Tax Law and News October 2016 Tax and Compliance Deadlines Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Dorinda DeScherer Published Sep 30, 2016 2 min read Because this year’s much-anticipated Oct. 15 deadline occurs on a Saturday, the deadline is Oct. 17 to file individuals 2015 tax returns if an automatic six-month extension was obtained for your clients. Here are some other key tax compliance and due dates for October. In October, it is recommended that you: Conduct year-end tax planning sessions with individual clients. Remind individual clients to use flexible spending account funds before year end, unless their plan provides a post year-end grace period. File returns for individual clients who obtained automatic six-month extensions. Renew your Preparer Tax Identification Number for 2017. Key Compliance Dates: Wednesday, Oct. 5 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Sept. 28-30. Friday, Oct. 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 1-4. Tuesday, Oct. 11 – Tipped employees who received $20 or more in tips during September report them to the employer on Form 4070, Employee’s Report of Tips to Employer. Thursday, Oct. 13 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 5-7. Friday, Oct. 14 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 8-11. Monday, Oct. 17 – Monthly depositors deposit FICA and withheld income tax for September. Individuals file 2015 income tax return if automatic six-month extension was obtained. Wednesday, Oct. 19 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 12-14. Friday, Oct. 21 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 15-18. Wednesday, Oct. 26 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 19-21. Friday, Oct. 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid Oct. 22-25. Monday, Oct. 31 – Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2016 (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. Intuit® ProConnect™ Resources: The October 2016 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 the Intuit ProConnect Tax Pro Center for more information and training resources. Previous Post Tax Tips for Real Estate Professionals Who Are Self-Employed Next Post Videos to Help You Be Cyber Aware Written by Dorinda DeScherer Dorinda DeScherer is an attorney specializing in tax and employment law. She is an honors' graduate of Barnard College of Columbia University and the University of Maryland School of Law. She is currently a principal with Editorial Resource Group, where she specializes in writing and editing professional publications. More from Dorinda DeScherer Comments are closed. Browse Related Articles Tax Law and News October 2020 tax and compliance deadlines Tax Law and News October 2015 Tax and Compliance Deadlines Tax Law and News October 2018 Tax and Compliance Deadlines Tax Law and News October 2019 Tax and Compliance Deadlines Tax Law and News October 2017 Tax and Compliance Deadlines Tax Law and News October 2022 tax and compliance deadlines Tax Law and News October 2023 tax and compliance deadlines Tax Law and News October 2021 tax and compliance deadlines Tax Law and News October 2024 tax and compliance deadlines Tax Law and News September 2016 Tax and Compliance Deadlines