Key Deadlines for First Quarter 2019 Taxes

The start of a new calendar year is always busy and taxes are no exception. The first quarter sees deadlines for both the fourth quarter of 2018 and year end. We’ve pulled together a general list for corporate and household employers. This is not exhaustive so please consult a personal or business tax consultant if you have specific questions about 2018 tax deadlines.

January 15

• Remit 1040 estimated tax payments for fourth quarter 2018

January 31

• File 2018 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and provide copies to your employees. This is a requirement for all employers.
• Provide copies of 2018 Forms 1099-MISC, “Miscellaneous Income,” to recipients of income from your business where required. Household employers should not be doing this; your employees are required to get a W2.
• File 2018 Forms 1099-MISC reporting non-employee compensation payments in Box 7 with the IRS. Household employers should not be doing this; your employees are required to get a W2.
• File Form 940, “Employer’s Annual Federal Unemployment (FUTA) Tax Return,” for 2018. Household employers file this through their 1040 return on Schedule H or through estimated payments.
• File Form 941, “Employer’s Quarterly Federal Tax Return,” to report Medicare, Social Security and income taxes withheld in the fourth quarter of 2018. Household employers file a Form 1040 Schedule H for these purposes.
• File Form 945, “Annual Return of Withheld Federal Income Tax,” for 2018 to report income tax withheld on all non-payroll items, including backup withholding and withholding on accounts such as pensions, annuities and IRAs. Household employers should not file a Form 945.

February 28

• File 2018 Forms 1099-MISC with the IRS if 1) they’re not required to be filed earlier and 2) you’re filing paper copies. (Otherwise, the filing deadline is April 1.) Household employers should not be doing this; your employees are required to get a W2.

March 15