November 2023 tax and compliance deadlines

November is a great month to celebrate with your family and friends. Along the way, don’t forget about many important tax and compliance deadlines for November 2023. Be sure to share this list with your clients.

In November, it is recommended that you:

• Remind individual clients whose withholding status will change in 2023 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 your PTIN.
• Make any major technology changes and decisions for the upcoming year, such as tax software conversions or changing document management.

Key Compliance Dates:

Wednesday, Nov. 1—Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 25-27.

Friday, Nov. 3—Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 28-31.

Wednesday, Nov. 8—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 1-3.

Monday, Nov. 13:

• Social Security, Medicare, and withheld income tax. File Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2023.
• 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.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 4-7.
• File Form 941 for the third quarter of 2023 if tax for the quarter was deposited in full and on time.

Wednesday, Nov. 15:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 8-10.
• Monthly depositors deposit FICA and withheld income tax for October.
• Nonprofit Returns. File a 2022 calendar year-end nonprofit tax return (Form 990, Return of Organization Exempt From Income Tax). This due date applies only if you timely requested an automatic 6-month extension.
• Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments made in October.

Friday, Nov. 17—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 11-14.

Wednesday, Nov. 22—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 15-17.

Monday, Nov. 27—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 18-21.

Wednesday, Nov. 29—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 22-24.

Intuit Accountants Resources

• The November 2023 calendar with filing deadlines and reminders for you and your clients.
• Tax law changes for tax year 2023.
• IRS annual inflation adjustments for tax years 2021 and 2022.
• Key Tax Facts for 2023-24