All businesses - File information returns (Form 1099) for certain payments you made during 2004. These payments are described under January 31. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment. See the 2004 Instructions for Forms 1099, 1098, 5498, and W-2G for information on what payments are covered, how much the payment must be before a return is required, what form to use and extensions of time to file. If you file Forms 1098, 1099, or W-2G electronically (not y magnetic media), your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms will still be February 2.
March 10
Employees who work for tips - If you received $20 or more in tips during February, report them to your employer. You can use Form 4070, Employee’s Report of Tips to Employer.
March 15
Employers - Social Security, Medicare and withheld and withheld income tax. If the monthly rule applies, deposit the tax for payments in February. Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in January. Corporations - File a 2004 calendar year income tax return (Form 1120 or 1120-A) and pay any tax due. If you want an automatic 6 month extension of time to file the return file Form 7004 and deposit what you estimate you owe. S Corporations - File a 2004 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1Provide each shareholder with a copy of Schedule K-1 (Form 1120S, Shareholder’s Share of Income, Credits, Deductions, etc., or a substitute Schedule K-1. If you want an automatic 6 month extension of time to file the return file Form 7004 and deposit what you estimate you owe. Electing large partnerships - Provide each partner with a copy of Schedule k-1 (Form 1065-B), Partner’s Share of Income (Loss) From an Electing Large Partnership. This due date is effective for the first March 15 applies even if the partnership requests an extension of time to file the Form 1065-B by filing Form 8736 or Form 8800. S Corporation Election - File Form 2553, Election by a Small Business Corporation, to choose to be treated as an S corporation beginning with calendar year 2005. If Form 2553 is filed late, S treatment will begin with calendar year 2005.
March 31
Electronic filing of Forms 1098, 1099, and W-2G. File Forms 1098, 1099 or W-2G with the IRS. This due date applies only if you file electronically (not by magnetic media). Otherwise, see February 28. The due date for giving the recipient these forms will still be January 31. For information about filing Forms 1098, 1099 or W-2G electronically, see Publication 1220, Specifications for Filing Forms 1098, 1099, 5498 and W-2G Magnetically or Electronically.
