June 2020 tax and compliance deadlines

This is an unusual time in which tax professionals are helping their firms and clients sort out business issues associated with COVID-19. Still, ongoing tax and compliance deadline cannot be ignored; here’s your list for June 2020.

Key Compliance Dates:

Wednesday, June 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 27-29.

Friday, June 5 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 30-June 2.

Wednesday, June 10:

• Tipped employees who received $20 or more in tips during May report them to the employer on Form 4070, Employee’s Daily Record of Tips and Report to Employer).
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 3-5.

Friday, June 12 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 6-9.

Monday, June 15 – Monthly depositors deposit FICA and withheld income tax for May.

Wednesday, June 17 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 10-12.

Friday, June 19 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 13-16.

Wednesday, June 24 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 17-19.

Friday, June 26 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 20-23.

Intuit® Accountants Resources:

• Key tax facts for 2020

Note: A majority of states are conforming to the federal July 15 income tax and estimated tax payment deadline. However, some states have deadlines in June. Please see the updated list of tax guidance and information by state.

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

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