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January 2014: Employer’s business tax calendar

by on
in Office Management,Payroll Management

NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.

Semiweekly and monthly deposits are for the deposits of FICA and withheld income taxes due on wages paid during the time periods indicated.

Jan. 2     

Semiweekly deposit for wages paid on Dec. 25, 26 and 27.

Jan. 6     

Semiweekly deposit for wages paid on Dec. 28, 29, 30 and 31.

Jan. 8     

Semiweekly deposit for wages paid on Jan. 1, 2 and 3.

Jan. 10     

Semiweekly deposit for wages paid on Jan. 4, 5, 6 and 7.

Employees who work for tips. If employees received $20 or more in tips during ­December, they should report them to you on Form 4070.

Jan. 15     

Semiweekly deposit for wages paid on Jan. 8, 9 and 10.

Monthly deposit for wages paid in December, if the semiweekly deposit rule didn’t apply.

Jan. 17   

Semiweekly deposit for wages paid on Jan. 11, 12, 13 and 14.

Jan. 23     

Semiweekly deposit for wages paid on Jan. 15, 16 and 17.

Jan. 24     

Semiweekly deposit for wages paid on Jan. 18, 19, 20 and 21.

Jan. 29     

Semiweekly deposit for wages paid on Jan. 22, 23 and 24.

Jan. 31     

Semiweekly deposit for wages paid on Jan. 25, 26, 27 and 28.

All employers. Give employees (or post) their copies of Form W-2 for 2013; give retirees their copies of Form 1099-R; give annual information statements, Forms 1099 Series, to recipients of other payments you made in 2013 (Feb. 18 for attorney forms). Forms 1099 may be provided electronically, with recipients’ consent. Employers with incentive stock option plans provide employees with Form 3921; employers with employee stock purchase plans provide employees with Form 3922. File Form 940 for 2013. If the undeposited FUTA tax is $500 or less, you can pay it with your return or deposit it. If it’s more than $500, you must deposit it. If you deposited the tax for the year in full and on time, you have until Feb. 10 to file the return.

File Form 945 to report income tax withheld in 2013 from nonpayroll items, including backup withholding and withholding on pensions and annuities. Deposit any undeposited tax. If the total is less than $2,500 and not a shortfall, you can pay it with the return. If you deposited the tax for the year in full and on time, you have until Feb. 10 to file the return.

Quarterly filers, file Form 941 for the fourth quarter of 2013. Deposit any undeposited tax. If the total is less than $2,500 and not a shortfall, you can pay it with the return. If you deposited the tax for the quarter in full and on time, you have until Feb. 10 to file the return.

Annual filers, file Form 944 for 2013. Deposit any undeposited tax. If the total is less than $2,500 and not a shortfall, you can pay it with the return. If you deposited the tax for the year in full and on time you have until Feb. 10 to file the return.

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