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Federal and Texas State Dates To Remember

 

Please note the following dates, events, and deadlines on your financial calendar.

 

General Tax Calendar:

 

1st Quarter

 

January 15:

Individuals. Make a payment of your estimated tax for the prior year if you did not pay your income tax for the year through withholding (or did not pay in enough tax). Use Form 1040-ES. This is the final installment for the prior year estimated tax.

 

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

January 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly, Quarterly, and/or Annual return/s and payment/s are due.

 

 

January 31:

All businesses. Give annual information statements to recipients of certain payments you made in the prior year. Use the appropriate version of Form 1099 or other information return. Payments that may be covered include the following: 

  • Compensation for workers who are not considered employees.
  • Dividends and other corporate distributions.
  • Interest.
  • Amounts paid in real estate transactions.
  • Rent.
  • Royalties.
  • Amounts paid in broker and barter exchange transactions.
  • Payments to attorneys.
  • Profit-sharing distributions.
  • Retirement plan distributions.
  • Original issue discount.
  • Medical and health care payments.
  • Debt cancellation (treated as payment to debtor).
  • Cash payments over $10,000. See the instructions for Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.

 

All businesses.  Payroll Taxes.  IRS Forms 941 and 940 are due to the IRS along with any outstanding balances due.  Texas Workforce Commission report and outstanding balance due to the state.

 

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

 

February 20:

 

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

February 28:

All businesses. File information returns (Form 1099) for certain payments you made during the prior year. These payments are described under January 31. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment. If you file Forms 1098, 1099, or W-2G electronically (not by magnetic media), your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms remains January 31.

 

March 15:

Corporations. File the prior calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.

 

S corporations. File the prior calendar year income tax return (Form 1120S). Provide each shareholder with a copy of Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe.

 

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

 

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

March 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

March 31:

Electronic filing of Forms 1098, 1099, and W-2G. File Forms 1098, 1099, or W-2G with the IRS. This due date applies only if you file electronically (not by magnetic media). Otherwise, see February 28. The due date for giving the recipient these forms remains January 31.

 

2nd Quarter 

 

April 15:

Partnerships. File the prior calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an automatic 3-month extension of time to file the return and provide Schedule K-1 or a substitute Schedule K-1, file Form 8736. Then, file Form 1065 by July 15. If you need an additional 3-month extension, file Form 8800.

 

Individuals. File the prior income tax return (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want an automatic 4-month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, or you can get an extension by phone or over the Internet. Then, file Form 1040, 1040A, or 1040EZ by August 15. If you need an additional 2-month extension, file Form 2688, Application for Additional Extension of Time to File U.S. Individual Income Tax Return, as soon as possible, so that your application can be acted on before August 15.

 

Individuals. If you are not paying your current year income tax through withholding (or will not pay in enough tax during the year), pay the first installment of your current year estimated tax. Use Form 1040-ES.

 

 

Corporations. Deposit the first installment of estimated income tax for the current year.

 

Individuals. Make a payment of your current year estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax). Use Form 1040-ES. This is the second installment date for estimated tax in the current year.

 

 

Corporations. Deposit the second installment of estimated income tax for the current year.

 

 

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

April 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly, Quarterly, and/or Annual return/s and payment/s are due.

 

April 30:

All businesses.  Payroll Taxes.  IRS Form 941 due to the IRS along with any outstanding balance due.  Texas Workforce Commission report and outstanding balance due to the state.

 

All businesses.  Payroll Taxes - 940 Payroll Tax Deposit Due.

 

3rd Quarter 

 

May 15:

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

All businesses.  State Return Due.  Texas Franchise Tax.  Annual return or extension and payment are due.

 

May 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

June 15:

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

June 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

July 15:

Partnerships. File the prior year calendar year return (Form 1065). This due date applies only if you timely requested an automatic 3-month extension. Otherwise, see April 15. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1. If you need an additional 3-month extension, file Form 8800.

 

All businesses.  Monthly Filers - 941 Payroll Tax Deposit Due.

 

July 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly, Quarterly, and/or Annual return/s and payment/s are due.

 

July 31:

All businesses.  Payroll Taxes.  IRS Form 941 due to the IRS along with any outstanding balance due.  Texas Workforce Commission report and outstanding balance due to the state.

 

All businesses.  Payroll Taxes - 940 Payroll Tax Deposit Due.

 

 

August 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

September 15:

Individuals. Make a payment of your current year estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax). Use Form 1040-ES. This is the third installment date for estimated tax for the current year.

 

 

Corporations. File the prior calendar year income tax return (Form 1120 or 1120-A) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15.

 

S corporations. File the prior calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see March 15. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1.

 

Corporations. Deposit the third installment of estimated income tax for the current year.

 

September 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

 

4th Quarter

 

October 15:

Individuals. File a prior year income tax return and pay any tax, interest, and penalties due if you were given an additional 2-month extension.

 

Partnerships. File the prior calendar year return (Form 1065). This due date applies only if you were given an additional 3-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1.

 

October 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly, Quarterly, and/or Annual return/s and payment/s are due.

 

October 31:

All businesses.  Payroll Taxes.  IRS Form 941 due to the IRS along with any outstanding balance due.  Texas Workforce Commission report and outstanding balance due to the state.

 

All businesses.  Payroll Taxes - 940 Payroll Tax Deposit Due.

 

November 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

 

December 15:

Corporations. Deposit the fourth installment of estimated income tax for the current year.

 

 

December 20:

All businesses.  State Return/s Due.  Texas Sales & Use Tax.  Monthly return/s and payment/s are due.

 

Other Deadline Dates:

 

1.  Semi-weekly Payroll Tax Depositors:

Payment Day:                                             Deposit By:

Wednesday, Thursday, and/or Friday            Following Wednesday

Saturday, Sunday, Monday, and/or               Following Friday

            Tuesday

 

2.  Note:

If any date shown above falls on a Saturday, Sunday, or Federal holiday, use the next business day as the deadline date. 

 

 

Prepared by the Office of Honza CPA

972-875-7376

 

Other taxes and deadlines may apply, information subject to change.