Tax Law and News June 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 Jun 1, 2017 2 min read The days are warmer and the kids are out of school; June may mark the official start of summer, but as you are well aware, it’s also a busy month for you and your practice. Now is a great time to reflect on tax season and find ways to stay in touch with your clients. It’s also a good time to remind your clients of several important tax deadlines. Here’s a list for your review. In June, it is recommended that you: Review tax law changes for 2017. Schedule much-needed R&R. Key Compliance Dates: Thursday, June 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 24-26. Friday, June 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 27-30. Wednesday, June 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 31-June 2. Friday, June 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 3-6. Monday, June 12 – Tipped employees who received $20 or more in tips during May report them to the employer on Form 4070 (in Publication 1244, Employee’s Daily Record of Tips and Report to Employer). Wednesday, June 14 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 7-9. Thursday, June 15: Monthly depositors deposit FICA and withheld income tax for May. Individuals and calendar-year corporations pay second installment of 2017 estimated tax. Individuals outside the U.S. file Form 1040 for 2016. For automatic four-month extension, file Form 4868. Friday, June 16 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 10-13. Wednesday, June 21 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 14-16. Friday, June 23 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 17-20. Wednesday, June 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 21-23. Friday, June 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 24-27. Intuit® ProConnect™ Resources: The June 2017 Calendar with filing deadlines and reminders for you and your clients Key Tax Facts for the 2016 Return and Key Tax Facts for 2017 New Tax Law Changes for 2016 and New Tax Developments for 2017 and Beyond As always, visit Intuit ProConnect for more information and training resources. Previous Post Writing Off Startup Costs: Make Sure Your New Business Clients… Next Post How Your Clients Can Use Technology to Track Business Miles 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 Why you should care about green cloud computing Practice Management Consultant spotlight: Steven G. Advisory Services Understanding your client’s relationship with mon… Practice Management Consultant spotlight: Jonathan Lovitt Practice Management ProConnect™ Tax spotlight: Megan Leesley, CPA Tax Law and News Boo! Extension season horror stories Tax Law and News Tax relief for victims of Hurricane Milton Practice Management Tax Season Readiness virtual conference—Nov. 13-14 Practice Management Lacerte® Tax spotlight: Tania Santos, EA Tax Law and News How to renew your PTIN