Below is a list of the principal 2003 tax due dates. The effect of Saturdays, Sundays, and federal (but not state) holidays has been taken into account.
   
January 15, 2003
       
 

Individuals.
Make a payment of your estimated tax for 2002, if you didn't pay your income tax for the year through withholding (or didn't pay in enough tax that way). Use Form 1040-ES or pay by credit card or by EFTPS. This is the final installment date for 2002 estimated tax. However, you don't have to make this payment if you file your 2002 return (Form 1040) and pay any tax due by Jan. 31, 2003.

Farmers and fishermen.
Pay your estimated tax for 2002 using Form 1040-ES or pay by credit card or by EFTPS. You can then file your 2002 income tax return (Form 1040) by Apr. 15. If you don't pay at this time, your 2002 return will be due Mar. 3, 2003.
 
   
 
 
January 31, 2003
       
 

All employers.
Give your employees their copies of Form W-2 for 2002.

All businesses.
Give an annual information statement to recipients of certain payments you made during 2002. (You can use a copy of the appropriate Form 1099.)

Individuals.
File your income tax return (Form 1040) for 2002 if you didn't pay your last installment of estimated tax by Jan. 15. Filing your return now prevents any penalty for late payment of the last installment.
   
 
 
February 17, 2003
       
 

Individuals.
If you claimed exemption from income tax withholding for 2002 on the Form W-4 you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.
   
 
 
February 28, 2003
       
 

All businesses.
File an information return (Form 1099) with IRS for certain payments you made during 2002. There are different versions of Form 1099 for different types of payments. Use a separate Form 1096 to summarize and transmit each separate version. For a 30-day extension of time to file, use Form 8809. The due date for electronic filers is Apr. 1, 2003.

All employers.
File Form W-3 along with Copy A of all the Form W-2s you issued for 2002. The due date for electronic filers is Apr. 1, 2003.

Large food and beverage establishment employers.
File Form 8027 to report tip income and allocated tips. Use Form 8027-T to summarize and transmit Form 8027 if you have more than one establishment. The due date for electronic filers is Apr. 1, 2003.
   
 
 
March 3, 2003
       
 

Farmers and fishermen.
File your 2002 income tax return (Form 1040) and pay any tax due. However, you have until Apr. 15, if you paid your 2002 estimated tax by Jan. 15, 2003.
   
 
 
March 17, 2003
       
 

C corporations and S corporations.
File a 2002 calendar year income tax return (Form 1120, Form 1120-A or Form 1120S) and pay any tax still due. If you want an automatic six-month extension, file Form 7004 and deposit what you estimate you owe.

S elections.
File Form 2553 to choose to be treated as an S corporation, beginning with calendar year 2003. If Form 2553 is filed late, S treatment will begin with calendar year 2004 (unless IRS determines there was reasonable cause for failure to file on time).
   
 
 
April 15, 2003
       
 

Individuals.
File an income tax return for 2002 (Form 1040, Form 1040A, or Form 1040EZ), and pay any tax due. Taxpayers who can't make payments should request (on Form 9465) an agreement to pay in installments. If you want an automatic four-month extension to file, file Form 4868 and estimate your tax or pay by credit card. Then file Form 1040 or Form 1040A by Aug. 15. If you want an additional two-month extension, file Form 2688 as soon as possible, so that your application can be acted on before Aug. 15. A U.S. citizen or resident whose tax home or abode is outside the U.S. and Puerto Rico and a U.S. citizen or resident in military or naval service on duty outside the U.S. and Puerto Rico get automatic two-month extensions, see June 16, below.

If you paid cash wages of $1,300 or more in 2002 to a household employee you must file Schedule H with your income tax return (Form 1040) and report any employment taxes and withheld income taxes for those employees.

Individuals.
Contributions to an IRA for 2002 must be made by this date.

Individuals.
If you aren't paying your 2003 income tax through withholding (or won't pay in enough tax during the year that way), pay the first installment of your 2003 estimated tax by this date. Use Form 1040-ES or pay by credit card or by EFTPS.

Partnerships.
File a 2002 calendar year return (Form 1065) and provide each partner with a copy of Schedule K-1. For an automatic three-month extension, file Form 8736. If an additional 3-month extension is needed, file Form 8800.

Corporations.
Deposit the first installment of estimated income tax for 2003.
   
