For January 2009

January 15

Final 2008 individual estimated tax payment is due, unless 2008 tax return is filed and taxes are paid in full by February 2, 2009.

The following deadlines would normally fall on January 31. Because January 31, 2009, is a Saturday, the deadline moves to the next business day, which is February 2.

	February 2	Employers must provide 2008 W-2 statements to employees.
	February 2	Payers must provide 2008 Form 1099s to payees. (Brokers have until February 17 to provide Form 1099-B and consolidated statements to customers.)
	February 2	Employers must generally file Form 941 for the fourth quarter of 2008 and pay any tax due.
	February 2	Employers must generally file 2008 federal unemployment tax returns and pay any tax due.

NOTE: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business.

Payroll tax deposits: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees' pay and both the employer's and employees' share of social security taxes) on either a monthly or semiweekly deposit schedule. There are exceptions if you owe $100,000 or more on any day during a deposit period, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.

• Monthly depositors are required to deposit payroll taxes accumulated within a calendar month by the fifteenth of the following month.
  
• Semiweekly depositors generally must deposit payroll taxes on Wednesdays or Fridays, depending on when wages are paid.
  

For more information on tax deadlines that apply to you or your business, contact our office.

© copyright 2009