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| 1st Quarter Estimated Payment - April 15th |
| 2nd Quarter Estimated Payment - June 15th |
| 3rd Quarter Estimated Payment - September 15th |
| 4th Quarter Estimated Payment - January 15th Following
Year |
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| April
15th - Due Date or 1st Extension |
| August
15th - 2nd Extension |
| October
15th - Final Date (Return must be postmarked) |
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| Calendar
Year - March 15th or 1st Extension 6 months |
| Fiscal
Year - 3 ½ months from year end or 1st Exension
6 months |
| September
15th - Final date for Calendar Year Corporation |
| June
15th - Minimum Tax Due - $800 |
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| April
15th - Due Date or 1st Extension - Extends for 3
months |
| July
15th - 2nd Extension - Extends 3 more months |
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| Quarterly Sales Tax Payer |
| 1Q - April 30th |
| 2Q - July 31st |
| 3Q - October 31st |
| 4Q - January 31st Following Year |
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| Monthly Sales Tax Payer |
| Last day of the month after the period ends. |
| i.e. January sales tax is due by February 28th. |
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| Yearly Sales Tax Payer |
| Last day of the month after the period ends. |
| i.e. January sales tax is due by February 28th. |
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| Quarterly Deposits (941 & DE6) |
| Must be filed no later than: |
| 1Q - April 30th |
| 2Q - July 31st |
| 3Q - October 31st |
| 4Q - January 31st Following Year |
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| Yearly Deposits (W-2's / W-3's / 940 / DE7) |
| Must be filed no later than: |
| January 31st Following Year |
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| 1099 Forms for Year 2004 |
| February 5, 2005 |
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2005 FEDERAL
TAX DEPOSIT REQUIREMENTS |
| For assistance, please call
the Dept. of the Treasury: 1-800-829-0115 |
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Monthly
Schedule Depositor - In October, the Department
of the Treasury reviewed the Forms 941 you filed for the
quarters ending September 30, 2003, December 31, 2003, March
31, 2004, and June 30, 2004, to determine your deposit requirements
for 2005. You are a monthly
depositor because your total tax liability for the four
quarters was $50,000 or less. This means that when you pay wages for any one month, your
deposit is due by the 15th day of the following month. It
is your responsibility to verify this information against
your quarterly tax records. |
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$100,000
Next Day Deposit Rule - If your accumulated Form
941 tax liability reaches $100,000 or more at any time
during a calendar month, your deposit is due by the next
banking
day. After that, you must make your deposits semi-weekly
rather than monthly. Semi-weekly means that if you pay
wages on Wednesday, Thursday, or Friday, your deposit
is due by
the following Wednesday. If you pay wages on Saturday,
Sunday, Monday, or Thursday, your deposit is due by the
following
Friday. If your accumulated Form 941 tax liability reaches
$100,000 or more at any time during a semi-weekly period,
your deposit is due the next banking day. |
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$2,500
Rule - If your total tax liability for any quarter
is less than $2,500, you can pay the amount when you file
your Form 941 instead of making deposits. If you're not sure
your total tax liability for the quarter will be less than
$2,500, deposit using the monthly rules so you won't be subject
to failure to deposit penalties. |
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ELECTRONIC DEPOSIT REQUIREMENT |
You must make your deposits electronically in 2005 if your
total tax deposits during the 2003 calendar year exceeded
$200,000, or if you were required to use the Electronic Federal
Tax Payment System (EFTPS) in 2004. |
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