Handling employment taxes can be complicated, especially when you\u2019re required to file important tax documents throughout the year. Here’s a list of key forms and deadline dates to help keep you on track.<\/p>\n\n\n\n
Form 941 \u2014 Employer’s quarterly federal tax return<\/strong> Employers generally must deposit Form 941 payroll 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 payroll tax liability is $1,000 or less.<\/p>\n\n\n\n Return filing deadlines:<\/p>\n\n\n\n Form 940 \u2014 Employer’s annual federal unemployment tax return (FUTA)<\/strong> Form W-2 \u2014 Wage and tax statement<\/strong> Tax deadline extensions for disaster areas<\/strong> Please call for help with specific details about your filing requirements and for more information on tax deadlines that apply to your business.<\/p>\n","protected":false},"excerpt":{"rendered":" Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a list of key forms and deadline dates to help keep you on track.<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[46],"tags":[35],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4750"}],"collection":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/comments?post=4750"}],"version-history":[{"count":1,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4750\/revisions"}],"predecessor-version":[{"id":5186,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4750\/revisions\/5186"}],"wp:attachment":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/media?parent=4750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/categories?post=4750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/tags?post=4750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
This form is used to report income tax withheld from employees’ pay and both the employer’s and employees’ share of Social Security and Medicare taxes.<\/p>\n\n\n\n
This return is due annually. However, FUTA tax must generally be deposited once a quarter if the accumulated tax exceeds $500.<\/p>\n\n\n\n
Employers are required to send this document to each employee and the IRS at the end of the year. It reports employee annual wages and taxes withheld from paychecks.<\/p>\n\n\n\n
For taxpayers living in designated disaster areas, the IRS extends certain filing and tax payment dates. Taxpayers living in the affected areas (and those whose tax professionals are located in those areas) have relief from penalties for filing under the new extended dates. These filing and payment extensions are also available to some relief workers.
Visit the IRS’s Disaster Assistance and Emergency Relief for Individuals and Businesses page for up-to-date information.<\/p>\n\n\n\n