2019 Q1 tax calendar: Key deadlines for businesses and other employers

<h2 style="text-align: left; color: #14a73c; font-size: 26px;"> 2019 Q1 tax calendar: Key deadlines for businesses and other employers</h2>

Here are some of the critical tax-related deadlines affecting other employers and businesses during the first quarter of 2019. Consider that this list is not all-inclusive, so there may be additional deadlines that apply to you. To learn more about the filing requirements and to ensure you are meeting all applicable deadlines, contact us.
January 31
• File 2018 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and give copies to your employees.
• Give copies of 2018 Forms 1099-MISC, “Miscellaneous Income,” to recipients of income from your business where necassary.
• File 2018 Forms 1099-MISC reporting non-employee compensation payments in Box 7 with the IRS.
• File Form 940, “Employer’s Annual Federal Unemployment (FUTA) Tax Return,” for 2018. You can either pay it with your return or deposit it if your undeposited tax is $500 or less. If it is more than $500, you need to deposit it. However, you have until February 11 to file the return if you deposited the tax for the year in full and on time.
• File Form 941, “Employer’s Quarterly Federal Tax Return,” to report Social Security, Medicare and income taxes withheld in the fourth quarter of 2018. You can pay it in full with a timely filed return if your tax liability is less than $2,500. You have until February 11 to file the return if you deposited the tax for the quarter in full and on time. (you might be eligible to file Form 944, “Employer’s Annual Federal Tax Return,” if you are an employer that has an estimated annual employment tax liability of $1,000 or less.)
• File Form 945, “Annual Return of Withheld Federal Income Tax,” for 2018 to report income tax withheld on all non-payroll items, including backup withholding and withholding on accounts such as pensions, annuities, and IRAs. If your tax liability is below $2,500, you can pay it in full with a timely filed return. You have until February 11 to file the return if you deposited the tax for the year in full and on time, .
February 28
• File 2018 Forms 1099-MISC with the IRS if 1) you are not required to file it earlier and 2) you are filing paper copies. (Otherwise, the filing deadline is April 1.)
March 15
• If a calendar-year partnership or S corporation, file or extend your 2018 tax return and pay any tax due. If you do not get the return extended, this is also the last day to make 2018 contributions to pension and profit-sharing plans.
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Ben R Shull CPA LLC provides clients with tax, transaction, and advisory services. The insights and quality services we deliver help lead our clients through the next generation of changes, and accelerate growth while reducing risk. CPA Katy, TX.