Keeping track of when different taxes are due can be an overwhelming experience. If you pay your taxes late or incorrectly you can incur fees and lots of hassle. There are reoccurring dates that need to be done every month or every quarter for both personal taxes and business taxes. Numerico PC provides a brief of overview of many tax due dates throughout the year. For more specific information or a full disclosure of every tax due date that is applicable to your or your business, please see www.irs.gov.
Monthly Tax Due Dates:
– On the 11th of every month employees who report tips need to report them to their employer using Form 4070.
– Sales tax must be paid before the 20th of the month for the prior month. You also you need to file an annual report before February 28th for the previous year.
Quarterly Tax Due Dates:
– Withholding tax must be paid on or before the 20th day of the month for the previous quarter.
February Tax Due Dates:
– February 15th individual income tax exemptions from the last year must file another form W-4 to continue receiving an exemption for another year.
– February 28th businesses must file Form 1099 for certain payments that were made in the previous year.
March Tax Due Dates:
– March 1st farmers and fishermen income tax is due using Form 1040.
– March 15th corporate income tax is due using Form 1120.
April Tax Due Dates:
-April 1st electronic filing of Forms 1097, 1098, 1099, 3921, 3922 and W-2G. This due date applies only if you file electronically.
-April 15th individuals income tax return for 2012 (Form 1040, 1040A, or 1040EZ) and pay any tax due.
June Tax Due Dates:
– June 17th If you 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.
Please do not hesitate to contact the tax advisers at Numerico PC for more information, help with locating forms or any questions that you have. The team of accountants are ready and able to help you with all of your tax preparation and filing needs!
