While April 15 is commonly known as “Tax Day,” there are actually tax deadlines throughout the year depending on your individual tax and accounting situation. Here’s a list of deadlines you may need to keep in mind for 2018 and 2019.
10th of Every Month: Employees who work for tips should report all tips earned the previous month to their employers
15th of Every Month: If the monthly rule applies, businesses should deposit all all Social Security, Medicare and withheld income tax collected during the previous month.
January 15: Farmers & fishermen should pay your estimated tax for 2017 using Form 1040-ES Details
January 15: Individuals who did not pay income tax the previous year through withholdings should pay their estimated taxes by this date with Form 1040-ES Details
January 31: Employer deadline to give all employees who worked for you in the previous year their W2 forms. Also, any business that paid out reportable gambling winnings or withheld income tax from gambling winnings paid, should send those winners the W2G form by this date.
Jan. 31 – Feb. 10: Certain small employers should use File Form 944 (or Form 943 for Farm employers) to report social security and Medicare taxes and withheld income tax for 2017. If you underpaid, make a payment. If you paid in full on time during the year, you have until Feb. 10 to file a return.
Jan. 31 – Feb. 10: File Form 940 for Federal unemployment tax. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you deposited the tax for the year timely, properly, and in full, you have until Feb. 10 to file the return.
February 15: Individuals who claimed exemption from income tax withholding last year on the Form W-4 must file a new Form W-04 by this date to continue your exemption for another year Details
Feb. 28 – March 31: All employers should file Form W3, Transmittal of Wage and Tax Statements, along with Copy A of all the W2s you issued for 2017 by Feb. 28.. If you file W2 forms electronically, your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms remains Jan. 31.
Feb. 28 – March 31: Large food and beverage establishment employers should file Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, by Feb. 28. Use Form 8027T, Transmittal of Employer’s Annual Information Return of Tip Income and Allocated Tips, to summarize and transmit Forms 8027 if you have more than one establishment. If you file Forms 8027 electronically, your due date for filing them with the IRS will be extended to March 31.
March 1: Farmers & fishermen should file your 2017 income tax return (Form 1040) and pay any tax due. Details
March 15: S Corporations should file a 2017 calendar year income tax return (Form 1120S) and pay any tax due (Details) S Corporations should file Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2017. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2018.
March 15: Partnerships should file a 2017 calendar year return (Form 1065) Details
April 15: Individuals should file a 2017 income tax return (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want an automatic six-month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. For more information, see Form 4868. Then, file Form 1040, 1040A, or 1040EZ by Oct. 15.
April 15: Corporations should file a 2017 calendar year income tax return (Form 1120) and pay any tax due. (Details) Household employers who paid cash wages of $2,000 or more in the previous year to a household employee must file Schedule H (Details)
April 15: Individuals and businesses who do not pay taxes through withholdings and instead pay taxes on a quarterly basis should pay the first installment of the year’s estimated taxes using Form 1040ES.
April 30 – May 10: File Form 941 for the first quarter of 2018 for Social security, Medicare, and withheld income tax. Deposit or pay 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 quarter timely, properly, and in full, you have until May 10 to file the return.
April 30: Deposit the federal unemployment tax owed through March, if more than $500.
June 15: Individuals who are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. If you want additional time to file your return, file Form 4868 to obtain four additional months to file Details
June 15: Individuals who do not pay taxes through withholdings and instead pay taxes on a quarterly basis should pay the second installment of estimated taxes owed for the year. Details
Sept. 15: Individuals who do not pay taxes through withholdings and instead pay taxes on a quarterly basis should pay the third installment of estimated taxes owed for the year. Details
Oct. 15: Individuals who were granted an automatic six-month extension to file your income tax return for 2017, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due.
If you need assistance meeting any of these deadlines, don’t hesitate to contact us!