If you are an employee who works for tips and got more than $20 in tips in January, you must report them to your employer using IRS Form 4070 by February 10. Your employer is obligated to deduct FICA and income tax withholding for these tips from your normal pay. If your regular earnings are inadequate to pay FICA and tax withholding, your employer will record the uncollected withholding in box 8 of your annual W-2. When you submit your annual return, you will be obligated to pay any uncollected withholdings.
If you claimed an exemption from income tax withholding on the Form W-4 you provided to your employer last year, you must submit a new Form W-4 by this date to maintain your exemption for another year.
If a due date comes on a Saturday, Sunday, or legal holiday, it is automatically extended to the next working day that is not a legal holiday.
Please keep in mind that when a geographic region is classified as a disaster area, deadlines will be extended. For further information on whether an area has been declared as a disaster area and the filing extension dates, please visit the following websites:
FEMA website: https://www.fema.gov/disaster/declarations
IRS website: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations.
Fill out Form 945 to report the income tax withheld on all nonpayroll goods in 2024. This deadline applies only if you submitted your tax for the year in whole and on time.
Fill out Form 941 for the fourth quarter of 2024. This deadline applies only if you submitted the tax for the quarter in whole and timely.
Fill out Form 944 to submit your Social Security and Medicare taxes, as well as any withheld income tax for 2024. This deadline applies only if you submitted your tax for the year in whole and on time.
Fill out Form 943 to report Social Security, Medicare, and withheld income taxes for 2024. This deadline applies only if you submitted your annual tax on time, correctly, and in full.
File Form 940 for 2024. This deadline applies only if you submitted your tax for the year in whole and on time.
Provide yearly reporting statements to beneficiaries of specific payments you made in 2024. You may utilize the relevant version of Form 1099 or equivalent information return. Form 1099 may be provided electronically with the recipient's approval. This due date only relates to the payments listed below.
If the monthly deposit rule applies, deposit the tax for January's payments.
If the monthly deposit rule applies, deposit the tax for January's payments.
Begin withholding income tax from the wages of any employee who claimed an exemption from withholding in 2024 but did not provide you with a Form W-4 (or Form W-4 (sp), its Spanish translation) to maintain the exemption this year.
File information returns (for example, some Forms 1099) for payments received in 2024. These payments were previously mentioned under All Businesses, on January 31. However, Form 1099-NEC, which reports nonemployee remuneration, must be submitted by January 31. There are several formats for different sorts of payments. Use a separate Form 1096 to summarize and send the forms for each method of payment. See the General Instructions for Certain Information Returns for details on which payments are covered, how much the payment must be before a return is needed, which form to use, and filing extensions.
If you submit Forms 1097, 1098, 1099 (excluding Form 1099-NEC, which reports nonemployee remuneration), 3921, 3922, or W-2G online, your due date with the IRS is extended to March 31. Typically, the deadline for delivering these paperwork to the beneficiary is January 31.
File Form 1096, Annual Summary and Transmittal of US Information Returns, together with Copy A of all Forms W-2G you issued in 2024. If you submit Forms W-2G online, your due date with the IRS is extended to March 31. These paperwork were to be sent to the addressee before January 31.
File government copies of information returns (Forms 1099) and transmittal Forms 1096 for certain payments received in 2023, except 1099-NECs due on January 31. There are many 1099 forms for different sorts of payments.
If you are an Applicable Large Employer, submit paper Forms 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 1095-C to the IRS. For all other providers of minimum essential coverage, submit paper Forms 1094-B, Transmittal of Health Coverage Information Returns, and 1095-B to the IRS. If you file these forms online with the IRS, the due date will be extended until March 31. For further information on the information reporting requirements, see the Instructions for Forms 1094-B and 1095-B, as well as the Instructions for Forms 1094C and 1095C.
Complete Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. If you have many establishments, use Form 8027-T, Transmittal of Employer's Annual Information Return of Tip Income and Allocated Tips, to consolidate and transfer Forms 8027. If you submit Forms 8027 online, your due date with the IRS is extended to March 31.
If a due date occurs on a Saturday, Sunday, or legal holiday, it is automatically extended to the following working day that is not also a legal holiday.
Please keep in mind that when a geographic region is classified as a disaster area, deadlines will be extended. For further information on whether an area has been declared as a disaster area and the filing extension dates, please visit the following websites:
FEMA website: https://www.fema.gov/disaster/declarations.
IRS website: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations.