Becky
VIP Member
- Joined
- Aug 26, 2011
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General
March 10
Employees who work for tips: If you received $20 or more in tips during February, report them to your employer. You can use Form 4070.
March 15
Corporations: File a 2015 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes.
S corporations: File a 2015 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of their Schedule K1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or substitute Schedule K1 (Form 1120S). To request an automatic 6 month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in tax. Then file the return; pay any tax, interest, and penalties due; and provide each shareholder with a copy of their Schedule K1 (Form 1120S) by September 15.
S corporation election: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2016. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2017.
Electing large partnerships: Provide each partner with a copy of Schedule K1 (Form 1065B), Partner's Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K1. This due date applies even if the partnership requests an extension of time to file the return (Form 1065B) by filing Form 7004.
March 31
Electronic filing of Forms 1097, 1098, 1099, 3921, 3922, and W2G: File Forms 1097, 1098, 1099, 3921, 3922, and W2G with the IRS. This due date applies only if you file electronically. Otherwise, see February 29. The due date for giving the recipient these forms generally remains February 1. For information about filing Forms 1097, 1098, 1099, 3921, 3922, and W2G electronically, see Pub. 1220.
Employers
March 15
Social security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments in February.
Nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments in February.
March 31
Electronic filing of Forms W2: File copies of all the Forms W2 you issued for 2015. This due date applies only if you electronically file. Otherwise, see February 29. The due date for giving the recipient these forms remains February 1.
Electronic filing of Forms W2G: File copies of all the Forms W2G you issued for 2015. This due date applies only if you electronically file. Otherwise, see February 29. The due date for giving the recipient these forms remains February 1. For information about filing Forms W2G electronically, see Pub. 1220.
Electronic filing of Forms 8027: File Forms 8027 for 2015. This due date applies only if you electronically file. Otherwise, see February 29.
Excise
March 10
Communications and air transportation taxes under the alternative method. Deposit the tax included in amounts billed or tickets sold during the first 15 days of February.
March 14
Regular method taxes. Deposit the tax for the last 14 days of February.
March 25
Communications and air transportation taxes under the alternative method. Deposit the tax included in amounts billed or tickets sold during the last 14 days of February.
March 29
Regular method taxes. Deposit the tax for the first 15 days of March.
March 31
Wagering tax. File Form 730 and pay the tax on wagers accepted during February. Heavy highway vehicle use tax. File Form 2290 and pay the tax for vehicles first used in February.
______________________________________
The above information applies for Calendar Year taxpayers, and was taken from the IRS Tax Calendar for 2016, which can be found here: Publication 509: Tax Calendar 2016
The above list is a general overview and does not necessarily constitute a complete and accurate picture of your / your client's tax obligations for March. Care should be taken to ensure all deadlines are correctly adhered to.
March 10
Employees who work for tips: If you received $20 or more in tips during February, report them to your employer. You can use Form 4070.
March 15
Corporations: File a 2015 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes.
S corporations: File a 2015 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of their Schedule K1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or substitute Schedule K1 (Form 1120S). To request an automatic 6 month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in tax. Then file the return; pay any tax, interest, and penalties due; and provide each shareholder with a copy of their Schedule K1 (Form 1120S) by September 15.
S corporation election: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2016. If Form 2553 is filed late, S corporation treatment will begin with calendar year 2017.
Electing large partnerships: Provide each partner with a copy of Schedule K1 (Form 1065B), Partner's Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K1. This due date applies even if the partnership requests an extension of time to file the return (Form 1065B) by filing Form 7004.
March 31
Electronic filing of Forms 1097, 1098, 1099, 3921, 3922, and W2G: File Forms 1097, 1098, 1099, 3921, 3922, and W2G with the IRS. This due date applies only if you file electronically. Otherwise, see February 29. The due date for giving the recipient these forms generally remains February 1. For information about filing Forms 1097, 1098, 1099, 3921, 3922, and W2G electronically, see Pub. 1220.
Employers
March 15
Social security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments in February.
Nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments in February.
March 31
Electronic filing of Forms W2: File copies of all the Forms W2 you issued for 2015. This due date applies only if you electronically file. Otherwise, see February 29. The due date for giving the recipient these forms remains February 1.
Electronic filing of Forms W2G: File copies of all the Forms W2G you issued for 2015. This due date applies only if you electronically file. Otherwise, see February 29. The due date for giving the recipient these forms remains February 1. For information about filing Forms W2G electronically, see Pub. 1220.
Electronic filing of Forms 8027: File Forms 8027 for 2015. This due date applies only if you electronically file. Otherwise, see February 29.
Excise
March 10
Communications and air transportation taxes under the alternative method. Deposit the tax included in amounts billed or tickets sold during the first 15 days of February.
March 14
Regular method taxes. Deposit the tax for the last 14 days of February.
March 25
Communications and air transportation taxes under the alternative method. Deposit the tax included in amounts billed or tickets sold during the last 14 days of February.
March 29
Regular method taxes. Deposit the tax for the first 15 days of March.
March 31
Wagering tax. File Form 730 and pay the tax on wagers accepted during February. Heavy highway vehicle use tax. File Form 2290 and pay the tax for vehicles first used in February.
______________________________________
The above information applies for Calendar Year taxpayers, and was taken from the IRS Tax Calendar for 2016, which can be found here: Publication 509: Tax Calendar 2016
The above list is a general overview and does not necessarily constitute a complete and accurate picture of your / your client's tax obligations for March. Care should be taken to ensure all deadlines are correctly adhered to.