USA January 2018 Federal tax deadlines for the USA


Ian

Administrator
Joined
Jun 28, 2007
Messages
65
Reaction score
4
Country
United Kingdom
General

January 10

Employees who work for tips.
If you received $20 or more in tips during December, report them to your employer. You can use Form 4070.

January 16

Individuals.

Make a payment of your estimated tax for 2017 if you didn't pay your income tax for the year through withholding (or didn't pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2017 estimated tax payments. However, you don't have to make this payment if you file your 2017 return (Form 1040) and pay any tax due by January 31, 2018.

Farmers and fishermen.
Pay your estimated tax for 2017 using Form 1040-ES. You have until April 17 to file your 2017 income tax return (Form 1040). If you don't pay your estimated tax by January 16, you must file your 2017 return and pay any tax due by March 1, 2018, to avoid an estimated tax penalty.

January 31

Individuals who must make estimated tax payments.

If you didn't pay your last installment of estimated tax by January 16, you may choose (but aren't required) to file your income tax return (Form 1040) for 2017 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you can't file and pay your tax by January 31, file and pay your tax by April 17.

All businesses.
Give annual information statements to recipients of certain payments you made during 2017. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the following.
  • Cash payments for fish (or other aquatic life) purchased from anyone engaged in the trade or business of catching fish.
  • Compensation for workers who aren't considered employees (including fishing boat proceeds to crew members).
  • Dividends and other corporate distributions.
  • Interest.
  • Rent.
  • Royalties.
  • Payments of Indian gaming profits to tribal members.
  • Profit-sharing distributions.
  • Retirement plan distributions.
  • Original issue discount.
  • Prizes and awards.
  • Medical and health care payments.
  • Debt cancellation (treated as payment to debtor).
  • Cash payments over $10,000. See the Form 8300 instructions.
See the General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a statement is required, which form to use, when to file, and extensions of time to provide statements to the IRS. Forms 1099-B, 1099-S, and certain reporting on Form 1099-MISC, Miscellaneous Income, are due to recipients by February 15.

Payers of nonemployee compensation.
File Form 1099-MISC for nonemployee compensation paid in 2017.

Employers

All employers.

Give your employees their copies of Form W-2 for 2017 by January 31, 2018. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.

January 16


Social security, Medicare, and withheld income tax.
If the monthly deposit rule applies, deposit the tax for payments made in December 2017.

Nonpayroll withholding.
If the monthly deposit rule applies, deposit the tax for payments made in December 2017.

January 31

All employers.

Give your employees their copies of Form W-2 for 2017. If an employee agreed to receive Form W-2 electronically, have it posted on a website and notify the employee of the posting.
File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2017.

Payers of nonemployee compensation.
File Form 1099-MISC for nonemployee compensation paid in 2017.

Payers of gambling winnings.
If you either paid reportable gambling winnings or withheld income tax from gambling winnings, give the winners their copies of Form W-2G.

Nonpayroll taxes.
File Form 945 to report income tax withheld for 2017 on all nonpayroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the year timely, properly, and in full, you have until February 12 to file the return.

Social security, Medicare, and withheld income tax.
File Form 941 for the fourth quarter of 2017. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the quarter timely, properly, and in full, you have until February 12 to file the return.

Certain small employers.
File Form 944 to report social security and Medicare taxes and withheld income tax for 2017. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is $2,500 or more for 2017 but less than $2,500 for the fourth quarter, deposit any undeposited tax or pay it in full with a timely filed return. If you deposited the tax for the year timely, properly, and in full, you have until February 12 to file the return.

Farm employers.
File Form 943 to report social security and Medicare taxes and withheld income tax for 2017. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the year timely, properly, and in full, you have until February 12 to file the return.

Federal unemployment tax.
File Form 940 for 2017. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, you must deposit it. However, if you deposited the tax for the year timely, properly, and in full, you have until February 12 to file the return.

Health coverage reporting.
If you’re an Applicable Large Employer, provide Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to full-time employees. For all other providers of minimum essential coverage, provide Form 1095-B, Health Coverage, to responsible individuals. See the Instructions for Forms 1094-B and 1095-B and the Instructions for Forms 1094-C and 1095-C for more information about the information reporting requirements.

Excise

January 2

Wagering tax.

File Form 730 and pay the tax on wagers accepted during November 2017.

Heavy highway vehicle use tax.
File Form 2290 and pay the tax for vehicles first used in November 2017.

January 10

Communications and air transportation taxes under the alternative method.

Deposit the tax included in amounts billed or tickets sold during the first 15 days of December 2017.

January 12

Regular method taxes.

Deposit the tax for the last 16 days of December 2017.

January 25

Communications and air transportation taxes under the alternative method.

Deposit the tax included in amounts billed or tickets sold during the last 16 days of December 2017.

January 29

Regular method taxes.

Deposit the tax for the first 15 days of January.

January 31

Form 720 taxes.

File Form 720 for the fourth quarter of 2017.

Wagering tax.
File Form 730 and pay the tax on wagers accepted during December 2017.

Heavy highway vehicle use tax.
File Form 2290 and pay the tax for vehicles first used in December 2017.

______________________________________


The above list is a general overview and does not necessarily constitute a complete and accurate picture of your / your client's tax obligations for January 2018. Care should be taken to ensure all deadlines are correctly adhered to.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top