Important Tax Dates for 2014

Monday, December 16, 2013

By Donna Holm, CPA, MST, Associate of Harless & Associates

For Small Businesses

  • Jan 6 – Begin depositing payroll tax and continue to do so on a semiweekly basis, or deposit once per month depending on the specific requirements of your business.
  • Jan 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.
  • Feb 14 - File a new Form W-4 if you claimed exemption from income tax withholding in 2013.
  • Mar 17 – Corporations: Deposit the first installment of your 2014 estimated tax; State estimated follows.
  • Mar 17 - Electing Large Partnerships: Furnish Sch. K-1 (Form 1065-B) to each partner.
  • Mar 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.
  • Apr 15 - Partnerships: File 2013 Form 1065 and furnish a copy of Sch. K-1 to each partner.
  • Apr 30 - File Form 941 for the 1s quarter of 2014 and FL Form UCT-6 for Unemployment Tax on first $8,000 of wages
  • Jun 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.
  • Aug  1 - File 2012 Form 5500 or 5500-EZ.
  • Sep 15 – Corporations: Deposit the third installment of your estimated tax for 2014. State estimated follows.
  • Sep 15 and Oct 15 – Many extensions expire. If an extension was granted, be sure to file necessary forms.
  • Dec 15 - Corporations: Deposit the fourth installment of your estimated tax for 2014. State estimated follows.

For Individuals

  • Jan 15 - Individuals: Pay the final installment of your 2013 estimated tax. Use Form 1040-ES.
  • Jan 31 - File your tax return if you did not pay your last installment of estimated tax by January 15.
  • Feb 14 - File a new Form W-4 if you claimed exemption from income tax withholding in 2013.
  • Apr 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.
  • Jun 16 - Individuals outside the U.S.: File 2013 Form 1040.
  • Jun 16 - Individuals: Pay the second installment of estimated tax for 2014.
  • Aug 1 - File 2013 Form 5500 or 5500-EZ.
  • Sep 16 - Individuals: Pay the third installment of your estimated tax for 2014.
  • Oct 15 - Individuals: File 2013 Form 1040, 1040A, or 1040EZ if you timely requested a 6-month extension.