Blog | WM. F. Horne & Company, PLLC

06Feb2015

February 2015 Due Dates

tax-time-300x3001
February 2015 Individual Due Dates

 

If you don’t already have a tax appointment scheduled with our office, you should call to make an appointment that is convenient for you. 

February 10 – Report Tips to Employer 

If you are an employee who works for tips and received more than $20 in tips during January, you are required to report them to your employer on IRS Form 4070 no later than February 10.

Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 12 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.

February 17 – Last Date to Claim Exemption from Withholding 

If you claimed an exemption from income tax withholding last year on the Form W-4 you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year. 

 

February 2015 Business Due Dates

 

February 10 – Non-Payroll Taxes

File Form 945 to report income tax withheld for 2014 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. 

February 10 – Social Security, Medicare and Withheld Income Tax 

File Form 941 for the fourth quarter of 2014. This due date applies only if you deposited the tax for the quarter in full and on time. 

February 10 – Certain Small Employers 

File Form 944 to report Social Security and Medicare taxes and withheld income tax for 2014. This due date applies only if you deposited the tax for the year in full and on time. 

February 10 – Federal Unemployment Tax 

File Form 940 for 2014. This due date applies only if you deposited the tax for the year in full and on time. 

February 17 – Social Security, Medicare and Withheld Income Tax 

If the monthly deposit rule applies, deposit the tax for payments in January. 

February 17 – Non-Payroll Withholding
 
If the monthly deposit rule applies, deposit the tax for payments in January.

February 17 – All Employers 

Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2014, but did not give you a new Form W-4 to continue the exemption this year. 

  • 6 Feb, 2015
  • Jacqueline Cran
  • 0 Comments

Share This Story

Categories

Comments