Important Upcoming Tax and Business Deadlines to Know This Year
The beginning of the year brings a wave of important tax and compliance deadlines for individuals, employers, and business owners. Missing these dates can result in penalties, interest, or unnecessary administrative stress, so it’s worth taking a moment to understand what’s coming up and how it may apply to you.
Below is a summary of several key deadlines to keep on your radar over the next few months.
February 2: Major Tax Reporting Deadline
February 2 is one of the most significant compliance dates of the season, especially for employers and businesses that issue tax forms.
By this date:
- Forms 1099-NEC, 1099-MISC, 1099-DIV, 1099-INT, and 1099-R for the 2025 tax year must be issued to all payees by mail.
- Employers must mail all 2025 W-2 forms to employees and file copies of W-2s along with Form W-3 with the Social Security Administration.
- All fourth-quarter and year-end 2025 payroll tax reports are due.
- Businesses must mail or electronically file Form 1099-NEC and Form 1096 with the IRS.
If you own a business or employ others, this deadline is especially critical to avoid IRS penalties.
February 17: Michigan LLC Renewals
Michigan limited liability companies must complete their annual renewal by February 17. Failure to renew on time can lead to late fees or administrative dissolution, which may create additional complications down the road.
March 2: Additional IRS and State Deadlines
March 2 brings another round of important obligations for certain businesses and individuals.
By this date:
- Businesses must mail 2025 Forms 1099-MISC, 1099-DIV, 1099-INT, 1099-R, 1099-B, 1099-S, and Form 1096 to the IRS.
- Corporate entity renewals are due in Delaware, Nebraska, and Rhode Island.
- This is also the final deadline to paper-file Form 1096 with the IRS.
- Farmers and fishermen who did not make the January 15 estimated tax payment must file Form 1040 and pay any tax due.
Planning Ahead Matters
While these deadlines may not apply to everyone, they can have a meaningful impact on business owners, independent contractors, retirees receiving distributions, and those with more complex tax situations. Staying organized and working proactively with your tax or financial professional can help ensure nothing falls through the cracks.
If you’re unsure how these deadlines affect your personal or business finances, now is a good time to review your situation and plan ahead.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.