It’s time to get your house in order with tax organizers and important tasks. Here’s a list of important January deadlines for review. As always, Intuit® Accountants is pleased to offer guidance and information to all tax practitioners.

In January, it is recommended that you:

  • Send tax preparation packets and tax data organizers to individual clients.
  • Alert individual clients to the option of filing the 2014 return by February 2 in lieu of making final 2014 estimated tax payment.
  • Remind business clients of information reporting requirements.

Key Compliance Dates:

  • Monday, January 5 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on December 27–03.
  • Wednesday, January 7 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on December 31–January 2.
  • Friday, January 9 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 3–6.
  • Monday, January 12 - Tipped employees who received or more in tips during December report them to their employers on Form 4070.
  • Wednesday, January 14 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 7–9.
  • Thursday, January 15 - Monthly depositors deposit FICA and withheld income tax for December. Individuals pay final installment of 2014 estimated tax.
  • Friday, January 16 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 10–13.
  • Thursday, January 22 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 14–16.
  • Friday, January 23 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 17–20.
  • Wednesday, January 28 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 21–23.
  • Friday, January 30 - Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 24–27. Furnish copies of Form W-2 for 2012 to employees.

Intuit Resources:

As always, visit Intuit Accountants for more information and training resources.

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