October 2021 tax and compliance deadlines

Welcome to October and your monthly list of important tax and compliance deadlines. While Oct. 15 marks the annual tax filings for extensions, now is a great time to plan the rest of the calendar year’s activities.

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, October 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on September 25–28.

Wednesday, October 6 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on September 29–October 1.

Friday, October 8 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 2–5.

Monday, October 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, October 14:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 6–8.
• Monthly depositors deposit FICA and withheld income tax for September.

Friday, October 15:

• Individuals file 2020 income tax return if automatic six-month extension was obtained.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 9–12.

Wednesday, October 20 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 13–15.

Friday, October 22 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 16–19.

Wednesday, October 27 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 20–22.

Friday, October 29 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 23–26.

Note: Because Oct. 31 falls on a Sunday, end-of-month filings are pushed to Monday, Nov. 1.

Intuit Accountants Resources:

• The October 2021 calendar with filing deadlines and reminders for you and your clients.
• Key tax facts for 2020 and Key tax facts for 2021
• State tax deadlines

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