Tax Calendar

Tax Calendar-2019

WEEKENDS & HOLIDAYS:

If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.

03

Jan

2019

Time to Call For Your Tax Appointment

January is the beginning of tax season.

If you have not made an appointment to have your taxes prepared, we encourage you do so before the calendar becomes too crowded.

10

Jan

2019

Report Tips to Employer

If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to

your employer on IRS Form 4070 no later than January 10.

17

Jan

2019

Employer’s Monthly Deposit Due

If you are an employer and the monthly deposit rules apply, January 17 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for December 2016.

This is also the due date for the nonpayroll withholding deposit for December 2016 if the monthly deposit rule applies. Employment tax deposits must be made electronically (no paper coupons), except employers with a deposit liability under $2,500 for a return period may remit payments quarterly or annually with the return.

17

Jan

2019

Farmers & Fishermen Estimated Tax Payment Due

If you are a farmer or fisherman whose gross income for 2015 or 2016 is two-thirds from farming or fishing, it is time to pay your estimated tax for 2016 using Form 1040-ES.

You have until April 18, 2017 to file your 2016 income tax return (Form 1040). If you do not pay your estimated tax by January 17, you must file your 2016 return and pay any tax due by March 1, 2017 to avoid an estimated tax penalty.

17

Jan

2019

Individual Estimated Tax Payment Due

It’s time to make your fourth quarter estimated

tax installment payment for the 2016 tax year.

31

Jan

2019

1099-MISCs Due To Service Providers & the IRS

If you are a business or rental property owner and paid $600 or more to individuals (other than employees) as nonemployee compensation during 2016, you are required to provide Form 1099 to those workers by January 31.

“Nonemployee compensation” can mean payments for services performed for your business or rental by an individual who is not your employee, commissions, professional fees and materials, prizes and awards for services provided, fish purchases for cash, and payments for an oil and gas working interest. In order to avoid a penalty, copies of the 1099s also need to be sent to the IRS by January 31, 2017*. The 1099s must be submitted on optically scannable (OCR) forms. This firm prepares 1099s in OCR format for submission to the IRS with the 1096 submittal form. This service provides both recipient and file copies for your records. Please call this office for preparation assistance.

31

Jan

2019

Individual Estimated Tax Payment Due

If you paid either reportable gambling winnings or withheld income tax from gambling winnings,

give the winners their copies of the W-2G form for 2016.

31

Jan

2019

Employers - W-2s Due to All Employees & the Government

All employers need to give copies of the W-2 form for 2016 to their employees. If an employee agreed to receive their W-2 form electronically, post it on a website and notify the employee of the posting.

NEW DATE: W-2 Copy A and Transmittal Form W-3, whether filed electronically or by paper, are due January 31 to the Social Security Administration. This is a month earlier than in the past.

31

Jan

2019

File Form 941 and Deposit Any Undeposited Tax

File Form 941 for the fourth quarter of 2016. Deposit any undeposited Social Security, Medicare and withheld income tax.

(If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return.

31

Jan

2019

File 2016 Return to Avoid Penalty for Not Making 4th Quarter Estimated Payment

If you file your prior year’s return and pay any tax due by this date,

you need not make the 4th Quarter Estimated Tax Payment that was otherwise due earlier in January.

31

Jan

2019

File Form 943

All farm employers should file Form 943 to report Social Security, Medicare taxes and withheld income tax for 2016.

Deposit any undeposited tax. (If your tax liability is less than $2,500, you can pay it in full with a timely filed return.) If you deposited the tax for the year in full and on time, you have until February 10 to file the return.


This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.