August 2019 Tax and Compliance Deadlines

A day at the beach is great in August – so take advantage of this month’s activities before school starts and vacations are over! In the meantime, don’t forget about this month’s important tax and compliance deadlines.

In August, it’s recommended that you:

• Remind clients of Sept. 16 estimated tax payment for individuals and calendar-year corporations.
• Remind calendar-year corporations and partnerships with returns on extension of Sept. 16 filing deadline.
• Alert clients who are parents of first-year college students of the American Opportunity tax credit.

Key Compliance Dates:

Friday, Aug. 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 27-30.

Wednesday, Aug. 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 31-Aug. 2.

Friday, Aug. 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 3-6.

Monday, Aug. 12

• Tipped employees who received $20 or more in tips during July report them to the employer on Form 4070, Employee’s Report of Tips to Employer.
• File Form 941, Employer’s Quarterly Federal Tax Return, for the second quarter of 2019 if tax deposited in full and on time.

Wednesday, Aug. 14 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 7-9.

Thursday, Aug. 15 – Monthly depositors deposit FICA and withheld income tax for July.

Friday, Aug. 16 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 10-13.

Wednesday, Aug. 21 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 14-16.

Friday, Aug. 23 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 17-20.

Wednesday, Aug. 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 21-23.

Friday, Aug. 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 24-27.

Intuit® ProConnect™ Resources:

• The August 2019 Calendar with filing deadlines and reminders for you and your clients.
• Key Tax Facts for 2018 and Key Tax Facts for 2019.
• 5 Key Tax Changes for Your Individual Clients in 2018 and Key Tax Developments for 2019.

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