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By Donna Holm, CPA, MST, Associate of Harless & Associates –
With 2014 well underway and tax season just around the corner, here are some important tax dates to keep in mind.
For Small Businesses
January 31 – Furnish Forms 1098, 1099 and W-2G to recipients for certain payments during 2013. Furnish Form W-2 to employees who worked for you during 2013.
February 14 – File a new Form W-4 if you claimed exemption from income tax withholding in 2013.
March 17 – Corporations: Deposit the first installment of your 2014 estimated tax; State estimated follows.
March 17 – Electing Large Partnerships: Furnish Sch. K-1 (Form 1065-B) to each partner.
March 17 – S Corporations: File Form 1120S for 2013 calendar year and pay any tax due. Furnish a copy of Sch. K-1 to each shareholder. File Form 2553 to elect S Corporation status beginning with calendar year 2014.
April 15 – Partnerships: File 2013 Form 1065 and furnish a copy of Sch. K-1 to each partner.
April 30 – File Form 941 for the 1st quarter of 2014 and FL Form UCT-6 for Unemployment Tax on first $8,000 of wages.
June 16 – Corporations: Deposit the second installment of your 2014 estimated tax. State estimated follows.
July 31 – File Form 941 for the 2nd quarter of 2014 and FL Form UCT-6 for Unemployment Tax.
August 1 – File 2012 Form 5500 or 5500-EZ.
September 15 – Corporations: Deposit the third installment of your estimated tax for 2014. State estimated follows.
September 15 and October 15 – Many extensions expire. If an extension was granted, be sure to file necessary forms.
December 15 – Corporations: Deposit the fourth installment of your estimated tax for 2014. State estimated follows.
For Individuals
January 31 – File your tax return if you did not pay your last installment of estimated tax by January 15.
February 14 – File a new Form W-4 if you claimed exemption from income tax withholding in 2013.
April 15 – Individuals: File 2013 Form 1040, 1040A or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2014 estimated tax.
June 16 – Individuals (outside the U.S.): File 2013 Form 1040.
June 16 – Individuals: Pay the second installment of estimated tax for 2014.
August 1 – File 2013 Form 5500 or 5500-EZ.
September 16 – Individuals: Pay the third installment of your estimated tax for 2014.
October 15 – Individuals: File 2013 Form 1040, 1040A or 1040EZ if you timely requested a 6-month extension.
January 15, 2015 – Individuals: Pay the fourth installment of your estimated tax for 2014.
For more information go:
www.HarlessandAssociates.com
Esperante Corporate Center . 222 Lakeview Avenue, Suite 1750 . West Palm Beach, FL 33401
(561) 666-4200 . HarlessandAssociates.com
