Tax Law and News December 2017 Tax and Compliance Deadlines Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Dorinda DeScherer Modified Dec 14, 2017 2 min read 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. Previous Post IRS Changes and Updates for Tax Year 2017 Next Post How to Avoid the W-2 Email Scam Written by Dorinda DeScherer Dorinda DeScherer is an attorney specializing in tax and employment law. She is an honors' graduate of Barnard College of Columbia University and the University of Maryland School of Law. She is currently a principal with Editorial Resource Group, where she specializes in writing and editing professional publications. More from Dorinda DeScherer Comments are closed. Browse Related Articles Practice Management Reshaping accounting: Millennials and Gen Zs Tax Law and News Tax relief for victims of Hurricane Helene Workflow tools 3 guides to moving your clients to QuickBooks® Online Practice Management Intuit introduces Intuit® Enterprise Suite Practice Management Partnering to power prosperity: Intuit and the accounti… Advisory Services 7 Intuit® Tax Advisor updates Advisory Services Debunking 3 common myths about reasonable comp Tax Law and News 529 Plans: Flexibility for education expenses Webinars Are You Running a Smart Firm? Oct. 10 Webinars ProConnect™ Tax Workflow: Oct. 3