IRS Tax Deadline Extensions and American Rescue Plan Act

We hope you are well and have recovered from the severe February winter storms. 

We are reaching out to share some good news. Here is the shortlist. Please scroll down for additional details and links to full news releases.

  • IRS has extended tax deadlines to June 15, 2021, for Texas businesses and individuals due to the severe winter storms.
  • The American Rescue Plan Act of 2021, a 1.9 trillion dollar relief package, was signed into law by President Biden yesterday. 
  • Texas Workforce Commission (TWC) has postponed tax payment due dates and rate adjustments for Texas employers.
  • We welcome your referrals and have openings for new bookkeeping client work.
  • Our team is available to answer your questions and support your business needs during these ever-changing times.

The IRS is extending tax deadlines for victims of Texas winter storms.

Automatic filing and penalty relief are granted to any taxpayer with an IRS address of record located in the state of Texas. Taxpayers do not need to contact the IRS. 

Eligible taxpayers impacted by the severe winter storms have until TuesdayJune 15, 2021, to file individual tax returnsbusiness tax returnsquarterly estimated tax paymentsquarterly payroll and excise tax returns.

Additionally, 2020 IRA contributions have been extended to Tuesday, June 15, 2021. 

Details on other returns, payments, and tax-related actions that qualify for extensions can be found here: IRS Disaster Relief Page.

Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses (example: the February 2021 ice storm) may claim them on either:

a) the return for the year the loss occurred (i.e. on the 2021 tax return filed in 2022)


b) claim these losses on the 2020 tax return this tax season.**

**Include FEMA declaration number – 4586 – on any return claiming a loss. See Publication 547 for details. 

For more information on disaster recovery, visit

See the original IRS publication for full details.  

The American Rescue Plan Act of 2021 was signed into law yesterday after being passed by the U.S. House and Senate earlier in the week. 

The 1.9 trillion dollar relief package was signed into law by President Biden yesterday, Thursday, March 11, 2021.

There are a number of small business provisions in the plan, including PPP funding, restaurant support, and targeted Economic Injury Disaster Loan (EIDL) advances. You can read an overview of the bill here, and more details about the tax components of the plan here.

The Texas Workforce Commission (TWC) has postponed tax due dates and the annual rate adjustment for Texas employers. 

New Texas unemployment tax rates will be issued in late June 2021. 

Due dates for first and second quarter Texas unemployment tax payments have also been extended, however, report due dates remain the same. 

Read the full news release from TWC and check your email for additional notices directly from TWC.

Wages Paid

Quarter Ends

Report Due (No Change)

Payment Due


Mar 31

Apr 30, 2021

Aug 2, 2021


Jun 30

Aug 2, 2021

Sept 30, 2021

We have a few openings for new bookkeeping clients and welcome your referrals.  

If you know a small business in need of assistance, please share this information with them. It would be greatly appreciated.  We thank you for your trust in us!

Our team is available to answer your questions and demystify the new federal and state small business opportunities and guidance during these ever-changing times.

We know that this rapidly changing environment can be challenging for small businesses. We urge you to reach out to your current DMR bookkeeper or CPA, to assist in navigating these changes. 

Additionally, our Virtual Client Services Coordinator, Carrie Jareed, is available to answer your account questions and onboard potential new clients. Please do not hesitate to contact her at, or reach out to us via our DMR Client Online Solutions Box.

We are here for you and are happy to help!

DMR Accounting & Consulting – Our Purpose and Values

Happy New Year! Important PPP Loan and Tax Deadline Information

Happy New Year!

We wish you a joyful and prosperous 2021.

We have exciting news from the Small Business Administration (SBA). They announced that the Paycheck Protection Program (PPP) has resumed and will remain open through March 31, 2021. 

The next round of PPP loans has $284.5 billion available, including $35 billion for first-time borrowers. 

Costs eligible for loan forgiveness include:

  • Payroll, mortgage interest, rent, utility payments
  • PPE and costs to comply with COVID-19 safety guidelines
  • Covered supplier costs (i.e. essential operations expenditures)
  • Covered operations expenditures (i.e. software, cloud computing, other HR/accounting)
  • Covered property damage costs

Borrowers can choose a covered period for loan forgiveness that is between 8 and 24 weeks. 

More Good News!

If you already received a PPP loan during the first round of funding, the amount that is forgiven will NOT be taxable!

This is a brief summary. Please see the SBA website for full details of the Paycheck Protection Program and/or reach out to us for support…we are here for you!

Tax Deadlines…

The new year also means tax deadlines are fast approaching. For your convenience, here is a list of the upcoming deadlines:

Employers or Institutions (IRS Form W-2 and Form 1099)

These must be sent to employees or independent contractors by Monday, February 1, 2021, to avoid penalties.

The IRS has released a new Form 1099-NEC for nonemployee compensation for 2020.  Form 1099-NEC replaces Form 1099-MISC for nonemployee compensation only. Please let us know as soon as possible if you would like our assistance with the mapping setup required in your accounting software to be compliant with this new form.  Form 1099-NEC is due Monday, February 1, 2021, the same as Form 1099-MISC.

Individuals (IRS Form 1040)

These are due by Thursday, April 15, 2021. For an automatic extension, file Form 4868, and deposit estimated tax by the same date. The extension is only for filing the return. You must submit an estimated payment amount by April 15, 2021, if you expect to owe additional income tax.  


Estimated Tax Payments

Form 1040-ES, Estimated Tax for Individuals

Payment Period Due Date
October 1 – December 31, 2020 Friday, January 15, 2021
January 1 – March 31, 2021 Thursday, April 15, 2021
April 1 – May 31, 2021 Tuesday, June 15, 2021
June 1 – August 31, 2021 Wednesday, September 15, 2021
September 1 – December 31, 2021 January 15* of the following year. *See January payment in Chapter 2 of Publication 505, Tax Withholding and Estimated Tax
Fiscal-Year Taxpayers If your tax year doesn’t begin on January 1, see the special rules for fiscal year taxpayers in Chapter 2 of Publication 505

Partnership returns (IRS Form 1065)

These are due Monday, March 15, 2021. The extended deadline is Sept. 15, 2021. 

Form 1065, U.S. Return of Partnership Income

S-Corporation returns (IRS Form 1120-S)

These are due Monday, March 15, 2021. The extended deadline is Sept. 15, 2021. If an entity operates on a fiscal year rather than a calendar year, the return is due on the 15th day of the fourth month following the end of the fiscal year. 

Form 1120-S, U.S. Income Tax Return for an S Corporation

C-Corporation returns (IRS Form 1120)

These are due Thursday, April 15, 2021. The extended deadline is Oct. 15, 2021. If an entity operates on a fiscal year rather than a calendar year, the return is due on the 15th day of the fourth month following the end of the fiscal year.  

Form 1120, U.S. Corporation Income Tax Return

Texas Franchise Tax

Annual franchise tax reports are due Monday, May 17, 2021. When tax due dates fall on a weekend or holiday, the due date will be the next business day. There are distinctions between Non-EFT and EFT Franchise Taxpayers. You can see more information on the Texas Comptroller tax page.

Please reach out to your DMR Accounting and Bookkeeping Services team member if you have questions about the above deadlines. 

You are also welcome to contact Carrie Jareed, our Virtual Client Services Coordinator at, or reach out to us via our DMR Client Online Solutions Box

We look forward to partnering with you again for your business and financial success in 2021.

Wishing you a happy, healthy, and prosperous new year!