March 2023 Individual Due Dates

A calendar of Marth 2023 with "March 2023 Individual Due Dates" written beside it.

March 10 - Report Tips to Employer 

If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 8 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.

March 15 - Time to Call For Your Tax Appointment 

It is only one month until the April due date for your individual income tax returns. If you have not made an appointment to have your taxes prepared, we encourage you to do so before it becomes too late. Call your BATS team today to schedule yours: (208) 577-6665

What to bring:

Personal documents

Bring all documents below.

  • Photo ID

  • Social Security Cards, Social Security Number verification letters, or Individual Taxpayer Identification Number assignment letters for you, your spouse, and any dependents

  • Birth dates for you, your spouse, and dependents on the tax return

  • Bank account and routing number or a voided check for direct deposit of your refund

  • 2020 and 2021 tax return, if you have them

Income

Bring all documents that apply.
Employment Income

  • W-2 form(s) for all jobs last year (your employer(s) will have sent you this by January 31st)

Self-Employment Income

  • 1099-NEC and/or 1099-K

  • Records of income not reported on 1099 forms

  • Records of expenses including receipts, credit statements, etc.

  • Record of estimated tax payments

Retirement or Disability Benefits

  • SSA-1099 form for Social Security benefits

  • 1099-R for pension/IRA/annuity income

Unemployment Income

Other sources of income

  • 1099-G for refund of state/local income taxes

  • 1098-T for scholarships/fellowships

  • Income or loss from the sale of stocks, bonds, or real estate

  • Income or loss from rental property

  • Alimony received

  • Statements for prizes or lottery/gambling winnings

  • 1099-INT/1099-DIV for Interest and dividend statements from banks

  • Records for any other income

Expenses

You may be able to claim tax deductions for some of the expenses you have. These deductions reduce the income you are taxed on. Bring documentation for all of the following expenses you have.

  • Retirement contributions, including a 401(k) or IRA

  • State and local taxes you’ve paid

  • Mortgage statements and property tax bills if you are a homeowner

  • College tuition (Form 1098-T) and student loan statements (Form 1098-E)

  • Childcare expenses, including payment records or receipts and provider’s name, address, and federal tax ID number (either their Social Security Number or Employment Identification Number)

  • Receipts for charitable donations

  • Medical and dental bills

  • Records for supplies used as an educator

Other Tax Documents or Notices

  • Form 1095-A if you had coverage through the Health Insurance Marketplace

  • Documents from the IRS, Health Insurance Marketplace, your state tax agency, or anything that says “IMPORTANT TAX DOCUMENT”

  • Bring the following if you have them and are filing a 2020 or 2021 tax return to claim missed stimulus checks or the 2021 expanded Child Tax Credit:

Don’t worry about having all your information available before making the appointment. If you do not have all your information, we will simply make a list of the missing items. When you receive those items, just forward them to us. 
Even if you think you might need to go on extension, it is best to prepare a preliminary return and estimate the result so you can pay the tax and minimize interest and penalties. We can then file the extension for you. 
We look forward to hearing from you.