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2014 Tax Survival Guide

Due Dates for Businesses

Due Date

Extended Date

Action Required

1/31

N/A

 Forms 1098, 1099, W-2 to be furnished to recipients

2/18

N/A

 Forms 1099-B to be furnished to recipients

3/03

N/A

 NYS Partnership  /LLP / LLC FilingFee Form IT-204-LL*

3/17

 9/15

 C-Corp Form 1120*

3/17

9/15

 S-Corp Form 1120S*

4/15

9/15

 Partnership/LLC Form 1065*

5/15

8/15

 Exempt Organization Form 990*

5/15

8/15

 Private Foundation Form 990-PF*

6/30

N/A

 Report of Foreign Bank & Financial Accounts (FBAR)

7/31

10/15

 Employee Benefit Plan Form 5500 or 5500-EZ*
* For Calendar Year-End Businesses Only

 

Business Mileage Rate

2104

2013
Business Mileage Rate

$.56

$.565

 

Sales Tax Due Dates

3/20

 Annual or 1st Quarterly Payment

6/20

 2nd Quarterly Payment

9/22

 3rd Quarterly Payment

12/22

 4th Quarterly Payment

 

Payroll Tax Due Dates

  1/31

 Annual or 4th  Quarterly Payment

  4/30

 1st Quarterly Payment

  7/31

 2nd Quarterly Payment

10/31

 3rd Quarterly Payment

 

Social Security/Medicare

Social Security/Medicare

2104

2013
Taxable wage base

$117,000

$113,700
Social Security tax rate:

Employees

Employers

6.20%

6.20%

6.20%

6.20%
Medicare tax rate:

Employees

Employers

1.45%

1.45%

1.45%

1.45%
Employees – additional Medicare withholdings on wages >$200,000

 .09%

.09%