March 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 March 2016.

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

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

March 9
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 2–4.

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 dates March 5–8.

March 15
Corporations. Corporations must file their income tax returns Form 1120 and pay any tax due. For those that want an automatic 6-month extension of time to file their returns, file Form 7004 and deposit an estimate of the tax owed.

S corporations. S corporations must file their income tax returns using Form 1120S, pay any tax due, and provide each shareholder with a copy of their Schedule K-1 Form 1120S.

S corporation election. Eligible entities that wish to elect S corporation treatment to begin with calendar year 2016 must file Form 2553.

Electing large partnerships. Electing large partnerships must provide each partner with a copy of Schedule K-1 on Form 1065-B.

Social security, Medicare, and withheld income tax. For those to whom the monthly deposit rule applies, deposit the tax for payments in February.

Nonpayroll withholding.   For those to whom the monthly deposit rule applies, deposit the tax for payments in February.

March 16
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 9–11.

March 18
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 12–15.

March 23
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 16–18.

March 25
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 19–22.

March 30
Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 23–25.

March 31
All businesses. File Forms 1097, 1098, 1099, 3921, 3922 and W-2G if filing electronically. Otherwise, see February 29.

Employers. For employers who electronically file, file copies of all the Forms W-2, Forms W-2G, and Forms 8027 issued in 2015. Otherwise, see February 29.

Employers. For employers who electronically file, file copies of all the Forms W-2G issued in 2015. Otherwise, see February 29.