December 2017 Tax and Compliance Deadlines

Welcome to December! This is a good time to reflect on your accomplishments for 2017 and, of course, get ready for tax season. Here’s our monthly roundup of important tax and compliance deadlines for your review.

In December, it is recommended that you:

• Establish tax return preparation procedures.
• Develop a tax preparation docket sheet.
• Analyze tax season staffing needs.

Key Compliance Dates:

In December, employees whose withholding status will change in 2018 should submit a new Form W-4 to their employer. The new form should be submitted as early as possible to guarantee implementation of the withholding change in January.

Friday, Dec. 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 25-28.

Wednesday, Dec. 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 29-Dec. 1.

Friday, Dec. 8 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 2-5.

Monday, Dec. 11 – Tipped employees who received $20 or more in tips during November report them to the employer on Form 4070.

Wednesday, Dec. 13 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 6-8.

Friday, Dec. 15

• Monthly depositors deposit FICA and withheld income tax for November.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 9-12.
• Calendar-year corporations pay fourth installment of 2017 estimated tax.

Wednesday, Dec. 20 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 13-15.

Friday, Dec. 22 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 16-19.

Thursday, Dec. 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 20-22.

Friday, Dec. 29 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 23-26.

Intuit® ProConnect™ Resources:

• The December 2017 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.