December 2019 Tax and Compliance Deadlines

Welcome to December! There are only a few short weeks until the start of tax season, so while you’re busy finishing up the year, be sure to review the tax and compliance deadlines for December.

In December, it’s recommended that you:

• Establish tax return preparation procedures.
• Develop tax preparation docket sheet.
• Analyze tax season staffing needs.
• Prepare tax season work assignments.
• Prepare tax preparation packets for clients.
• Review new tax developments.
• Remind individual clients of the Jan. 15 due date for final 2019 estimated tax payment.
• Remind business clients of the Jan. 31 due date for filing Form W-2″, Wage and Tax Statement, and Form 1099-MISC, Miscellaneous Income.

Key Compliance Dates:

Employees whose withholding status will change in 2020 should submit a new Form W-4, Employee’s Withholding Allowance Certificate, to their employer. The new form should be submitted as early as possible to guarantee implementation of the withholding change in January.

Monday, Dec. 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 23-26.

Wednesday, Dec. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 27-29.

Friday, Dec. 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 30-Dec. 3.

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

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

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

Monday, Dec. 16:

• Monthly depositors deposit FICA and withheld income tax for November.
• Calendar-year corporations pay fourth installment of 2019 estimated tax.

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

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

Thursday, Dec. 26 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 18-20.

Intuit® ProConnect™ Resources:

• The December 2019 Calendar with filing deadlines and reminders for you and your clients.
• Key Tax Facts for 2019.
• Key Tax Developments for 2019.

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