Tax Alerts - January 2012
January 2012 PDF »
January 2012 Articles
- Early Planning Can Make 2012 Filing Season Easier »
- Payroll Tax Cut Extended Two-months; Other Temporary Incentives Expire »
- Looking Back: Top 10 Federal Tax Developments of 2011 »
- FAQ – When Do I Need to File IRS Form 8938, Statement of Specified Foreign Financial Assets? »
- How Do I – Claim a Charitable Contribution of Property? »
- January 2012 Tax Compliance Calendar »
- IRS Releases Business Standard Mileage Rate for 2012 »
- IRS Updates Form 940 for Mid-year Expiration of FUTA Surtax »
- IRS Revises Regulations for Capitalization of Tangible
Assets »
- IRS Reminds Dual Citizenship Taxpayers to Report Foreign Accounts »
- IRS Relief for IRA Owners Entering into Broker Indemnification Agreements »
- Newsletter Summary Page »
Professionals
January 2012 Tax Compliance Calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of January 2012.
January 6
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates December 31-January 3.
January 10
Employees Who Work for Tips: Employees who received $20 or more in tips during November must report them to their employer using Form 4070.
January 11
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 4-6.
January 13
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 7-10.
January 17
Monthly Depositors: Monthly depositors must deposit employment taxes for payments in December.
January 19
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 11-13.
January 20
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 14-17.
January 25
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 18-20.
January 27
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 21-24.
January 31
Employers: Employers give employees copies of Form W-2 for 2011.
Employers: Employers file Form 945 to report income tax withheld for 2011 on all nonpayroll items. Deposit any undeposited tax (if more than $2,500).
Employers: Employers file Form 941 for the fourth quarter of 2011. Deposit any undeposited tax (if more than $2,500).
Employers: Employers file Form 940 to report federal unemployment tax for 2011. Deposit any undeposited tax (if more than $500).
Small Employers: Certain small employers file Form 944 to report Social Security, Medicare, and withheld income tax for 2011. Deposit any undeposited tax (if more than $2,500).
February 1
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 25-27.
February 3
Employers: Semi-weekly depositors must deposit employment taxes for payroll dates January 28-31.
To ensure compliance with requirements imposed by the IRS, please note, any advice contained in this publication was not intended, or written, to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This publication is distributed with the understanding that the publisher and distributor are not providing legal, accounting or other professional advice and assume no liability whatsoever in conjunction with the information contained within this publication.