March 2016 Tax Compliance and Due Dates

Although March is a very busy month for tax preparers, you can’t neglect important compliance deadlines. Here’s a list for review. As always, Intuit® ProConnect™ is pleased to offer guidance and information to all tax practitioners.

In March, it is recommended that you:

• File extensions for individuals who have not met deadline for return preparation.
• Remind individual clients of April 15 estimated tax payment.
• File extensions for corporate clients that will not meet the March 15 filing deadline.

Key Compliance Dates:

• Wednesday, March 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on February 24–26.
• Friday, March 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on February 27–March 1.
• Wednesday, March 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 2–4.
• Thursday, March 10 – Tipped employees who received $20 or more in tips during February report them to the employer on Form 4070.
• Friday, March 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 5–8.
• Tuesday, March 15 – Monthly depositors deposit FICA and withheld income tax for February. Calendar-year corporations file 2015 income tax return Form 1120 for C corporations; 1120S for S corporations; alternatively, file for an automatic six-month extension.
• Wednesday, March 16 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 9–11.
• Friday, March 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 12–15.
• Wednesday, March 23 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 16–18.
• Friday, March 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 19–22.
• Wednesday, March 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 23–25.
• Thursday, March 31 – Form 1099 information returns, Copy A of Form W-2, or Form 8027 for 2015 must be filed if filing electronically.

Intuit Resources:

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

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