SaveRite Tax & Accounting Service

Employees who work for tips.

If you received $20 or more in tips during December, report them to your employer. You can use Form 4070 Employee's Report of Tips to Employer.

Individuals.

Make a payment of your estimated tax for 2012 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2012 estimated tax. However, you do not have to make this payment if you file your 2012 return (Form 1040) and pay any tax due by January 31, 2013.

Farmers and Fishermen.

Pay your estimated tax for 2012 using Form 1040-ES. You have until April 15 to file your 2012 income tax return (Form 1040). If you do not pay your estimated tax by January 15, you must file your 2012 return and pay any tax due by March 1, 2013, to avoid an estimated tax penalty.

Individuals who must make estimated tax payments.

If you did not pay your last installment of estimated tax by January 15, you may choose (but are not required) to file your income tax return (Form 1040) for 2012. Filing your return and paying any tax due by January 31, 2013 prevents any penalty for late payment of last installment. If you cannot file and pay your tax by January 31, file and pay your tax by April 15.

All Businesses.

Give annual information statements to recipients of 1099 payments made during 2012. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the following.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Individuals.

If you claimed exemption from income tax withholding last year on the Form W-4 you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.

All businesses.

Give annual information statements to recipients of certain payments you made during 2012. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient.

All Businesses.

File information returns (Form 1099) for certain payments you made during 2012. 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. See the General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a return is required, what form to use, and extensions of time to file.

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 April 1. The due date for giving the recipient these forms will still be January 31.

Farmers and fishermen.

File your 2012 income tax return (Form 1040) and pay any tax due. However, you have until April 15 to file if you paid your 2012 estimated tax by January 15, 2013.

Employees who work for tips.

If you received $20 or more in tips during February, report them to your employer. You can use Form 4070.

Corporations.

File a 2012 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6­month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, and deposit what you estimate you owe.

S corporations.

File a 2012 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K­1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or a substitute Schedule K­1. If you want an automatic 6­month 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 elect to be treated as an S corporation beginning with calendar year 2013. If Form 2553 is filed late, S treatment will begin with calendar year 2014.

Electing large partnerships.

Provide each partner with a copy of Schedule K­1 (Form 1065­B), Partner's Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K­1. This due date applies even if the partnership requests an extension of time to file the Form 1065­B by filing Form 7004.

Electronic filing of Forms 1097, 1098, 1099, 3921, 3922, and W­2G.

File Forms 1097, 1098, 1099, 3921, 3922, and W­2G with the IRS. This due date applies only if you file electronically. Otherwise, see February 28.

The due date for giving the recipient these forms generally remains January 31.

For information about filing Forms 1097, 1098, 1099, 3921, 3922, and W­2G electronically, see Publication 1220.

Employees who work for tips.

If you received $20 or more in tips during March, report them to your employer. You can use Form 4070.

Individuals.

File a 2012 income tax return (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want an automatic 6­month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. For more information, see Form 4868. Then, file Form 1040, 1040A, or 1040EZ by October 15.

Household employers.

If you paid cash wages of $1,800 or more in 2012 to a household employee, you must file Schedule H. If you are required to file a federal income tax return (Form 1040), file Schedule H with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H if you paid total cash wages of $1,000 or more in any calendar quarter of 2011 or 2012 to household employees. Also, report any income tax you withheld for your household employees. For more information, see Publication 926.

Individuals.

If you are not paying your 2013 income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your 2013 estimated tax. Use Form 1040­ES. For more information, see Publication 505.

Partnerships.

File a 2012 calendar year return (Form 1065). Provide each partner with a copy of Schedule K­1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., or a substitute Schedule K­1. If you want an automatic 5­month extension of time to file the return and provide Schedule K­1 or a substitute Schedule K­1, file Form 7004. Then, file Form 1065 by September 16.

Electing large partnerships.

File a 2012 calendar year return (Form 1065­B). If you want an automatic 6­month extension of time to file the return, file Form 7004. Then, file Form 1065­B by October 15. See March 15 for the due date for furnishing Schedules K­1 or substitute Schedules K­1 to the partners.

Corporations.

Deposit the first installment of estimated income tax for 2013. A worksheet, Form 1120­W, Estimated Tax for Corporations, is available to help you estimate your tax for the year.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Individuals.

If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due. Otherwise, see April 15. If you want additional time to file your return, file Form 4868 to obtain 4 additional months to file. Then, file Form 1040 by October 15.

However, if you are a participant in a combat zone, you may be able to further extend the filing deadline. See Publication 3, Armed Forces' Tax Guide.

Individuals.

Make a payment of your 2013 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040­ES. This is the second installment date for estimated tax in 2013. For more information, see Publication 505.

Corporations.

Deposit the second installment of estimated income tax for 2013. A worksheet, Form 1120­W, is available to help you estimate your tax for the year.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Individuals.

Make a payment of your 2013 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040­ES. This is the third installment date for estimated tax in 2013. For more information, see Publication 505.

Corporations.

File a 2012 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6­month extension. Otherwise, see March 15.

S corporations.

File a 2012 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic 6­month extension. Otherwise, see March 15. Provide each shareholder with a copy of Schedule K­1 (Form 1120S) or a substitute Schedule K­1.

Partnerships.

File a 2012 calendar year return (Form 1065). This due date applies only if you were given an additional 5­month extension. Otherwise see April 15. Provide each partner with a copy of Schedule K­1 (Form 1065) or a substitute Schedule K­1.

Corporations.

Deposit the third installment of estimated income tax for 2013. A worksheet, Form 1120­W, is available to help you estimate your tax for the year.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Individuals.

If you have an automatic 6­month extension to file your income tax return for 2012, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due.

Electing large partnerships.

File a 2012 calendar year return (Form 1065­B). This due date applies only if you were given an additional 6­month extension. See March 15 for the due date for furnishing Schedules K­1 or substitute Schedules K­1 to the partners.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Employees who work for tips.

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

Corporations.

Deposit the fourth installment of estimated income tax for 2013. A worksheet, Form 1120­W, is available to help you estimate your tax for the year.