January 2019 Tax and Compliance Deadlines

Tax Law and News new year, new tax season

Welcome to 2019! We’re in a new year with opportunities for growth and challenges to meet. Here’s this month’s list of tax and compliance deadlines for your review.

In January, it’s recommended that you:

  • Send tax preparation packets and tax data organizers to individual clients.
  • Alert individual clients to the option of filing the 2018 return by Jan. 31 in lieu of making final 2018 estimated tax payment.
  • Remind business clients of information reporting requirements.

Key Compliance Dates:

Thursday, Jan. 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 26-28.

Friday, Jan. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 29-Jan. 1.

Wednesday, Jan. 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 2-4.

Thursday, Jan. 10 – Tipped employees who received $20 or more in tips during December report them to their employers on Form 4070, Employee’s Report of Tips to Employer.

Friday, Jan. 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 5-8.

Tuesday, Jan. 15

  • Monthly depositors deposit FICA and withheld income tax for December.
  • Individuals pay final installment of 2018 estimated tax.

Wednesday, Jan. 16 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 9-11. 

Friday, Jan. 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 12-15. 

Thursday, Jan. 24 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 16-18. 

Friday, Jan. 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 19-22. 

Wednesday, Jan. 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 23-25. 

Thursday, Jan. 31

  • Employers file Form 941, Employer’s Quarterly Federal Tax Return, for 4th quarter 2018 (if tax deposited in full and on time, file by Feb. 11).
  • Qualifying small employers file annual Form 944, Employer’s Annual Federal Tax Return, for 2018 (in lieu of quarterly Form 941s).
  • Employers file Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, for 2018 (if tax was deposited in full and on time, file by Feb. 11).
  • Furnish copies of Form W-2, Wage and Tax Statement, for 2018 to employees.
  • Employers file Copy A of all Forms W-2 issued for 2018 with the Social Security Administration. Paper Forms W-2 should be accompanied by a Form W-3, Transmittal of Wage and Tax Statements.
  • Furnish information returns to payees for payments made in 2018.
  • File information returns with the IRS for nonemployee compensation paid in 2018.
  • Individuals file individual income tax return for 2018 in lieu of Jan. 15 estimated tax payment.
  • File Form 945, Annual Return of Withheld Federal Income Tax, for 2018 to report income tax withheld on non-payroll items.

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