Major
Tax Deadlines For April 2003
April 1 - Deadline for taking your first
required IRA distribution if you turned 70½ in 2002. Unless you're still
working, this deadline also applies to your other retirement accounts (except
for Roth IRAs).
April 15 - Individual income tax returns for 2002
are due.
April 15 - 2002 calendar-year partnership returns
are due.
April 15 - 2002 annual gift tax returns are due.
April 15 - Deadline for making 2002 IRA
contributions.
April 15 - Deadline for employers to make
contributions to certain retirement plans.
April 15 - First installment of 2003 individual
estimated tax is due.
NOTE: Businesses are required to make federal tax deposits on dates
determined by various factors that differ from business to business.
Payroll tax deposits: Employers generally must deposit Form
941 payroll taxes (income tax withheld from employees' pay and both the
employer's and employees' share of social security taxes) on either a monthly
or semiweekly deposit schedule. There are exceptions if you owe $100,000 or
more on any day during a deposit period, or if you owe $2,500 or less for the
calendar quarter.
Monthly depositors are required to deposit payroll taxes
accumulated within a calendar month by the fifteenth of the following month.
Semiweekly depositors generally must deposit payroll taxes on
Wednesdays or Fridays, depending on when wages are paid.
For more information on tax deadlines that apply to
your business, contact our office at (336) 838-4100 or e-mail JFaw@ConcordePlanning.com.
