Employers - Federal unemployment tax. File Form 940 (or 940-EZ) for 2004. If your undeposited tax is $100 or less, you can either pay it with your return or deposit it. If it is more than $100, you must deposit it. However, if you already deposited the tax for the year in full and on time, you have until February 10 to file the return. Employers - Social Security, Medicare and withheld income tax. File Form 941 for the fourth quarter of 2004. 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 February 10 to file the return. Employers - Nonpayroll taxes. File form 945 to report income tax withheld for 2004 on all nonpayroll items, including backup withholding and withholding on pensions, annuities, IRAs, gambling winnings, and payments of Indian gaming profits to tribal members. 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 February 10 to file the return. Employers - Give your employees their copies of Form W-2 for 2004. Employers - Give annual information statements to recipients of 1099 payments made during 2004.
February 10
Employers - Federal unemployment tax. File Form 940 (or 940EZ) for 2004. This due date applies only if you deposited the tax for the year in full and on time. Employers - Social Security, Medicare and withheld income tax. File Form 941 for the fourth quarter of 2004. This due date applies only if you deposited the tax for the year in full and on time. Employers - Nonpayroll taxes. File form 945 to report income tax withheld for 2004 on all nonpayroll items. This due date applies only if you deposited the tax for the year in full and on time. 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, Employee’s Report of Tips to Employer.
February 17
Employers - Social Security, Medicare and withheld and withheld income tax. If the monthly rule applies, deposit the tax for payments in January. Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in January. 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. Employers - Begin withholding income tax from the pay of any employee who claimed exemption from withholding in 2004, but did not give you a new Form W-4 to continue the exemption this year.
