For January 2008

	January 15	Final 2007 individual estimated tax payment is due, unless 2007 tax return is filed and taxes are paid in full by January 31, 2008.
	January 31	Employers must provide 2007 W-2 statements to employees.
	January 31	Payers must provide 2007 Form 1099s to payees.
	January 31	Employers must generally file Form 941 for the fourth quarter of 2007 and pay any tax due.
	January 31	Employers must generally file 2007 federal unemployment tax returns and pay any tax due.

NOTE: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business.

Payroll tax deposits: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees' pay and both the employer's and employees' share of social security taxes) on either a monthly or semiweekly deposit schedule. There are exceptions if you owe $100,000 or more on any day during a deposit period, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.

• Monthly depositors are required to deposit payroll taxes accumulated within a calendar month by the fifteenth of the following month.
  
• Semiweekly depositors generally must deposit payroll taxes on Wednesdays or Fridays, depending on when wages are paid.
  

For more information on tax deadlines that apply to your business, contact our office.

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