March 2017 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 federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of March 2017.

March 1

Employers. Semi-weekly depositors must deposit employment taxes for Feb 22–Feb 24.

Farmers and fishermen. File 2016 income tax return (Form 1040) and pay any tax due. However, the deadline is extended to April if paid the 2016 estimated tax by January 17, 2017.

March 2

Health coverage reporting. Must provide Form 1095-C to full-time employees and provide Form 1095-B to responsible individuals.

March 3

Employers. Semi-weekly depositors must deposit employment taxes for Feb 25–Feb 28.

March 8

Employers. Semi-weekly depositors must deposit employment taxes for Mar 1–Mar 3.

March 10

Employers. Semi-weekly depositors must deposit employment taxes for Mar 4–Mar 7.

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 15

Employers. Semi-weekly depositors must deposit employment taxes for Mar 8–Mar 10.

Employers. For those to whom the monthly deposit rule applies, deposit employment taxes and nonpayroll withholding for payments in February 2017.

Partnerships. File Form 1065 and provide each partner with a copy of their Form 1065 (Schedule K-1).

Electing large partnerships. File Form 1065-B and provide each partner with a copy of their Form 1065-B (Schedule K-1). May request an automatic 6-month extension of time to file the return by filing Form 7004.

S corporations. File Form 1120S, pay any tax due, and provide each shareholder with a copy of their Form 1120S (Schedule K-1). May request an automatic 6-month extension of time to file the return by filing Form 7004.

S corporation election. File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2017.

March 17

Employers. Semi-weekly depositors must deposit employment taxes for Mar 11–Mar 14.

March 22

Employers. Semi-weekly depositors must deposit employment taxes for Mar 15–Mar 17.

March 24

Employers. Semi-weekly depositors must deposit employment taxes for Mar 18–Mar 21.

March 29

Employers. Semi-weekly depositors must deposit employment taxes for Mar 22–Mar 24.

March 31

Employers. Semi-weekly depositors must deposit employment taxes for Mar 25–Mar 28.

Payers of gambling winnings. If filing electronically, file copies of all Forms W-2G issued for 2016.

Large food and beverage establishment employers. If filing electronically, file Forms 8027 for 2016.

Applicable large employers. If filing electronically, file Forms 1094-C and 1095-C for 2016.

April 5

Employers. Semi-weekly depositors must deposit employment taxes for Mar 29–Mar 31.

Written by

Steve Moss, CPA is a partner at Holden Moss CPAs and loves helping businesses and their owners grow to be the very best they can be. Our other offices include Raleigh, Oxford and Warrenton. We are a little different at Holden Moss CPAs. While we still provide traditional tax and accounting services, years ago we realized many clients wanted help in running their businesses and were hungry for ideas, solutions, strategy, and execution. In response, we expanded our skill set and joined Ran One, a global network of business consulting firms. Our membership with Ran One gives us access to proprietary resources and analytical software to help our clients grow, become more profitable and valuable, and have the lifestyle they desire. Now, blended into the fabric of our normal tax and accounting needs, we are focused on our clients’ businesses in a very different way. While our approach is not right for everyone, for those whom it is, incredible results may be obtained. Whether you have a new, or established, business, or for those in transition of selling or retiring, or for those who simply need to develop an exit strategy or succession plan, our unique approach to client service may be the edge you need.

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