November 2015 Tax and Compliance Deadlines

November brings with it a cool front, lots of football, the annual roast turkey in the oven and probably Aunt Mary’s cranberry sauce. It also offers key tax compliance and due dates for the month. As always, Intuit’s Pro Tax Group is pleased to offer guidance and information to all tax practitioners.

In November, it is recommended that you:

• Remind individual clients, whose withholding status will change in 2016, to submit new W-4 forms to their employers.
• Remind individual clients, who may have underpaid estimated taxes, to increase withholding from salary and wages to make up for shortfall.
• Renew PTIN
• Register online to use IRS e-services. Preparers who anticipate filing 11 or more 1040, 1040A, 1040EZ and 1041 during the year must file electronically.
• Set up tax preparation software and test e-filing.
• Download IRS e-file logo and order IRS e-file marketing materials. See the EFTPS Tool Kit.

Key Compliance Dates:

• Monday, Nov. 2 – Employers file Form 941 for the third quarter of 2015 (if tax was deposited tax in full and on time, file by Nov. 10). Deposit federal unemployment tax owed through September if more than $500.
• Wednesday, Nov. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 28–30.
• Friday, Nov. 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 31–Nov. 3.
• Tuesday, Nov. 10 – File Form 941 for the third quarter of 2015 if tax for the quarter was deposited in full and on time. Tipped employees who received $20 or more in tips during October report them to the employer on Form 4070.
• Thursday, Nov. 12 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 4–6.
• Monday, Nov. 16 – Monthly depositors deposit FICA and withheld income for October. Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 7–10.
• Wednesday, Nov. 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 11–13.
• Friday, Nov. 20 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 14–17.
• Wednesday, Nov. 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 18–20.
• Monday, Nov. 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 21–24.

Intuit Resources:

• The November 2015 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.