Major
Tax Deadlines For March 2009
March 2 - Farmers and fishermen who did not make
2008 estimated tax payments must file 2008 tax returns and pay taxes in
full.
March 2 - Payors must file information returns
(such as 1099s) with the IRS. (Electronic filers have until March 31 to
file.)
March 2 - Employers must send W-2 copies to the
Social Security Administration. (Electronic filers have until March 31 to
file.)
March 8 - Daylight Saving Time begins.
March
16 - 2008 calendar-year
corporation income tax returns are due.
March
16 - Deadline for
calendar-year corporations to elect S corporation status for 2009.
March
31 - Deadline for payors
who file electronically to file 2008 information returns (such as 1099s) with
the IRS.
March
31 - Deadline for
employers who file electronically to send copies of 2008 W-2s to the Social
Security Administration.
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.
