March 2017 Tax and Compliance Deadlines

You’re in the middle of tax season; now is a good time to communicate important compliance deadlines to your clients. Here’s a list for review.
In March, it is recommended that you: 

• File extensions for individuals who have not met deadline for return preparation.
• Remind individual clients of April 18 estimated tax payment.
• File extensions for partnerships that will not meet the March 15 filing deadline.

Key Compliance Dates:

• Wednesday, March 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 22-24.
• Friday, March 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 25-28.
• Wednesday, March 8 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 1-3.
• Thursday, March 9 – Tipped employees who received $20 or more in tips during February report them to the employer on Form 4070, Employee’s Report of Tips to Employer.
• Friday, March 10 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 4-7.
• Wednesday, March 15 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 8-10. Monthly depositors deposit FICA and withheld income tax for February. New Due Date: Calendar-year partnerships file 2016 information return (Form 1065); alternatively, file for an automatic six-month extension (Form 7004).
• Friday, March 17 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 11-14.
• Wednesday, March 22 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 15-17.
• Friday, March 24 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 18-21.
• Wednesday, March 29 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 22-24.
• Friday, March 31 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on March 25-28. File information returns (other than returns for nonemployee compensation) if filing electronically. Large food and beverage establishments file Form 8027 if filing electronically.

Intuit Resources:

• The March 2017 Calendar with filing deadlines and reminders for you and your clients.
• Key Tax Facts for the 2016 Return
• New Tax Law Changes for 2016

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