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moreIn our March and April 2021 Tax Alerts, we analyzed the scope of the deadline extensions recently announced by the IRS and the Puerto Rico Treasury Department for 2020 income tax returns and income tax payments. Various local tax authorities and governmental agencies have declared additional extensions for annual dues, and reports for individuals and businesses after said publications.
Furthermore, the federal government has also extended the deadline for applying for various economic aids, including the Paycheck Protection Program. The following is a summary of current deadline extensions.
|
Tax Filing/Program |
Tax Form |
Original Due Date |
Extended Deadline |
|
U.S. Income Tax Returns |
Form 1040 Series |
Abril 15, 2021 |
May 17, 2021 |
|
Puerto Rico Income Tax Returns for Pass-Through Entities |
Form 480.20(EC) |
March 15, 2021 |
April 15, 2021 |
|
Income Tax Returns for Taxpayers with an original due date of April 15, 2021 |
Form 480.20 Form 482.0 |
April 15, 2021 |
May 17, 2021 |
|
Income Tax Return for Taxpayers with Fiscal Year or Short Year for 2020 with an April 15 deadline. |
As applicable |
April 15, 2021.
|
May 17, 2021 |
|
Income Tax Return for Non-For-Profit Entities |
Form 480.70(OE) |
June 15, 2021 |
Not yet extended. |
|
Income Tax for Corporations with a Tax Grant (Exempt Corporations) |
Form 480.3(II)DI |
June 15, 2021 |
Not yet extended. |
|
First Installment of the 2021 Estimated Tax |
Form 480.E-1 |
April 15, 2021 |
June 15, 2021 |
|
Second Installment of the 2021 Estimated Tax |
Form 480.E-1 |
June 15, 2021 |
June 15, 2021 |
|
Second Tax Installment Payment for Certain Individuals
|
As applicable |
October 15, 2021 |
November 17, 2021 |
|
Volume of Business Declaration (Municipal) |
As applicable. |
April 22, 2021 |
May 24, 2021 |
|
Corporate Annual Report (Dept. of State) |
N/A |
April 15, 2021 |
May 17, 2021 |
|
Personal Property Tax Return |
Form AS-29 |
May 17, 2021 |
Not yet extended. |
|
Paycheck Protection Program (PPP) Loan Application |
N/A |
March 31, 2021 |
May 31, 2021 |
Our tax advisors can help with this and other tax-related topics. Contact them by email at [email protected] or phone at 787-751-6164.