Tuesday, June 11, 2013

June 2013 Business Due Date Reminders

June 17 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, June 17 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for May 2013. This is also the due date for the non-payroll withholding deposit for May 2013 if the monthly deposit rule applies. June 17 - Corporations Deposit the second installment of estimated income tax for 2013 for calendar year corporations. June 30 - Taxpayers with Foreign Financial Interests A U.S. citizen or resident,...

June 2013 Individual Due Date Reminders

June 17 - Estimated Tax Payment Due It’s time to make your second quarter estimated tax installment payment for the 2013 tax year. Our tax system is a “pay-as-you-go” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement. These include: Payroll withholding for employers; Pension withholding for retirees; and Estimated tax payments for self-employed individuals and those with other sources of income not covered by withholding. When...