Major
Tax Deadlines For March 2010
March
1 - Farmers and fishermen who did not make 2009 estimated tax payments must
file 2009 tax returns and pay taxes in full.
March
1 - Payors must
file information returns (such as 1099s) with the IRS. (Electronic filers have
until March 31 to file.)
March
1 - Employers
must send W-2 copies to the Social Security Administration. (Electronic filers
have until March 31 to file.)
March
14 - Daylight
Saving Time begins.
March
15 - 2009
calendar-year corporation income tax returns are due.
March
15 - Deadline for
calendar-year corporations to elect S corporation status for 2010.
March
31 - Deadline for
payors who file electronically to file 2009 information returns (such as 1099s)
with the IRS.
March
31 - Deadline for
employers who file electronically to send copies of 2009 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.
