November 2021 tax and compliance deadlines

Welcome to November and your list of important tax and compliance deadlines. Now is a great time to touch base with your clients to let them know about these deadlines, and to begin preparing for tax year 2021.

In November, it’s recommended that you:

• Remind individual clients whose withholding status will change in 2022 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 a shortfall.
• Renew your Preparer Tax Identification Number (PTIN).
• Register online to use IRS e-services. Preparers who anticipate filing 11 or more 1040, 1040A, 1040EZ, and 1041 returns 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.

Key Compliance Dates:

Monday, Nov. 1:

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2021 (if tax was deposited in full and on time, file by November 10).
• Deposit FUTA tax owed through September if more than $500.

Wednesday, Nov. 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 27–29.

Friday, Nov. 5 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 30–November 2.

Wednesday, Nov.10:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on November 3–5.
• File Form 941 for the third quarter of 2021 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, Employee’s Report of Tips to Employer.

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

Monday, Nov. 15 – Monthly depositors deposit FICA and withheld income tax for October.

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

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

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

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

Intuit Accountants Resources:

• The November 2021 calendar with filing deadlines and reminders for you and your clients.
• Key tax facts for 2021
• State tax deadlines

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