Individuals and Corporations: Call TaxPlus+ to arrange a workable plan to suit your special needs in meeting your tax reporting responsibilities, either by using email or in person or a combination of the two. We can work with you at times convenient for you.
January 1
Monthly email newsletters and periodic alerts about relevant client tax deadlines, information and open office events. New clients, join our mailing list!
January 15
All existing TaxPlus+ clients: Keep an eye out for a Tax Organizer with your previous year’s data to help you organize this years tax information. If you do not receive it by January 15, contact or drop by the office and we will provide it.
January – Federal Specific
Employers: Give employees their copies of Form W-2 for last year by February 1. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 1.
January 15
Individuals: Make a payment of your estimated tax for last year if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES. This is the final installment date for your last year’s estimated tax. However, you do not have to make this payment if you file your last year’s return (Form 1040) and pay any tax due by February 1.
Employers: Social security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments for December of last year.
Employers: Non-payroll withholding. If the monthly deposit rule applies, deposit the tax for payments for December of last year.
January – State Specific
Resellers: File and pay state sales taxes you have collected as obliged by the California State Board of Equalization (BOE) on the date of the month that has been designated for you. State Sales Tax is considered delinquent a month after due date if not paid. THE IRS, the L.A. Office of Finance, and the State Board of Equalization (BOE), California’s sales tax collector, compare notes, crosschecking filings to identify discrepancies. For example, they may be looking for those who show income on a Schedule C included with an IRS 1040, but didn’t file their state sales tax. State sales taxes are paid if you sell any products retail. Sales taxes are due depending on business start-up month and designated filing periods. Returns and payments are due, (1) if you file monthly, within one month from the end of the month; (2) if you file quarterly, within one month from the end of the quarter; or (3) if you file on a calendar or fiscal year basis, within one month from the end of the calendar or fiscal year. If the due date of your return falls on Saturday, Sunday or a holiday, postmark next business day to avoid late fees.
January 15
Individuals: Fourth-quarter estimated tax is due for last year (Form 540-ES)
January – County Specific
January – City Specific
Independent contractors, resellers, self-employed:
Keep an eye out for your City Business Tax Renewal form sent in the mail in January if you already have your City of Los Angeles Business Registration. If you did business in the City as an independent contractor, reseller, or are self-employed as a designer, artist, actor, musician, etc., you must register with the City of Los Angeles Department of Finance. (See February City for more information.)
