Important Tax Dates to Remember
Everyone has a yearly tax schedule. It doesn’t matter if you are an employee, a small-business employer or running an S Corporation. At Osprey, we want to keep you informed and ahead of schedule.
Below is a quick overview of dates that you should keep in mind for the rest of the year.
And if we can help further, reach out anytime.
June 2022
June 15: Individuals – U.S. citizens and resident aliens living and working (or on military duty) outside the United States and Puerto Rico can file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due. If additional time is needed, file Form 4868 and obtain 4 additional months to file. Then file Form 1040 or Form 1040-SR by October 15. However, if you are a participant in a combat zone you may be able to further extend the filing deadline.
Individuals – Make a payment of your 2022 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 1040-ES. This is the second installment date for estimated tax in 2022.
Corporations (C-Corporations only) – Deposit the second installment of estimated income tax for 2022. Form 1120-W is available to help you determine your tax for the year.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in May.
June 27: Washington Businesses – Monthly sales and excise tax filers submit May sales and excise tax reports to the Department of Revenue.
July 2022
July 15: Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in June.
July 25: Washington Businesses – Monthly sales and excise tax filers submit June sales and excise tax reports to the Department of Revenue.
August 2022
August 1: Employers – Federal unemployment tax. Deposit the tax owed through June if it’s more than $500.
Employers – If you operate a benefit plan, (pension, profit-sharing, stock bonus plan), file Form 5500 or 5500-EZ for the calendar year 2021. If you use a fiscal year as your plan year, file the form by the last day of the seventh month after the plan year ends.
Washington Businesses – Quarterly sales and excise tax filers submit Q2 sales and excise tax reports to the Department of Revenue.
Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the second quarter of 2022. Deposit any undeposited tax. (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 August 10 to file the return.
August 10: Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the second quarter of 2022. This due date only applies if you deposited the tax for the quarter timely, properly, and in full.
August 15: Employer – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in July.
August 25: Washington Businesses – Monthly sales and excise tax filers submit July sales and excise tax reports to the Department of Revenue.
September 2022
September 15: Individuals – Make a payment of your 2022 estimated tax if you are not paying your income tax for the year through withholding (or will not pay enough tax that way). Use Form 1040-ES. This is the third installment date for estimated tax in 2022.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the taxes for payments in August.
C-Corporations – File a 2021 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. Only do this if you previously requested an automatic 6-month extension.
S Corporations – File a 2021 calendar year income tax return (Form 1120S). Do this only if you previously requested an automatic 6-month extension. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1.
Partnerships – File a 2021 calendar year return (Form 1065). This due date applies only if you were given an additional 6-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1.
C-Corporations – Deposit the third installment of estimated income tax for 2022. Form 1120-W is available to help you determine your tax for the year.
September 26: Washington Businesses – Monthly sales and excise tax filers submit August sales and excise tax report to the Department of Revenue.
October 2022
October 17: Individuals – If you got a 6-month extension to file your income tax return for 2021, file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in September.
October 25: Washington Businesses – Monthly sales and excise tax filers submit September sales and excise tax report to the Department of Revenue.
November 2022
During November, Employers – Income tax withholding. Encourage employees to fill out a new Form W-4 for 2023 if they experienced any personal or financial changes. The 2023 revision of Form W-4 will be available on the IRS website by mid-December.
November 1: Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the second quarter of 2022. Deposit any undeposited tax. (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 November 10 to file the return.
Employers – Federal Unemployment Tax. Deposit the tax owed through September if it’s over $500.
Washington Businesses – Quarterly sales and excise tax filers submit Q3 sales and excise tax reports to the Department of Revenue.
Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the third quarter of 2022. This due date only applies if you deposited the tax for the quarter timely, properly, and in full.
November 15: Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in October.
November 28: Washington Businesses – Monthly sales and excise tax filers submit October sales and excise tax reports to the Department of Revenue.
December 2022
December 15: C-Corporations – Deposit the fourth installment of estimated income tax for 2022. Form 1120-W is available to help you determine your tax for the year.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in November.
December 27: Washington Businesses – Monthly sales and excise tax filers submit November sales and excise tax reports to the Department of Revenue.
January 2023
January 16: Individuals – Make a payment of your 2022 estimated tax if you are not paying your income tax for the year through withholding (or will not pay enough tax that way). Use Form 1040-ES. This is the fourth installment date for estimated tax in 2022.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in December.
January 25: Washington Businesses – Monthly sales and excise tax filers submit December sales and excise tax reports to the Department of Revenue.
January 31: Employers – 2022 payroll tax reports are due to the IRS, including forms 941, 940, W-2 and W-3. W-2s must be sent to or made available to employees by January 31.
Businesses – All businesses that paid a non-employee individual or business more than $600 in 2022 must file IRS forms 1099 and 1096 to report amounts paid for rent, non-employee compensation, or other miscellaneous payments. Copies of 1099 must be sent to the individuals and businesses by January 31.
Washington Businesses – Quarterly sales and excise tax filers submit Q4 2022 sales and excise tax reports to the Department of Revenue.
February 2023
February 15: Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in January.
February 25: Washington Businesses – Monthly sales and excise tax filers submit January sales and excise tax reports to the Department of Revenue.
March 2023
March 15: Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in February.
S Corporations – File a 2022 calendar year income tax return (Form 1120S). If you are not able to file the return at this time, you can request an automatic 6-month extension. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1.
Partnerships – File a 2022 calendar year return (Form 1065). If you are not able to file the return at this time, you can request an additional 6-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1.
March 27: Washington Businesses – Monthly sales and excise tax filers submit February sales and excise tax reports to the Department of Revenue.
April 2023
April 17: Individuals – File your income tax return for 2022, file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due. An extension of time to file (not to pay) your 2022 tax return can be filed, which will extend the due date of the tax return to October 16, 2023.
Individuals – Make a payment of your 2023 estimated tax if you are not paying your income tax for the year through withholding (or will not pay enough tax that way). Use Form 1040-ES. This is the first installment date for estimated tax in 2023.
Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in September.
Corporations (C-Corporations only) – Deposit the first installment of estimated income tax for 2023. Form 1120-W is available to help you determine your tax for the year.
Washington Businesses – Annual sales and excise tax filers submit 2022 sales and excise tax reports to the Department of Revenue.
April 25: Washington Businesses – Monthly sales and excise tax filers submit March sales and excise tax reports to the Department of Revenue.
May 2023
May 1: Washington Businesses – Quarterly sales and excise tax filers submit Q1 2023 sales and excise tax report to the Department of Revenue.
May 15: Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, pay your taxes in April.
May 25: Washington Businesses – Monthly sales and excise tax filers submit April sales and excise tax reports to the Department of Revenue.
Keep these dates in mind all year long and you can avoid the last-minute tax time panic. Contact Osprey with any questions or to find out how else we can assist you and your business.
