Major Tax Deadlines
For January 2005

January 18 Final 2004 individual estimated tax payment is due, unless 2004 tax return is filed and taxes are paid in full by January 31, 2005.
January 31 Employers must provide 2004 W-2 statements to employees.
January 31 Payers must provide 2004 Form 1099s to payees.
January 31 Employers must generally file Form 941 for the fourth quarter of 2004 and pay any tax due.
January 31 Employers must generally file 2004 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, or if you owe $2,500 or less for the calendar quarter.

  • 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 your business, contact our office.