Major Tax Deadlines For January 2009
January 15 - Final 2008
individual estimated tax payment is due, unless 2008 tax return is filed and
taxes are paid in full by February 2, 2009.
The following deadlines would
normally fall on January 31. Because January 31, 2009, is a Saturday, the
deadline moves to the next business day, which is February 2.
February 2 - Employers must provide 2008 W-2 statements
to employees.
February 2 - Payers must
provide 2008 Form 1099s to payees. (Brokers have until February 17 to provide
Form 1099-B and consolidated statements to customers.)
February 2 - Employers must
generally file Form 941 for the fourth quarter of 2008 and pay any tax
due.
February 2 - Employers must
generally file 2008 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 you or your business, contact our office at (336)
838-4100 or email JFaw@ConcordePlanning.com.
