Major Tax Deadlines For
January 2008
January 15 - Final 2007 individual
estimated tax payment is due, unless 2007 tax return is filed and taxes are
paid in full by January 31, 2008.
January 31 - Employers must provide 2007
W-2 statements to employees.
January 31 - Payers must provide 2007 Form
1099s to payees.
January 31 - Employers must generally file
Form 941 for the fourth quarter of 2007 and pay any tax due.
January 31 - Employers must generally file
2007 federal unemployment tax returns and pay any tax 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, if
you owe $2,500 or less for the calendar quarter, or if your estimated annual
liability is $1,000 or less.
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 email JFaw@ConcordePlanning.com.
