TAX FILIING REMINDERS – DECEMBER 2021

December 31 is the due date for

• Completing 2021 tax-free gifts up to $15,000 recipient
• Paying expenses you want to deduct on your 2021 cash basis income tax return

January 18 is the due date for

• 2021 calendar-year trust and individual fourth installment of estimated income tax

January 31 is the due date for

• Employers to furnish W-2 statements to employees and to file Forms W-2 with the Social Security Administration (both paper and electronic forms)
• Payers to provide Forms 1099-NEC to recipients and file with the IRS
• Payers to provide Forms 1099-MISC to recipients
• Employers to file 2021 federal unemployment tax returns and pay any tax due