Tax Law and News October 2020 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 Intuit Accountants Team Modified Aug 17, 2020 2 min read October is always a pivotal month for tax professionals, given the number of extensions you may have filed for your individual clients. Get a full list of tax and compliance deadlines for October 2020 to keep your clients compliant. 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 Preparer Tax Identification Number (PTIN) for 2021. Key Compliance Dates: Friday, Oct. 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 26-29. Wednesday, Oct. 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 30-Oct. 2. Friday, Oct. 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 3-6. Tuesday, Oct. 13 – 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. 15: Individuals file 2019 income tax return if an automatic six-month extension was obtained. Monthly depositors deposit FICA and withheld income tax for September. Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 7-9. Friday, Oct. 16 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 10-13. Wednesday, Oct. 21 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 14-16. Friday, Oct. 23 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 17-20. Wednesday, Oct. 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 21-23. Friday, Oct. 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 14-27. Note: Because Oct. 31 falls on a Saturday, end-of-month filings are pushed to Monday, Nov. 2. Intuit® Accountants Resources: The October 2020 calendar with filing deadlines and reminders for you and your clients. Key tax facts for 2020 As always, visit Intuit Accountants for more information and training resources. Previous Post Non-filers urged to register for Economic Impact Payment by Nov.… Next Post Last minute tips to help your clients make the tax… Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Tax Law and News October 2021 tax and compliance deadlines Tax Law and News October 2024 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 2023 tax and compliance deadlines Tax Law and News October 2017 Tax and Compliance Deadlines Tax Law and News October 2015 Tax and Compliance Deadlines Tax Law and News October 2022 tax and compliance deadlines Tax Law and News October 2016 Tax and Compliance Deadlines Tax Law and News November 2023 tax and compliance deadlines