January 2016 Tax Compliance and Due Dates

It’s a new year, which means it’s time for tax season to begin! As always, Intuit’s Pro Tax Group is pleased to offer guidance and information to all tax practitioners.

In January, it is recommended that you:

• Send tax preparation packets and tax data organizers to individual clients
• Alert individual clients to the option of filing the 2015 return by Feb. 1, in lieu of making final 2015 estimated tax payment.
• Remind business clients of information reporting requirements.

Key Compliance Dates:

• Monday, Jan. 4: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 26–29.
• Wednesday, Jan. 6: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec.r 30–Jan. 1.
• Friday, Jan. 8: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 2–5.
• Monday, Jan. 11: Tipped employees who received $20 or more in tips during December report them to their employers on Form 4070.
• Wednesday, Jan. 13: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 6–8.
• Friday, Jan. 15: Monthly depositors deposit FICA and withheld income tax for December. Semiweekly depositors deposit FICA and withheld income tax on wages paid in Jan. 9-12. Individuals pay final installment of 2015 estimated tax.
• Thursday, Jan. 21: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 13–15.
• Friday, Jan. 22: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 16–19.
• Wednesday, Jan. 27: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 20–22.
• Friday, Jan. 29: Semiweekly depositors deposit FICA and withheld income tax on wages paid on Jan. 23–26.

Intuit Resources:

• • The January 2016 Calendar with filing deadlines and reminders for you and your clients.
  • Key Tax Facts for the 2015 Return

As always, visit Intuit’s Pro Tax Group for more information and training resources.