January 2017 Tax Filing Deadlines & News You Need to Know

January 2017 Tax deadlines

Mark your calendar: First quarter 2017 tax filing deadlines

Tax return filing season has arrived, which means it’s time to mark your calendar for these 2017 tax deadlines

  • January 17
    Due date for the fourth and final installment of 2016 estimated tax for individuals (unless you file your 2016 return and pay any balance due by January 31).

  • January 31
    Employers must furnish 2016 W-2 statements to employees, and send copies to the Social Security Administration (both paper and electronic).

  • January 31
    Payers must file all copies of 2016 Forms 1099-MISC with non-employee compensation in Box 7. For these forms, the January 31 due date applies to both paper and electronic filing

  • January 31
    Employers must generally file 2016 federal unemployment tax returns and pay any tax due.

  • February 28
    Payers must file information returns (except certain Forms 1099-MISC) with the IRS. (Except for certain Forms 1099-MISC, March 31 is the deadline if filing electronically.)

  • March 1
    Farmers and fishermen who did not make 2016 estimated tax payments must file 2016 tax returns and pay taxes in full.

  • March 2
    Large employers must furnish Form1095-B and Form 1095-C to employees.

New Due Dates for Forms W-2 and 1099

Did you spot the new due dates on the tax calendar? As you begin your January payroll preparation, take into account earlier due dates for two common information reporting forms.

Forms W-2 for 2016 are due January 31 for all copies. In the past, you had to provide Forms W-2 to your employees by January 31. Now the January 31 deadline also applies to copies submitted to the Social Security Administration.

The due date for filing all copies of 2016 Forms 1099-MISC with non-employee compensation in Box 7 is January 31, 2017. For these forms, the January 31 due date also applies to both paper and electronic filing.

IRS Extended the Due Date for Forms 1095

When you’re an applicable large employer (generally, when you employ 50 or more full-time workers and equivalents), you’re required to provide information about health coverage to the IRS and to your employees. The IRS extended the date on which two of these forms are due to your employees.

Instead of being due January 31, Form 1095-B, Health Coverage, and Form 1095-C, Employer Provided Health Insurance Offer and Coverage, are now due March 2, 2017.

There is no change to the February 28, 2017, due date for filing paper forms with the IRS, nor the March 31, 2017, due date for filing electronically.

Questions?

Do you have questions about the 2017 tax filing deadlines – or need assistance? We’re here to help. Please contact us today.

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