October 2019 Tax and Compliance Deadlines

Pumpkin carvings, apple cider and the changing of the leaves: With a chill in the air, it’s time to review some important tax and compliance deadlines for October.

In October, it’s 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 or carryover.
• File returns for individual clients who obtained automatic six-month extensions.
• Renew your Preparer Tax Identification Number for 2020.

Key Compliance Dates:

Wednesday, Oct. 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 25-27.

Friday, Oct. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 28-Oct. 1.

Wednesday, Oct. 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 2-4.

Thursday, Oct. 10 – Tipped employees who received $20 or more in tips during September report them to the employer on Form 4070.

Friday, Oct. 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 5-8.

Tuesday, Oct. 15:

• Monthly depositors deposit FICA and withheld income tax for September.
• Individuals file 2018 income tax return if an automatic six-month extension was obtained.

Thursday, Oct. 17 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 9-11.

Friday, Oct. 18 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 12-15.

Wednesday, Oct. 23 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 16-18.

Friday, Oct. 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 19-22.

Wednesday, Oct. 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 23-25.

Thursday, Oct. 31:

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2019 (if tax was deposited in full and on time, file by Nov. 12).
• Deposit FUTA tax owed through September if more than $500.

Intuit® ProConnect™ Resources:

• The October 2019 Calendar with filing deadlines and reminders for you and your clients.
• Key Tax Facts for 2018 and Key Tax Facts for 2019.
• 5 Key Tax Changes for Your Individual Clients in 2018 and Key Tax Developments for 2019.

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