As we enter April, we are in high gear for the tax season. Of course, we all know about the big April 15 deadline, but there are some other important due dates to keep in mind. Here is a rundown of the key business tax due dates for April.
Tax due April 15
Social Security, Medicare and Withheld Income Tax: Deposit the March tax payments (if the monthly deposit rule applies).
Nonpayroll withholding: Deposit the March tax payments (if the monthly deposit rule applies).
Corporations estimated tax: The first installment of 2014 estimated tax is due.
Partnerships Filing Forms: File form 1065 (the calendar year 2013 return). Provide each partner with a copy of Schedule K-1 (Form 1065). Note: If you want an automatic five-month extension for filing Form 1065 and submitting Schedule K-1’s to partners, this is the date to File Form 7004. Your new due date for filing Form 1065 and submitting Schedule K-1’s to partners will be September 15.
Arizona personal income tax returns: File Form AZ140 and submit any tax owed with the form.
Tax due April 30
Social Security, Medicare and Withheld Income Tax: File Form 941 for the first quarter of 2014. Deposit or pay any tax deposits due under the accuracy of deposit rules. Note: If you deposited the full amount of tax due for the quarter on time, you have until May 12 to file the return.
Federal Unemployment Tax: Deposit tax owed through March if it is more than $500.
Arizona State Unemployment Tax: Deposit tax due (Note: Tax is paid on first $7,000 of wages for each employee. No payment is due if tax owed is less than $9.99.)
Arizona State Tax Withheld: Use Form A1-WP to transmit Arizona withholding payments to the Arizona Department of Revenue.
Arizona Quarterly Withholding Tax Return: File AZ Form A1-QRT before month end.
If you have any questions about due dates, deposits or the filing of required forms, please contact me.