|
| |
January
During January
Employers
• Give your employees their copies of Form W-2 for 2000 as soon as
possible. The due date is January 31.
January 1, 2001
Federal Holiday
• New Year's Day
January 2, 2001
Employers
• Stop advance payments of the earned income credit for any employee
who did not give you a new Form W-5 for 2001.
Excise taxes
• Wagering tax: File Form 730 and pay the tax on wagers accepted
in November.
• Heavy highway vehicle use tax: File Form 2290 and pay the tax
(or the first installment) for vehicles first used in November.
January 15, 2001
Federal holiday
• Martin Luther King Jr. Day
January 16, 2001
Individuals
• Final installment of your 2000 estimated tax payments is due for
your personal income tax.
Farmers and fishermen
• Pay 2000 estimated tax in full.
Employers
• Social security, Medicare, and withheld income tax: If the
monthly deposit rule applies, deposit the tax for payments in December.
• Nonpayroll withholding: If the monthly deposit rule applies,
deposit the tax for payment in December.
January 31, 2001
Individuals
• You should have received W-2 forms.
• You should have received 1099 forms.
• File your income tax return for 2000 if you did not pay your last
installment of estimated tax by January 16th in order to prevent any penalty
for late payment of the last installment.
Farm employers
• File Form 943 to report social security, Medicare, and withheld
income tax for 2000. If you deposited the tax for the year in full and on
time, you have until February 12 to file the return.
Employers
• Give your employees their copies of Form W-2 for 2000.
• Federal unemployment tax: File Form 940 (or 940-EZ) for 2000.
If you have already deposited the tax for the year in full and on time, you
have until February 12 to file the return.
• Social security, Medicare, and withheld income tax: File Form
941 for the fourth quarter of 2000. If you deposited the tax for the quarter
in full and on time, you have 10 additional days to file the return.
• Nonpayroll taxes. File Form 945 to report income tax withheld
for 2000 on all non-payroll items, including backup withholding and
withholding on pensions, annuities, IRAs, gambling winnings, and payments of
Indian gaming profits to tribal members. If you deposited the tax for the year
in full and on time, you have until February 12 to file the return.
All businesses
• Issue Forms 1099 and other information forms covering 2000 payments
if required. See the 1999 Instructions for Forms 1099, 1098, 5498, and W-2G
for information on what payments are covered and when these statements are
required to be completed.
Excise taxes
• Fuel, luxury, retail, ship passenger, manufacturers, obligations,
vaccine, and foreign insurers taxes: File Form 720 for the fourth quarter
of 2000. However, if you also report communications, air transportation or
ozone-depleting chemicals taxes, file one Form 720 by February 28. Make a
special deposit if required.
• Wagering tax: File Form 730 and pay the tax on wagers
accepted during December.
• Heavy highway vehicle use tax: File Form 2290 and pay the tax
(or the first installment) for vehicles
first used in December.
February
February 12, 2001
Employees who work for tips
• If you received $20 or more in tips during January, report them to
your employer. You can use Form 4070, Employee's Report of Tips to Employer.
February 15, 2001
Individuals
• File a new W-4 to continue tax exemption status if you claimed
"Exempt" from federal tax withholding on your Form W-4 for 2000.
Employers
• Social security, Medicare, and withheld income tax: If the
monthly deposit rule applies, deposit the tax for payments in January.
• Nonpayroll withholding: If the monthly deposit rule applies,
deposit the tax for payments in January.
• Begin withholding income tax from the pay of any employee who
claimed exemption from withholding in 2000, but did not give you a new Form
W-4 to continue the exemption this year.
February 19, 2001
Federal holiday
• Presidents' Day
February 28, 2001
Employers
• File Form W-3, Transmittal of Wage and Tax Statements, along
with Copy A of all the Forms W-2 you issued for 2000. If you file Forms W-2
electronically, your due date for filing them with the SSA will be extended to
March 31.
All businesses
• File information returns (Forms 1098 and 1099) for payments you made
during 2000. There are different forms for different types of payments. Use a
separate Form 1096 to summarize and transmit the forms for each type of
payment. If you file Forms 1098 or 1099 electronically, your due date for
filing them with the IRS will be extended to March 31.
Payers of gambling winnings
• File Form 1096, Annual Summary and Transmittal of U.S.
Information Returns, along with Copy A of all the Forms W-2G you issued
for 2000. If you file Forms W-2G electronically, your due date for filing them
with the IRS will be extended to March 31.
Large food and beverage establishment employers
• File Form 8027, Employer's Annual Information Return of Tip
Income and Allocated Tips. Use Form 8027-T, Transmittal of Employer's
Annual Information Return of Tip Income and Allocated Tips, to summarize
and transmit Forms 8027 if you have more than one establishment.
Excise taxes
• Communications, ozone-depleting chemicals, and air transportation
taxes: File Form 720 for the fourth quarter of 2000.
• Wagering tax: File Form 730 and pay the tax on wagers
accepted during January.
• Heavy highway vehicle use tax: File Form 2290 and pay the tax
(or the first installment) for vehicles
first used in January.
March
March 1, 2001
Farmers and fishermen
• File your 2000 income tax return to avoid an underpayment penalty if
you owe estimated tax. You have until April 16 to file if you paid your 2000
estimated tax by January 16, 2001.
March 12, 2001
Employees who work for tips
• If you received $20 or more in tips during February, report them to
your employer. You can use Form 4070, Employee's Report of Tips to
Employer.
March 15, 2001
Employers
• Social security, Medicare, and withheld income tax: If the
monthly deposit rule applies, deposit the tax for payments in February.
• Nonpayroll withholding: If the monthly deposit rule applies,
deposit the tax for payments in February.
Corporations
• File a 2000 calendar year income tax return (Form 1120 or 1120-A)
and pay any tax due.
• If you want an automatic 6-month extension of time to file the
return, file Form 7004 and deposit what you estimate you owe.
S corporations
• File a 2000 calendar year income tax return (Form 1120S) and pay any
tax due.
• Provide each shareholder with a copy of Schedule K-1 (Form 1120S).
• If you want an automatic 6-month extension of time to file the
return, file Form 7004 and deposit what you estimate you owe.
S corporation election
• File Form 2553, Election by a Small Business Corporation, to
be treated as an S corporation beginning with calendar year 2001.
Electing large partnerships
• Provide each partner with a copy of Schedule K-1 (Form 1065-B). This
due date is effective for the first March 15 following the close of the
partnership's tax year. The due date of March 15 applies even if the
partnership requests an extension of time to file the Form 1065-B by filing
Form 8736 or Form 8800.
April
|
