October 2017 Tax and Compliance Deadlines

Ah, October! There’s a chill in the air, pumpkins outside the front door and a debate over this year’s most popular costume. Welcome to your monthly summary of important tax and compliance deadlines. Here’s a list for your review.

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 plan provides post-year-end grace period or carryover.
• File returns for individual clients who obtained automatic six-month extensions.
• Renew your Preparer Tax Identification Number (PTIN) for 2018.

Key Compliance Dates:

Wednesday, Oct. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 27-29.

Friday, Oct. 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 30-Oct. 3.

Tuesday, Oct. 10 – 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. 12 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 4-6.

Friday, Oct. 13 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 7-10.

Monday, Oct. 16

• Monthly depositors deposit FICA and withheld income tax for September.
• Individuals file 2016 income tax return if automatic six-month extension was obtained.

Wednesday, Oct. 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 11-13.

Friday, Oct. 20 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 14-17.

Wednesday, Oct. 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 18-20.

Friday, Oct. 27 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 21-24.

Tuesday, Oct. 31

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2017 (if tax was deposited tax in full and on time, file by Nov. 10).
• Deposit FUTA tax owed through September if more than $500.

Intuit® ProConnect™ Resources:

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

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