 
 
June 16, 2003
       
 

Individuals.
If you are a U.S. citizen or resident alien living and working (or on military duty) outside the U.S. and Puerto Rico, file your 2002 Form 1040 and pay any tax, interest and penalties due. Otherwise, see April 15, above. However, if you are a participant in a combat zone you may be able to further extend the filing deadline.

Make the second installment payment of your 2003 estimated tax, if you aren't paying your income tax for the year through withholding (or won't pay in enough tax that way). Use Form 1040-ES or pay by credit card or by EFTPS.

Corporations.
Deposit the second installment of estimated income tax for 2003.
   
 
 
July 15, 2003
       
 

Partnerships.
File a 2002 calendar year income tax return if you were given an automatic 3-month extension.
   
 
 
July 31, 2003
       
 

All employers.
If you maintain an employee benefit plan, such as a pension, profit-sharing, or stock bonus plan, file Form 5500 or Form 5500-EZ for calendar year 2002. If you use a fiscal year as your plan year, file the form by the last day of the seventh month after the plan year ends.
   
 
 
August 15, 2003
       
 

Individuals.
If you were given an automatic four-month extension to file your income tax return for 2002, file Form 1040 and pay any tax, interest, and penalties due.
   
 
 
September 15, 2003
       
 

Individuals.
Make the third installment payment of your 2003 estimated tax, if you aren't paying your income tax for the year through withholding (or won't pay in enough tax that way). Use Form 1040-ES or pay by credit card or by EFTPS.

C corporations and S corporations.
File a 2002 calendar year income tax return (Form 1120 or Form 1120-A, or Form 1120S) and pay any tax due if you were given an automatic six-month extension.

Corporations.
Deposit the third installment of estimated income tax for 2003.
   
 
 
During November, 2003
       
 

Income tax withholding.
Request employees whose withholding exemptions will be different in 2004 to fill out a new Form W-4.

Earned income credit.
Request each eligible employee who wants to receive advance payments of the earned income credit during 2004 to fill out a new Form W-5.
   
 
 
December 15, 2003
       
 

Corporations.
Deposit the fourth installment of estimated income tax for 2003.
   
   
 
 
Employment Tax Deposits
       
 

Income Tax Withholding, FICA Taxes, Backup Withholding.
Employment taxes are withheld income tax, FICA contributions and backup withholding on reportable payments. Generally, an employer must make either MONTHLY or SEMI-WEEKLY deposits during a calendar year based upon the aggregate amount of employment taxes paid during the "lookback" period. The lookback period for each calendar year is the 12-month period that ended the preceding June 30. Thus, an employer's obligation to make deposits in 2003 will be based upon the aggregate employment taxes paid during the period July 1, 2001, through June 30, 2002. (New employers are considered to have an aggregate tax liability of zero for any calendar quarter in which the employer did not exist.)

Monthly Deposits. Monthly deposits are required if the aggregate amount of employment taxes reported by the employer for the lookback period is $50,000 or less. Monthly deposits are due on the 15th day of the following month in which the payments were made.

Semi-weekly Deposits. An employer is a semi-weekly depositor for the entire calendar year if the aggregate amount of employment taxes during the lookback period exceeds $50,000. Further, a monthly depositor will become a semi-weekly depositor on the first day after the employer becomes subject to the One-Day Rule, discussed below. Semi-weekly deposits are generally due on either Wednesday or Friday — depending upon the timing of the employer's pay period. Employers with payment dates (paydays) that fall on Wednesday, Thursday or Friday must deposit the employment taxes on or before the following Wednesday. Employers with payment dates that fall on Saturday, Sunday, Monday or Tuesday must make their deposit on or before the following Friday. However, an employer will always have three banking days in which to make the deposit. Thus, if any of the three weekdays following the close of a semi-weekly period is a holiday, then the employer will have an additional banking day in which to make the deposit.

One-Day Rule. If an employer has accumulated $100,000 or more of undeposited employment taxes, then the taxes must be deposited by the close of the next banking day.

Federal Unemployment Taxes.
The calendar year is divided into four quarters for purposes of determining when deposits of federal unemployment tax are necessary. The periods end on March 31, June 30, September 30 and December 31. If the employer owes more than $100 in undeposited federal unemployment tax at the end of a quarter, then the tax owed must be deposited by the end of the next month.		  
 
302 North Minnesota
Carson City, NV 89703
Phone 775.884.3215
Fax 775.884.2410
Info@coweecpa.com