Tax Calendar for Businesses & Self-Employed

 

January

Tu 17 Pay the final installment of your 2016 estimated tax – use Form 1040-ES.
Tu 17 Farmers and fishermen: Pay your estimated tax for 2016. Use Form 1040-ES.
Tu 31 Individuals: File your tax return if you did not pay your last installment of estimated tax by Jan 17th (see Form 1040-ES)
Tu 31 File Form W-3 with Copy A of all Forms W-2 issued for 2016.
Tu 31 Furnish Forms 1098, 1099 and W-2G to recipients for certain payments during 2016. Furnish Form W-2 to employees who worked for you during 2016.
Tu 31 File Forms 940, 941, 943, 944 and/or 945 if you did not deposit all taxes when due.

 

February

Fr 10 File Forms 940, 941, 943, 944 and/or 945 if you timely deposited all required payments.
We 15 File a new Form W-4 if you claimed exemption from income tax withholding in 2016.
We 15 Furnish Forms 1099-B, 1099-S and certain Forms 1099-MISC to recipients.
Th 16 Begin withholding on employees who claimed exemption from withholding in 2016 but did not file a W-4 or W-4(SP) to continue withholding exemption in 2017.
Tu 28 File Form 1096 along with Copy A of Form W-2G issued during 2016.
Tu 28 Applicable Large Employer: File paper Forms 1094-C and 1095-C; For all other providers file paper Forms 1094-B and 1095-B with the IRS

 

March

We 1 Farmers and fishermen: File Form 1040 and pay any tax due. However, you have until Apr 18 to file if you paid your 2016 estimated tax payments by Jan 17, 2017.
Th 2 Applicable Large Employers provide Forms 1095-C to full time employees; For all other providers of Minimum Essential Coverage, provide Forms 1095-B to responsible individuals.
We 15 S Corps: File Form 1120S for calendar year and pay any tax due. Give copy of Sch. K-1 to each shareholder. File Form 2553 to elect S Corp status beginning with calendar year 2017. For automatic 6-month extension, file Form 7004 and deposit estimated tax.
We 15 Partnerships: File Form 1065 for the calendar year and furnish a copy of Sch. K-1 to each partner. File Form 7004 for extension (see instructions).
We 15 Electing Large Partnerships: File Form 1065-B calendar year return. Furnish Sch. K-1 to each partner. File Form 7004 for extension (see instructions).
Fr 31 Electronically file Forms W-2, W-2G, 1098, 1099, 8027, 1094-C, 1095-C, 1094-B, and 1095-B.

 

April

Tu 18 Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2017 estimated tax – Use Form 1040-ES.
Tu 18 Corporations: File Form 1120 for calendar year and pay any tax due. For automatic 5-month extension, file Form 7004 and deposit estimated tax.
Tu 18 Household Employers: File Sch. H with Form 1040 if you paid $2,000 or more to a household employee.
Tu 18 Corporations: Deposit the first installment of your 2017 estimated tax.

 

We can help you maintain your books, stay organized and keep you prepared for tax season. Give us a call for free consultation.

 

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