January 2018 Tax Calendar

This has the due dates for January 2018 that most taxpayers will need.

January 10  

Employees who work for tips. If you received $20 or more in tips during December, report them to your employer. You can use Form 4070.

January 16

Individuals. Make a payment of your estimated tax for 2017 if you didn’t pay your income tax for the year through withholding. Use Form 1040-ES. This is the final installment date for 2017 estimated tax payments. However, you don’t have to make this payment if you file your 2017 return (Form 1040) and pay any tax due by January 31, 2018.

Farmers and fishermen. Pay your estimated tax for 2017 using Form 1040-ES. You have until April 17 to file your 2017 income tax return (Form 1040). If you don’t pay your estimated tax by January 16, you must file your 2017 return and pay any tax due by March 1, 2018, to avoid an estimated tax penalty.

January 31

Individuals who must make estimated tax payments. If you didn’t pay your last installment of estimated tax by January 16, you may choose (but aren’t required) to file your income tax return (Form 1040) for 2017 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 17.

All businesses.

Give annual information statements to recipients of certain payments you made during 2017. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the following.

  • Cash payments for fish purchased from anyone engaged in the trade or business of catching fish.
  • Compensation for workers who aren’t considered employees.
  • Dividends and other corporate distributions.
  • Interest
  • Rent
  • Royalties. Payments of Indian gaming profits to tribal members.
  • Profit-sharing distributions.
  • Retirement plan distributions.
  • Original issue discount.
  • Prizes and awards.
  • Medical and health care payments. Debt cancellation (treated as payment to debtor).
  • Cash payments over $10,000. See the Form 8300 instructions.

See the General Instructions (Pub 509) for Certain Information Returns for information on what payments are covered, how much the payment must be before a statement is required, which form to use, when to file, and extensions of time to provide statements to the IRS. Forms 1099-B, 1099-S, & certain reporting on Form 1099-MISC, Misc. Income, are due to recipients by February 15.

Payers of nonemployee compensation. File Form 1099-MISC for nonemployee compensation paid in 2017.

Source: IRS.gov 2018 Pub 509