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08Jan2015

January 2015 Due Dates


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January 2015 Individual Due Dates


January 9 – Time to Call For Your Tax Appointment
 

January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you do so before the calendar becomes crowded.

January 12 – Report Tips to Employer 

If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to your employer on IRS Form 4070 no later than January 12.

January 15 – Individual Estimated Tax Payment Due 

It’s time to make your fourth quarter estimated tax installment payment for the 2014 tax year.

January 15 – Farmers & Fishermen Estimated Tax Payment Due 

If you are a farmer or fisherman whose gross income for 2013 or 2014 is two-thirds from farming or fishing, it is time to pay your estimated tax for 2014 using Form 1040-ES. You have until April 15, 2015 to file your 2014 income tax return (Form 1040). If you do not pay your estimated tax by January 15, you must file your 2014 return and pay any tax due by March 2, 2015 to avoid an estimated tax penalty.

January 2015 Business Due Dates

January 15 – Employer’s Monthly Deposit Due

If you are an employer and the monthly deposit rules apply, January 15 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for December 2014. This is also the due date for the nonpayroll withholding deposit for December 2014 if the monthly deposit rule applies. Employment tax deposits must be made electronically (no more paper coupons), except employers with a deposit liability under $2,500 for a return period may remit payments quarterly or annually with the return.

  • 8 Jan, 2015
  • Caitlin Love
  • 0 Comments

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