Major Tax Deadlines -For March 2009

* March 2 - Farmers and fishermen who did not make 2008 estimated tax payments must file 2008 tax returns and pay taxes in full.
* March 2 - Payors must file information returns (such as 1099s) with the IRS. (Electronic filers have until March 31 to file.)
* March 2 - Employers must send W-2 copies to the Social Security Administration. (Electronic filers have until March 31 to file.)
* March 8 - Daylight Saving Time begins.
* March 16 - 2008 calendar-year corporation income tax returns are due.
* March 16 - Deadline for calendar-year corporations to elect S corporation status for 2009.
* March 31 - Deadline for payors who file electronically to file 2008 information returns (such as 1099s) with the IRS.
* March 31 - Deadline for employers who file electronically to send copies of 2008 W-2s to the Social Security Administration.
NOTE: Businesses are required to make federal tax deposits on dates determined by various factors that differ from business to business.
Payroll tax deposits: Employers generally must deposit Form 941 payroll taxes (income tax withheld from employees' pay and both the employer's and employees' share of social security taxes) on either a monthly or semiweekly deposit schedule. There are exceptions if you owe $100,000 or more on any day during a deposit period, if you owe $2,500 or less for the calendar quarter, or if your estimated annual liability is $1,000 or less.
* Monthly depositors are required to deposit payroll taxes accumulated within a calendar month by the fifteenth of the following month.
* Semiweekly depositors generally must deposit payroll taxes on Wednesdays or Fridays, depending on when wages are paid.
For more information on tax deadlines that apply to you or your business, contact our office in
Fall River: (508)679-6079 New Bedford (508)999-0020
Visit our Website at: http://www.rodriguesandcompany.com