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      Tax Calendar
            January 2003

2002 Tax Calendars	2003 Tax Calendars
January	February	March	April

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Various, 2, 6, 8, 10, 15, 17, 20, 22, 23, 24, 29, 31, *15, *Client Notice, Payroll Taxes: 2003

Various Dates, January 2003

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Federal	NYS	NYC	NJ	Conn
	x	x			Remit income taxes withheld within three (or five) business days to New York State Income Tax following the payment of a payroll if your cumulative outstanding liability is $700 or more (Form NYS-1).
				x	Remit Connecticut income taxes withheld whenever you are required to make a deposit of federal withholding tax (Form CT-WH).

2, January 2003

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Federal	NYS	NYC	NJ	Conn
		x			Real Estate Tax - 3rd quarter 2002-2003 payable without penalty and interest through January 15, 2003.
x					Semiweekly Depositors - Deposit payroll taxes withheld for December 25-27, 2002 (Form 8109).
			x		Gross Income Tax - Weekly payers must electronically remit income taxes withheld for December 22-28, 2002.

6, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for December 28-31, 2002 (Form 8109).

8, January 2003

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Federal	NYS	NYC	NJ	Conn
x
			x		Gross Income Tax - Weekly payers must electronically remit income taxes withheld for December 29, 2002 - January 4, 2003 (Form 8109).

10, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 4-7, 2003 (Form 8109).

15, January 2003

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Federal	NYS	NYC	NJ	Conn
x	x	x			Personal income and New York City unincorporated business income tax - Balance of 2002 estimated tax due by individuals who have previously made declarations. Payment of estimated tax in full by individuals who are first required to make declarations for 2002.
		x			Partnership unincorporated business income taxes - Balance of 2002 estimated tax due by partnerships who have previously made declarations. Payment of estimated tax in full by partnerships who are first required to make declarations for 2002.
x	x	x	x	x	*Fiscal year corporation estimated payments due (see below).
			x		Gross Income Tax - Fourth quarter estimate for 2002 is due for those who pay their tax on an estimated basis (Form NJ 1040-ES).
x					Monthly Depositors - Deposit payroll taxes withheld for December 2002.
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 8-10, 2003 (Form 8109).
			x		Gross Income Tax - Weekly payers must electronically remit income taxes withheld for January 5-11, 2003.

17, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 11-14, 2003 (Form 8109).

20, January 2003

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Federal	NYS	NYC	NJ	Conn
	x				Sales and Use Tax - File monthly return and remit tax due for December 2002 to N.Y.S. Sales Tax Bureau if you had taxable receipts of $300,000 or more in any of the four immediately preceding quarters (Form ST-809).
			x		Sales and Use Tax - Quarterly returns and payments are due (Form ST-50).

22, January 2003

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Federal	NYS	NYC	NJ	Conn
			x		Gross Income Tax - Weekly payers must electronically remit income taxes withheld for January 12-18, 2003.

23, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 15-17, 2003 (Form 8109).

24, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 18-21, 2003 (Form 8109).

29, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 22-24, 2003 (Form 8109).

31, January 2003

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Federal	NYS	NYC	NJ	Conn
x					Semiweekly Depositors - Deposit payroll taxes withheld for January 25-28, 2003 (Form 8109).
x					File Form 941, the fourth quarter 2002 payroll tax return, and deposit or remit the balance of tax due.
x					Distribute Form W-2 Wage and Tax Statement to all employees and Forms 1099 for commissions, interest and dividends paid in 2002.
x					File Forms W-2, W-3, 1099 and 1096 with the Social Security Administration and the IRS.
	x				File Form NYS-45, Quarterly Combined Withholding and Wage Reporting and Unemployment Insurance Return: Filers with less than $700 in quarterly withholding tax liability are required to reconcile and pay the taxes withheld and to report quarterly employee wage and withholding information with Form NYS-45. Filers with $700 or more in quarterly withholding tax liability are required to reconcile the taxes withheld on Form NYS-1 and to report quarterly employee wage and withholding information with Form NYS-45. Report and remit unemployment insurance for the quarter ended December 31, 2002. Report annual wage and withholding totals in Part C - Employee Wage and Withholding Information.
			x		File Form NJ-927 - Employer’s Quarterly Report and remit withholding tax for the following periods: December 2002 if the amount withheld exceeds $500 in the month. October 1 - December 31, 2002 if the amount withheld is less than $500 in each month of the quarter. Report and remit unemployment and disability insurance for the quarter ended December 31, 2002.
				x	Unemployment Insurance - File Form UC-2, quarterly return and remit the contribution due for the fourth quarter of 2002.
x					Unemployment Insurance - File the 2002 annual return (Form 940) and remit payment of the balance of the tax due for 2002 (Form 8109).
			x		File Form WR-30 - Employer Report of Wages Paid for the quarter ended December 31, 2002.
				x	File Form CT-941 - Connecticut Quarterly Reconciliation of Withholding for the quarter ended December 31, 2002.
				x	File CT-W3, Connecticut Annual Reconciliation of Withholding with copies of Federal Form W-2.
				x	Monthly Sales and Use Tax - Return and payment for the month of December 2002 are due if the liability for the year ended September 30, 2002 was more than $4,000.
				x	Quarterly Sales and Use Tax - Return and payment for the fourth quarter of 2002 are due if the liability for the year ended September 30, 2002 was less than $4,000.

*15, January 2003

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Federal	NYS	NYC	NJ	Conn
					*Fiscal year taxpayers - Estimated payments for the fiscal year ended:
4th Est.	4th Est.	4th Est.	4th Est.	4th Est.	January 31, 2003
3rd Est.	3rd Est.	3rd Est.	3rd Est.	3rd Est.	April 30, 2003
2nd Est.	2nd Est.	2nd Est.	2nd Est.	2nd Est.	July 31, 2003
1st Est.			1st Est.		September 30, 2003
				1st Est.	October 31, 2003

*Client Notice

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TO OUR CLIENTS:

Enclosed please find your January Tax Calendar and 2003 payroll tax guideline. We hope you find them helpful.

The Internal Revenue Service has issued new withholding tax tables for the withholding of federal income tax. The revised tables must be applied to any wages paid after January 1, 2003.

Social Security, Medicare and Unemployment Insurance:

Beginning January 1, 2003, the wage base for the FICA tax has been increased. The wage base is $87,000 for social security tax and there is no limit for medicare hospitalization insurance. For social security, the tax rate is 6.2% each for employees and employers. Accordingly, the maximum amount of social security tax to be withheld from an employee in 2003 is $5,394.00 as compared with $5,263.80 for 2002. For medicare hospitalization insurance, the rate is 1.45% each for employees and employers, which is to be applied to all wages paid in 2003.

The Federal Unemployment Insurance (FUI) rate remains at 0.8% in 2003. The taxable wage bases will be as follows: