Copyright 2008 Bookkeeping R Us All Rights Reserved
February 1
Deposit Payroll Taxes for payments on Jan 26-29 if the semiweekly deposit rule applies
February 6
Deposit Payroll Tax for payments on Jan 30-Feb 1 if the semiweekly deposit rule applies
February 8
Deposit Payroll Tax for payments on Feb 2-5 if the semiweekly deposit rule applies
February 11
Employers are required to report to you tips of $20 or more earned during January
File Forms 940, 941, 943, 944 and/or 945 if you timely deposited all required payments
February 13
Deposit Payroll Tax for payments on Feb 6-8 if the semiweekly deposit rule applies
February 15
Secure a new Form W-4 from employees claiming “exempt” during 2007
Deposit Payroll Tax for January if the monthly deposit rule applies
Deposit Payroll Tax for payments on Feb 9-12 if the semiweekly rule applies
Begin withholding income tax from employees who claimed exemption from withholding in 2007 but did not submit a new Form W-4 on Saturday February 16th
February 21
Deposit Payroll Tax for payments on Feb 13-15 if the semiweekly deposit rule applies
February 22
Deposit Payroll Tax for payments on 16-19 if the semiweekly deposit rule applies
February 27
Deposit Payroll Tax for payments on Feb 20-22 if the semiweekly rule applies
February 28
File information returns (Forms 1098, 1099 and W-2G) for certain payments made during 2007
February 29
File Form W-3 “Transmittal of Wage and Tax Statements” along with Copy A of all Forms W-2 you issued in 2007
File Form 730 and pay the tax on wagers accepted during January
File Form 2290 and the tax for vehicles first used in January
File Form 8027 if you are a large food or beverage establishment
Deposit Payroll Tax for payments on Feb. 23-26 if the semiweekly deposit rule applies
This listing represents the most common filing and deposit requirements for small businesses, but is not intended to cover every tax and tax filing due for every business or individual. Should you have any questions regarding your individual situation, please consult with your accountant, your tax preparer or the Internal Revenue Service.
You may also have state and/or local returns and deposits due doing the month of February depending on the location of your business. Check with your local and state government agencies for more information.