Here are the business taxes and due dates for those taxes which must be reported and paid in July.
This calendar shows the monthly deposit date for payroll taxes. If you have a large payroll, you should make payroll tax deposits according to the semiweekly deposit rule; these dates are not shown on this calendar. If you are not sure when to make payroll tax deposits, read this article on how to determine your payroll tax deposit schedule.
1. July 15 - Deposit Payroll Taxes for June (if You Deposit Monthly)
If your payroll tax liability for the "look back period" (the last 12 months ending June 30) was less than $50,000, you must make payroll tax deposits monthly. If you file monthly, deposit payroll taxes for June on July 15.
2. July 30/Aug 2 - Fle Form 2290, Pay Tax for Heavy Vehicles Purchased in February
If you purchased a heavy vehicle (gross taxable weight 55,000 pounds or more in June, you must file Form 2290 and pay the annual tax on this vehicle by the end of July. Since July 31 is a weekend, you have until Monday, August 2 to file this form..
3. July 31 - Pay 2nd Quarter Federal Unemployment Taxes (if over $500)
Second quarter federal unemployment (FUTA) taxes for larger employers are due the end of July. If your FUTA tax liability in any one quarter is more than $500, you must make a deposit by the last day of the month after the end of the quarter. The deposit would normally have to be made by July 31, but since that day falls on a weekend in 2010, the FUTA deposit is due August 2.
