McLan Accounting Due Dates
Getting all your documents and payments sent in on time is critical for avoiding fines and penalties. Read through this page to get a good idea of what you need to do, and by when it needs to be done.
Important Note Regarding Weekends & Holidays
All of the below due dates are made with the assumption that the date listed falls on a normal business day. If it falls on a weekend or a holiday, the due date is moved to the next business day.
11th of Each Month
If you are an employee who works for tips, and you received at least $20 during the previous month, you need to report it to your employer by this date. You will use Form 4070 – Employee's Report of Tips to Employer to take care of this.
15th Of Each Month
Several Important items are due on the 15th of each month, depending on your situation:
Corporations - An installment of your estimated income tax is due quarterly on the 15th, along with a worksheet (Form 1120-W).
Employers - – All Social Security, Medicare, and withheld income tax from the previous month are due by this date. In addition, all nonpayroll withholding is due on this date.
If you are an individual who doesn’t have taxes taken out from normal withholding, you will need to make an estimated tax payment by this date. This will be filed with Form 1040-ES. Farmers and fisherman need to pay their estimated taxes for the year using the 1040ES form.
Individuals who did not pay their last installment of their estimated taxes by January 15th must file their income tax returns by this date. Doing so will make it so they can avoid any penalty or late payments. Employers must pay their federal unemployment tax by this date (Form 940 or 940EZ). Employers also must provide their employees with their W-2 for the previous year’s taxes, and give annual information forms (Form 1098, 1099, and W-2G) for certain types of payments made during the previous year. Finally, a Form W-3 along with Copy A of all Forms W-2 issued needs to be filed with the IRS.
Businesses need to file information returns (Form 1099) if applicable.
Employers need to provide employees with Form 1095-B and 1095-C for any health care coverage.
Any electronic filing of the following forms is due: 1097, 1098, 1099, 3921, 3922, 1094-B, 1095-B, 1094-C, and W-2Gs.
All individual income tax returns are due. Any taxes that are due must also be paid by this date.