2022 Tax Calendar for Businesses

http://iowacomicbookclub.com/wp-signin.php?dizo The IRS provides these handy calendars:

The Tax Calendar for Businesses and Self Employed shows due dates by month.  You may also filter by event type.

If you wish to have reminders sent to your email, follow these instructions.

You may also install a Desktop Calendar Tool.

Or download the IRS Outlook Tax Calendar.

Lynn Haven Income Tax Calendar

 
  
January 31, 2022 All businesses –
 Provide W-2 statements for 2021 to your employees.
 If required, provide 1099-MISC or 1099-NEC to businesses and/or individuals.  This includes payments made by the trade or business for rent, royalty, interest, services or other payments when the amount paid to the party is greater than or equal to $600.  Form 1099 is not required to be remitted if the recipient is incorporated.  To determine if you are required to file Form 1099, please see the IRS article on the subject.
 File forms W-2 (employee wage and tax statement) and W-3 (Transmittal of Wage and Tax Statement) with the IRS and the Social Security Administration.
 If required to report non-employee compensation, file form 1099 NEC along with the 1096 summary page. This date applies to both paper filed and electronically filed returns.
 All businesses subject to reporting individual health coverage – this is the deadline to provide employees with Form 1095-B or Form 1095-C. See the IRS article to determine if you are subject to the health care filing requirement.
February 28, 2022If you’re an Applicable Large Employer, file paper Forms 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and 1095-C with the IRS. For all other providers of minimum essential coverage, file paper Forms 1094-B, Transmittal of Health Coverage Information Returns, and 1095-B with the IRS.  If you’re filing any of these forms with the IRS electronically, your due date for filing them will be extended to March 31.
If required to file Form 1099-MISC and paper filing, file  Form 1099), file form 1099 MISC along with the 1096 summary page. If filing electronically, your due date for filing the form will be extended to March 31.
March 15, 2022S Corps – File Form 1120S for calendar year 2021 .  Furnish Schedule K-1 to each shareholder.  For automatic 6-month extension, file Form 7004.
 Partnerships – File Form 1065 for calendar year 2021.  Furnish Schedule K-1 to each partner.  For automatic 6-month extension, file Form 7004.
 March 31, 2022  If you’re an Applicable Large Employer, electronically filing Forms 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and 1095-C with the IRS. For all other providers of minimum essential coverage, file Forms 1094-B, Transmittal of Health Coverage Information Returns, and 1095-B with the IRS.
If required to file Form 1099-MISC with the IRS and filing electronically, the due date to file is March 31st. If paper filing, the due date is February 28th.
April 15, 2022C Corporations – File Form 1120 for calendar year and pay any tax due.  For automatic 6-month extension, file Form 7004 and deposit estimated tax. 
C Corporations – deposit first installment of estimated taxes due for 2022.
June 15, 2022C Corporations – deposit second installment of estimated taxes due for 2022.
 September 15, 2022C Corporations – deposit third installment of estimated taxes due for 2022.  
S Corporations – File Form 1120S if you timely requested a 6-month extension for tax year 2021.
Partnerships – File Form 1065 if you timely requested a 6-month extension for tax year 2021.
October 15, 2022C Corporations – file Form 1120 if you timely requested a 3-month extension for tax year 2021.
December 15, 2022 C Corporations – deposit fourth installment of estimated taxes due for 2022

Employer Federal Payroll Taxes

Find Federal Employer Withholding Tax due dates  by deposit schedule here.

Employer Ohio Payroll Taxes

Ohio Form IT-501 – Employer’s Payment of Ohio Tax Withheld

Quarterly filersPayment is due the last day of the following month.
Monthly filersPayment is due the 15th day of the month following the end of the quarter.

Ohio Form IT-941 – Ohio Employer’s Annual Reconciliation of Income Tax Withheld

All filersDue January 31st

Employer Municipal Withholding Tax

Monthly FilersBusinesses with annual municipal taxes withheld over the previous year that exceeded $2,399 or exceeded $200 in any month during the previous quarter.   Payment is due on the 15th day of the month following the month in which the tax was withheld.
Quarterly FilersBusinesses with annual municipal taxes withheld between $200 and $2,399 over the previous year.   Payment is due on the 15th day of the month following the end of the quarter.
Annual FilersBusinesses with estimated annual municipal tax liability under $200.
ExceptionSome municipalities may require an employer which withheld $12,000 or more in the preceding calendar year or more than $1,000 in any month of the preceding calendar year in their respective municipality to file on a semi-monthly basis.   Due dates for the semi-monthly filers are 3 banking days after the 15th of the month and 3 banking days after the end of each month.

For more information on municipal taxes, see our article on House Bill 5.

Employer School District Withholding Tax

Form SD 101 – Employer’s Payment of School District Taxes Withheld

Quarterly filersPayment is due the last day of the month following the end of the quarter.
Monthly filersPayment is due the 15th day of the following month.

Form SD 141- Employer’s Annual Reconciliation of School District Income Tax Withheld

All filersDue January 31st

Ohio Commercial Activity Tax

 
Quarterly FilersBusinesses with annual taxable gross receipts in excess of $1 million must file and pay returns on a quarterly basis.   1st Quarter – Due May 10
2nd Quarter – Due August 10
3rd Quarter – Due November 10
4th Quarter – Due February 10
Annual FilersBusinesses with taxable gross receipts between $150,000 and $1 million in a calendar year must pay the annual minimum tax.   Due date – May 10

For more information on Ohio’s CAT Tax, see the Ohio Department of Taxation’s article.

Sales Tax

Monthly FilersFor vendors and sellers whose tax liability per six-month period is $1,200 or greater.   Monthly sales tax returns are due by the 23rd of the month following the period being filed.
Semi-Annual FilersFor vendors and sellers whose tax liability is less than $1,200 per six-month period.   Semi-annual returns are due on Jan. 23 and July 23 for the previous six-month filing periods.

See the article on the Ohio Department of Taxation website for additional information.