March 2015 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 March 2015.

March 2
Employers. File Forms 1097, 1098, 1099, 3921, 3922, and W2G with the IRS for certain payments made in 2014. Such payments may include, but are not limited to, the following: cash payments for fish purchased from anyone engaged in the trade or business of catching fish; compensation for workers who are not considered employees; dividends and other corporate distributions; interest; rent; royalties; payments of Indian gaming profits to tribal members; profit sharing distributions; retirement plan distributions; original issue discount; prizes and awards; medical and health care payments; debt cancellation; and cash payments over $10,000. If filing electronically, see March 31.

In addition, employers must file copies of all the Forms W-2 and W-2G, Certain Gambling Winnings, issued for 2014. If filing electronically, see March 31.

March 4
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 25–27.

March 6
Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 28–March 3.

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

March 11
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 4–6.

March 13
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 7–10.

March 16
Corporations. File a 2014 calendar year income tax return (Form 1120) and pay any tax due.
S corporations. File a 2014 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K1 (Form 1120S), Shareholder’s Share of Income, Deductions, Credits, etc., or a substitute Schedule K1.
S corporation election. File Form 2553, Election by a Small Business Corporation, to elect to be treated as an S corporation beginning with calendar year 2015.
Electing large partnerships. Provide each partner with a copy of Schedule K1 (Form 1065B), Partner’s Share of Income (Loss) From an Electing Large Partnership, or a substitute Schedule K1.

March 18
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 11–13.

March 20
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 14–17.

March 25
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 18–20.

March 27
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 21–24.

March 31
Employers. Electronically file Forms 1097, 1098, 1099, 3921, 3922, and W2G with the IRS for certain payments made during 2014. See March 2 for a non-exclusive listing of types of payments covered. Electronically file copies of all the Forms W-2 issued for 2014. Electronically file copies of all the Forms W-2G, Certain Gambling Winnings, issued for 2014.

April 1
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 25–27.

April 3
Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 28–31.

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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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