February 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of February 2016.

February 1
Individuals. Individuals may file their 2015 Form 1040 and avoid any penalty otherwise assessed for not making the final installment of 2015 estimated tax payment by January 15.

February 1
Businesses. Give annual information statements to recipients of certain payments made during 2015. These information returns include (but are not limited to) Forms 1097-BTC, 1098, 1098-C, 1098-E, 1098-MA, 1098-T, and all 1099 series returns. 

All employers. Give employees their copies of Form W­2 for 2015. If an employee agreed to receive Form W­2 electronically, have it posted on a website and notify the employee of the posting.

February 3
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates January 27–29. 

February 5
Employers. Semi-weekly depositors must deposit employment taxes for payroll date January 30–Feb. 2. 

February 10
Employees who work for tips. Employees who received $20 or more in tips during January must report them to their employer using Form 4070.

Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 3–5.

February 12
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 6–9. 

February 16
Individuals. Individuals wishing to continue claiming the same number of exemptions from income tax withholding as in the previous tax year must submit Form W-4, Employee’s Withholding Allowance Certificate, to their employer. 

Businesses. File information returns with the IRS for certain payments made during 2015. These information returns only apply to payment reported on Form 1099-B, 1099-S, or Form 1099-MISC box 8 or 14.

February 18
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 10–12. 

February 19
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 13-16. 

February 24
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 17–19. 

February 26
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 20-23. 

February 29
All businesses. File information returns with the IRS (for example, Forms 1099) for certain payments made during 2015. These payments are described under February 1. 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 General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a return is required. 

Farmers and fishermen. File 2015 income tax return (Form 1040) and pay any tax due, without penalty for having not paid 2015 estimated tax by January 15, 2016. Otherwise, file by April 18.

March 2
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 24–26. 

March 4
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 27–March 1.

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Content provided by CCH. If and only to the extent that this publication contains contributions from tax professionals who are subject to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, the publisher, on behalf of those contributors, hereby states that any U.S. federal tax advice that is contained in such contributions was not intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose.
 

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