April 2018 Tax and Compliance Deadlines

While you’re busy finishing up the tax returns for individual and business clients, don’t forget about this month’s important tax and compliance deadlines.

In April, it is recommended that you:

• File extensions for individual clients who will not meet the April 17 filing deadline.
• Conduct reviews of your clients’ prior-year returns to determine the need for amended returns.
• File extensions for corporate clients that will not meet April 17 filing deadline.

Key Compliance Dates:

Monday, April 2:

• File information returns (other than returns for nonemployee compensation) if filing electronically.
• Large food and beverage establishments file Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, if filing electronically.

Wednesday, April 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 28-30.

Friday, April 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 31-April 3.

Tuesday, April 10 – Tipped employees who received $20 or more in tips during March report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Wednesday, April 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 4-6.

Friday, April 13 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 7-10.

Tuesday, April 17:

• Individuals file 2017 returns (Form 1040, Form 1040A or Form 1040EZ); alternatively, file for an automatic six-month extension (Form 4868, Application for Automatic Extension to File U.S. Individual Income Tax Return).
• Calendar-year C corporations file 2017 returns on Form 1120, U.S. Corporation Income Tax Return; alternatively, file for an automatic five-month extension using Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.
• Individuals and calendar-year corporations pay the first installment of 2018 estimated tax.
• Monthly depositors deposit FICA and withheld income tax for March.

Wednesday, April 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 11-13.

Friday, April 20 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 14-17.

Wednesday, April 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 18-20.

Friday, April 27 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on April 21-24.

Monday, April 30:

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the first quarter of 2018 (if tax for the quarter was deposited in full and on time, file by May 10).
• Employers deposit federal unemployment tax owed through March if more than $500.

Intuit® ProConnect™ Resources:

• The April 2018 Calendar with filing deadlines and reminders for you and your clients
• Key Tax Facts for 2017
• New Tax Developments for 2017 and Beyond

As always, visit Intuit ProConnect for more information and training resources.