Your Month-by-Month Business Tax Calendar

Monthly Business Tax Due Dates
Monthly Business Tax Due Dates. winhorse/Getty Images

 You're busy and working hard on your business. You don't have time to remember tax due dates. This calendar gives you an overview of business taxes due in each month. Some months have more activity than others. January and February in particular are busy, with annual wage and tax reports to be distributed by the end of January and filed by the end of February. 

I have included the most common business taxes - income tax payments, estimated tax payments, payroll taxes, and unemployment taxes.

 

Dates Change Each Year

While the general due dates for different kinds of taxes are set by the IRS and other agencies, the dates may vary for a particular year, if the due date falls on a weekend or a holiday. The rule is that if a tax due date falls on a weekend or holiday, the due date is the next business day. So a tax due date of Sunday, April 15 would be moved to Monday, April 16 in that year. 

This article gives you the most up-to-date information about tax due dates for each month of the current tax year. 

Payroll Taxes - Monthly Payments vs. Semi-weekly Payments

This calendar shows the monthly deposit date for payroll taxes. If you have a large payroll, you should make payroll tax deposits according to the semiweekly deposit rule; the semiweekly deposit dates are not shown on this calendar. If you are not sure when to make payroll tax deposits, read this article on how to determine your payroll tax deposit schedule.

January Tax Due Dates

January 15 - If you make payroll tax deposits monthly, your payroll tax deposit for December is due. 

January 15 -  Fourth Installment of Estimated Taxes Due. If you pay estimated taxes, the last installment of estimated taxes for the previous year is due. 

January 31 - Deposit Federal Unemployment (FUTA) taxes owed through December.

If you owe more than $500 or more in FUTA taxes for the quarter ending December 31, you must deposit the taxes owe by January 31. 

January 31 - Provide employees and non-employees with prior year wage and tax reports. By the end of January,  you must provide all employees with Form W-2 showing their earnings, Social Security and Medicare earnings, and other information, for the previous calendar year. You must also provide independent contractors with Form 1099-MISC showing payments made during the past calendar year, if you paid them $600 or more during the year.

January 31 - File Federal Unemployment Tax (FUTA) Form 940 for the previous year. Form 940 is the Annual Federal Unemployment Tax (FUTA) Return, which must be submitted to the IRS by the end of January. If you made all required payments in full by the due dates, you have 10 more days to submit this form (by February 10).

January 31 - File Form 941 - Employer's Quarterly Federal Tax Return. If you made all required payments in full by the due dates, you have 10 more days to submit this form (by February 10).

 

February Tax Due Dates

February 15 - If you make payroll tax deposits monthly, your payroll tax deposit for January is due. 

February 28 - Submit W-3 Forms to Social Security (with W-2 Forms). By February 28, you must prepare and submit W-3 transmittal form to the Social Security Administration for all employees, along with all W-2 Wage and Tax forms, for previous year tax reports.

February 28 Submit 1096 Forms to the IRS, along with all 1099-MISC forms. By February 28, you must submit Form 1096 transmittal form to the Social Security Administration for all independent contractors, along with all Forms 1099-MISC.  If you submit 1099 forms electronically, you don't need to include Form 1096. 

March Tax Due Dates

March 15 - If you make payroll tax deposits monthly, your payroll tax deposit for February is due. 

March 15 - Corporations must file Form 1120 Corporate Income Tax Return. If your corporation has a calendar year-end, your corporate income tax return is due on March 15. If you want to file an extension, it's due on this date, using IRS Form 7004. 

March 15 - S Corporation Tax Income Tax Returns on Form 1120-S are due. All S corporations have a December 31 year end, so income tax returns are due March 15. 

April Tax Due Dates

April  15 - If you make payroll tax deposits monthly, your payroll tax deposit for March is due. 

April 15 - File Small Business Schedule C with personal tax return. Schedule is the business profit and loss form that must be submitted with your personal income taxes on Form 1040. Your Schedule C net income is included with your other sources of income to determine your taxable income. Sole proprietorships and single member LLC's file business taxes on Schedule C.  

April 15 -  First Installment of Estimated Taxes Due. If you pay estimated taxes, the first installment of estimated taxes for the current year is due. 

April 15 - File partnership return on Form 1065; partners include Schedule K-1 with individual income tax return. 

April 31 -  File Form 941 - Employer's Quarterly Federal Tax Return. If you made all required payments in full by the due dates, you have 10 more days to submit this form (by February 10). 

May Tax Due Dates

May 15 - If you make payroll tax deposits monthly, your payroll tax deposit for April is due. 

June Tax Due Dates

June 15 - If you make payroll tax deposits monthly, your payroll tax deposit for May is due. 

June 15 -  Second Installment of Estimated Taxes Due. If you pay estimated taxes, the second installment of estimated taxes for the current year is due. 

July Tax Due Dates

July 15 - If you make payroll tax deposits monthly, your payroll tax deposit for June is due. 

July 31 File Form 941 - Employer's Quarterly Federal Tax Return. If you made all required payments in full by the due dates, you have 10 more days to submit this form (by February 10). 

July 15 - Second quarter federal unemployment (FUTA) taxes for larger employers are due the end of July. If your FUTA tax liability in any one quarter is more than $500, you must make a deposit by the last day of the month after the end of the quarte

August Tax Due Dates

August 15 - If you make payroll tax deposits monthly, your payroll tax deposit for July is due. 

September Tax Due Dates

September 15 - If you make payroll tax deposits monthly, your payroll tax deposit for August is due. 

September 15 -  Third Installment of Estimated Taxes Due. If you pay estimated taxes, the third installment of estimated taxes for the current year is due. 

September 15 - Corporation and Partnership Tax Return Extensions Due. If your corporation or partnership requested an extension of time to file a business tax return, that return is due on September 15. 

October Tax Due Dates

October 15 - If you make payroll tax deposits monthly, your payroll tax deposit for September is due. 

October 15 - Schedule C, along with personal tax returns extended, is due on October 15. 

October 31 - File Form 941 - Employer's Quarterly Federal Tax Return. If you made all required payments in full by the due dates, you have 10 more days to submit this form (by February 10). 

October 31 - Second quarter federal unemployment (FUTA) taxes for larger employers are due the end of July. If your FUTA tax liability in any one quarter is more than $500, you must make a deposit by the last day of the month after the end of the quarte

November Tax Due Dates

November 15 - If you make payroll tax deposits monthly, your payroll tax deposit for October is due. 

December Tax Due Dates

December 15 - If you make payroll tax deposits monthly, your payroll tax deposit for November is due. 

The IRS has a yearly calendar which has detailed information about tax due dates for businesses and self-employed individuals. 

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