Small Business Taxes & Management

To Do List -- Federal

January 10, 2023

Form 4070, employees who received $20 or more in tip income in December.

January 17, 2023

Employment tax deposits (for December 2022) due for monthly depositors.
Form 1040-ES, 4th installment of estimated tax for 2022 for individuals due.
Form 1041-ES, 4th installment of estimated tax for 2022 for trusts due.

January 31, 2023

Form 1099s for prior year must be mailed to recipients of dividends, interest, original issue discount, miscellaneous income, rent, certain other distributions, and certain other payments made in 2022. IRS copy must also be mailed today for 1099-NEC with nonemployee compensation.
Form W-2 must be mailed to 2022 employees; copy to Social Security Administration also due.
Form 941, due for 4th Quarter 2022.
Form 940, (FUTA) due for 2022.
Form 943, due for 2022 (social security and withholding for farm workers).
Form 945, due for 2022 to report withholding on nonpayroll payments.
FUTA tax deposit due.
Form 8308, statement to transferor and transferee involved in exchange of partnership interest.
Statement to payer in transaction involving more than $10,000 cash during 2021.

Note: For Forms 940, 941, 943, 945, taxpayers who deposited taxes in full and on time the filing deadline is February 10.

Various

Form 8300 (statement to payer of cash of more than $10,000) must be filed with the IRS by the 15th day following the transaction.

Semi-Weekly Employment Tax Deposit Schedule for January:

Payroll Date Deposit Date

Jan 1-3 Jan 6

Jan 4-6 Jan 11

Jan 7-10 Jan 13

Jan 11-13 Jan 19

Jan 14-17 Jan 20

Jan 18-20 Jan 25

Jan 21-24 Jan 27

Jan 25-27 Feb 1

Jan 28-31 Feb 3

Feb 1-3 Feb 8

Special Rule: Employers must deposit taxes on next banking day after date employment tax liability exceeds $100,000.

Copyright 2022 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Articles in this publication are not intended to be used, and cannot be used, for the purpose of avoiding accuracy-related penalties that may be imposed on a taxpayer. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources.--ISSN 1089-1536

Payroll Date	Deposit Date
Jan 1-3	Jan 6
Jan 4-6	Jan 11
Jan 7-10	Jan 13
Jan 11-13	Jan 19
Jan 14-17	Jan 20
Jan 18-20	Jan 25
Jan 21-24	Jan 27
Jan 25-27	Feb 1
Jan 28-31	Feb 3
Feb 1-3	Feb 8