With the 2018 filing season approaching, Doeren Mayhew’s tax advisors reminds taxpayers of the key tax-related deadlines affecting businesses and other employers. Below is a list of upcoming 2018 tax form deadlines to expect in the first quarter:

January 31

  • Forms W-2: File 2017 forms with the Social Security Administration and provide copies to your employees.
  • Forms 1099-MISC:
    • Provide copies of 2017 forms to recipients of income from your business where required.
    • File 2017 forms reporting nonemployee compensation payments in Box 7 with the Internal Revenue Service (IRS).
  • Form 940: File your Employer’s Annual Federal Unemployment Tax Return for 2017. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it’s more than $500, you must deposit it. However, if you deposited the tax for the year in full and on time, you have until February 12 to file the return.
  • Form 941: File to report Medicare, Social Security and income taxes withheld in the fourth quarter of 2017. 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 in full and on time, you have until February 12 to file the return (employers that have an estimated annual employment tax liability of $1,000 or less may be eligible to file Form 944).
  • Form 945: File for 2017 to report income tax withheld on all nonpayroll items, including backup withholding and withholding on accounts such as pensions, annuities and IRAs. 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 in full and on time, you have until February 12 to file the return.

February 28

  • Forms 1099-MISC: File 2017 forms with the IRS if:
    1. They’re not required to be filed earlier, and
    2. You’re filing paper copies (otherwise, the filing deadline is April 2)

March 15

  • Calendar-year partnership or S corporations: File or extend your 2017 tax return and pay any tax due. If the return isn’t extended, this is also the last day to make 2017 contributions to pension and profit-sharing plans.

To ensure you’re meeting all applicable deadlines or to learn more about the filing requirements, contact Doeren Mayhew’s tax advisors today.