© 2014 by Butler-Davis Tax & Accounting, LLC

  • Facebook Round
  • Twitter Round
  • Google Round

March 2015 Business Due Dates

February 26, 2015

 

March 2 - Payers of Gambling Winnings 

 

File Form 1096, Annual Summary and Transmittal of U.S. Information Returns, along with Copy A of all the Forms W-2G you issued for 2014. If you file Forms W-2G electronically, your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms was February 2.

 

March 2 -  Informational Returns Filing Due 

 

File information returns (Form 1099) and transmittal Forms 1096 for certain payments you made during 2014. There are different forms for different types of payments. These are government filing copies for the 1099s issued to service providers and others.

 

March 2 - 2 All Employers 

 

File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2014. If you file Forms W-2 electronically, your due date for filing them with the SSA will be extended to March 31. The due date for giving the recipient these forms was February 2.

 

March 2 - Large Food and Beverage Establishment Employers 

 

File Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips. Use Form 8027-T, Transmittal of Employer’s Annual Information Return of Tip Income and Allocated Tips, to summarize and transmit Forms 8027 if you have more than one establishment. If you file Forms 8027 electronically, your due date for filing them with the IRS will be extended to March 31.

 

March 16 -  S-Corporation Election 

 

File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2015. If Form 2553 is filed late, S treatment will begin with calendar year 2016.

 

March 16 -  Electing Large Partnerships 

 

Provide each partner with a copy of Schedule K-1 (Form 1065-B), Partner’s Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K-1. This due date applies even if the partnership requests an extension of time to file the Form 1065-B by filing Form 7004.

 

March 16 - Social Security, Medicare and Withheld Income Tax 

 

If the monthly deposit rule applies, deposit the tax for payments in February. 

 

March 16 - Non-Payroll Withholding 

 

If the monthly deposit rule applies, deposit the tax for payments in February. 

 

March 16 - Corporations 

 

File a 2014 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you need an automatic 6-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information and Other Returns, and deposit what you estimate you owe. Filing this extension protects you from late filing penalties but not late payment penalties, so it is important that you estimate your liability and deposit it using the instructions on Form 7004.

March 31 - Electronic Filing of Forms 1098, 1099 and W-2G 

 

If you file forms 1098, 1099, or W-2G electronically with the IRS, this is the final due date. This due date applies only if you file electronically (not paper forms). Otherwise, March 2 was the due date. The due date for giving the recipient these forms was February 2.

 

March 31 - Electronic Filing of Forms W-2 

If you file forms W-2 for 2014 electronically with the IRS, this is the final due date. This due date applies only if you electronically file. Otherwise, the due date was March 2. The due date for giving the recipient these forms was February 2.

 

March 31 - Large Food and Beverage Establishment Employers 

 

If you file forms 8027 for 2014 electronically with the IRS, this is the final due date. This due date applies only if you file electronically. Otherwise, March 2 was the due date.

Please reload

Featured Posts

Tax Break for Sales of Inherited Homes

March 30, 2015

1/10
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags