{"id":120,"date":"2022-02-09T10:29:08","date_gmt":"2022-02-09T10:29:08","guid":{"rendered":"https:\/\/ift.tax\/blog\/?p=120"},"modified":"2022-02-09T10:29:09","modified_gmt":"2022-02-09T10:29:09","slug":"2022-q1-tax-calendar-key-deadlines-for-businesses-and-other-employers-2","status":"publish","type":"post","link":"https:\/\/ift.tax\/blog\/2022\/02\/09\/2022-q1-tax-calendar-key-deadlines-for-businesses-and-other-employers-2\/","title":{"rendered":"2022 Q1 tax calendar: Key deadlines for businesses and other employers"},"content":{"rendered":"

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Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn\u2019t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you\u2019re meeting all applicable deadlines and to learn more about the filing requirements.<\/p>\n

January 17 (The usual deadline of January 15 is a Saturday)<\/strong><\/p>\n

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Pay the final installment of 2021 estimated tax.<\/li>\n
Farmers and fishermen: Pay estimated tax for 2021.<\/li>\n<\/ul>\n
January 31 <\/strong><\/p>\n
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File 2021 Forms W-2, \u201cWage and Tax Statement,\u201d with the Social Security Administration and provide copies to your employees.<\/li>\n
Provide copies of 2021 Forms 1099-NEC, \u201cNonemployee Compensation,\u201d to recipients of income from your business where required.<\/li>\n
File 2021 Forms 1099-NEC, reporting nonemployee compensation payments in Box 7, with the IRS.<\/li>\n
File Form 940, \u201cEmployer\u2019s Annual Federal Unemployment (FUTA) Tax Return,\u201d for 2021. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it\u2019s more than $500, you must deposit it. However, if you deposited the tax for the year in full and on time, you have until February 10 to file the return.<\/li>\n
File Form 941, \u201cEmployer\u2019s Quarterly Federal Tax Return,\u201d to report Medicare, Social Security and income taxes withheld in the fourth quarter of 2021. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the quarter in full and on time, you have until February 10 to file the return. (Employers that have an estimated annual employment tax liability of $1,000 or less may be eligible to file Form 944, \u201cEmployer\u2019s Annual Federal Tax Return.\u201d)<\/li>\n
File Form 945, \u201cAnnual Return of Withheld Federal Income Tax,\u201d for 2021 to report income tax withheld on all nonpayroll items, including backup withholding and withholding on accounts such as pensions, annuities and IRAs. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the year in full and on time, you have until February 10 to file the return.<\/li>\n<\/ul>\n
February 28<\/strong><\/p>\n
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File 2021 Forms 1099-NEC with the IRS if: 1) they\u2019re not required to be filed earlier and 2) you\u2019re filing paper copies. (Otherwise, the filing deadline is March 31.)<\/li>\n<\/ul>\n
March 15<\/strong><\/p>\n
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If a calendar-year partnership or S corporation, file or extend your 2021 tax return and pay any tax due. If the return isn\u2019t extended, this is also the last day to make 2021 contributions to pension and profit-sharing plans.<\/li>\n<\/ul>\n
\u00a9 2021<\/em><\/p>\n
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Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn\u2019t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you\u2019re meeting all applicable deadlines and to learn more about the filing requirements. January […]<\/p>\n","protected":false},"author":1,"featured_media":119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/posts\/120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/comments?post=120"}],"version-history":[{"count":1,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/posts\/120\/revisions"}],"predecessor-version":[{"id":121,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/posts\/120\/revisions\/121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/media\/119"}],"wp:attachment":[{"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/media?parent=120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/categories?post=120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ift.tax\/blog\/wp-json\/wp\/v2\/tags?post=120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}