines

It’s unfortunate, but even early-stage, just founded companies can have compliance and regulatory filing requirements. And like it or not, it is very important to keep your company in compliance, because when that venture capital term sheet comes, or the M&A due diligence starts, you really want to make sure that you’re not sending negative signals and don’t do anything that might delay that transaction. Additionally, you open your company up to a lot of potential regulatory issues - you can lose your corporation, or get hit with a bunch of penalties or extra paperwork -  things that can distract you from building your company. 

So here are the most important compliance deadlines to keep track of:

• W2’s to employees
• 1099’s to all contractors
• Delaware Franchise Fee
• State Franchise Fees
• Federal & State Returns/Filings
• R&D Credit and related Studies
• Municipal or City Filings
• Sales Tax

Obviously this is a long list. But compliance really is a big deal. On average, one to three of our clients are acquired each and every month, and we know the types of questions that the accounting firms at big, public companies are going to ask about (you can access our free due diligence checklist here). And compliance is a big one! Don’t let a life-changing transaction get sidetracked by these types of issues. Of course, we recommend working with an experienced CPA like Kruze - talk to us now.

2019 Tax Compliance Deadlines For Delaware C-Corp Startups

2019 tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2020 or beyond. Always consult your tax professional, and see our disclaimer below. These are for Delaware C-Corporations. 

• JAN 31: Send 1099’s to Contractors. Send W2’s to Employees. 1099-MISC for nonemployee compensation must also be e-filed to IRS on this date.
• JAN 31: All C-Corps must send 1095-B and 1095-C forms to Employees.
• JAN 31: Claim R&D Tax Credits on Form 941 , and file annual FUTA return on Form 940.
• FEB 28: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due APR 1 if eFiling).
• MAR 1: Delaware Annual Franchise Report filing due: Pay a min. of $400, +more if your startup C-Corp has significant funding.
• MAR 1: IRS 30 day extension to provide Form 1095-B and 1095-C form’s to Employees.
• APR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
• APR 1: 1099’s and W2’s must be e-filed with the IRS by this deadline for all C-Corps.
• APR 15: C Corp Form 1120 Tax Return due. Can extend to Oct 15.
• APR 15: File the R&D Tax Credit Form 6765 with your startup’s tax return. Can extend the deadline to OCT 15.
• APR 30: Claim R&D Tax Credits on Form 941.
• JUN 3: Delaware Quarterly Estimated Franchise Tax, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000) - this is an important date for Delaware C-Corps.
• JUL 31: Claim R&D Tax Credits on Form 941.
• SEP 2: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000); another important date for startups incorporated in Delaware.
• OCT 15: C Corp Form 1120 Tax Return final tax deadline date if extension was filed.
• OCT 31: Claim your R&D Tax Credits on Form 941.
• DEC 2: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000) - take note Delaware C-Corps.