January 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to your employer on IRS Form 4070 no later than January 10.
January 15 - Individual Estimated Tax Payment Due
It’s time to make your fourth quarter estimated tax installment payment for the 2019 tax year.
January 31 - Individuals Who Must Make Estimated Tax Payments
If you didn't pay your last installment of estimated tax by January 15, you may choose (but aren't required) to file your income tax return (Form 1040 or Form 1040-SR) for 2019 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you can't file and pay your tax by January 31, file and pay your tax by April 15.
If a conversation would help you to understand your tax situation better, please schedule an appointment or give us a call. We are here to help!
This is general information and should not be acted upon without first determining its application to your specific situation. Please contact us, your CPA or tax adviser for additional details.
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