Major Tax Deadlines

Major Tax Deadlines

For December 2013

	December 16	Due date for calendar-year corporations to pay the last installment of 2013 estimated income tax.

	December 31	Last day to set up a Keogh retirement plan for 2013. Deductible contributions for 2013 can be made any time up to the filing deadline for your 2013 return.

	December 31	Deadline to complete 2013 tax-free gifts of up to $14,000 per recipient.

	December 31	Deadline for paying expenses you want to be able to deduct on your 2013 income tax return.

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, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.

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 you or your business, contact our office.

Burzenski and Company, P.C.

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