Tax Calendar Jan-Feb 2014

January 15
Individuals. Make a payment of your estimated tax for 2013 if you
did not pay your income tax for the year through withholding (or did
not pay enough in tax that way). Use Form 1040-ES. This is the final
installment date for 2013 estimated tax. However, you don’t have to
make this payment if you file your 2013 return and pay any tax due by
January 31, 2014.
Employers. For Social Security, Medicare, withheld income tax, and
nonpayroll withholding, deposit the tax for payments in December
2013 if the monthly rule applies.
January 31
All businesses. Give annual information statements (Forms 1099) to
recipients of certain payments you made during 2013. Payments that are
covered include (1) compensation for workers who are not considered
employees, (2) dividends and other corporate distributions, (3) interest,
(4) rents, (5) royalties, (6) profit-sharing distributions, (7) retirement
plan distributions, (8) original issue discounts, (9) prizes and awards,
(10) medical and health care payments, (11) debt cancellations (treated
as payment to debtor), (12) payments of Indian gaming profits to tribal
members and (13) cash payments over $10,000. There are different
forms for different types of payments.
For nonpayroll taxes, file Form 945 to report income tax withheld
for 2013 on all nonpayroll items, such as backup withholding and
withholding on pensions, annuities, and IRAs.
For Social Security, Medicare, and withheld income tax, file Form 941
for the fourth quarter of 2013. Deposit or pay any undeposited tax. If
your tax liability is less than $2,500, you can pay it with the return. If
you deposited the tax for the quarter in full and on time, you have until
February 10 to file the return.
For federal unemployment tax, file Form 940 (or 940-EZ) for 2013.
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 already deposited the tax for the year in full and on
time, you have until February 10 to file the return.
FEBRUARY 2014
February 18
All businesses. Give annual information statements to recipients of
certain payments you made during 2013. This due date applies only to
the following types of payments: (1) amounts paid in broker and barter
exchange transactions, (2) amounts paid in real estate transactions,
(3) amounts paid to an attorney and (4) substitute payments in lieu of
dividends or interest.
Individuals. If you claimed exemption from income tax withholding
last year on the Form W-4 you gave your employer, you must file a new
Form W-4 to continue your exemption for another year.
February 28
All businesses. File information returns (for example, Forms 1099) for
certain payments you made during 2013. If you file the forms electronically
(not by magnetic media), your due date for filing them with the IRS is
March 31.
Employers. File Form W-3, along with Copy A of all the Forms W-2
you issued for 2013. If you file Forms W-2 electronically (not by
magnetic media), your due date