September 2022 tax and compliance deadlines

Cooler temps, back to school, and a focus on fall: Welcome to September! Here’s our monthly list of important tax and compliance deadlines for Sept. 2022. Be sure to share this list with your clients.

In September, it’s recommended that you:

• Schedule appointments with individual clients for year-­end tax planning sessions.
• Remind individual clients and C corporations of extended Oct. 15 filing deadline for 2021 returns.
• File returns for calendar-year S corporations and partnerships that obtained automatic extensions.

Key Compliance Dates:

Friday, Sept. 2—Semiweekly depositors deposit FICA and withheld income tax on wages paid on August 27-30.

Thursday, Sept. 8—Semiweekly depositors deposit FICA and withheld income tax on wages paid on August 31-Sept. 2.

Friday, Sept. 9:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 3-6.
• Tipped employees who received $20 or more in tips during August report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Wednesday, Sept. 14—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 7-9.

Thursday, Sept. 15:

• Individuals. Remind your individual clients to make payments of their 2022 estimated tax if they are not paying their income tax for the year through withholding (or won’t pay in enough tax that way). Use Form 1040-ES. This is the second installment date for estimated tax in 2022. For more information, see Pub. 505, Tax Withholding and Estimated Tax.
• Partnerships. File a 2021 calendar-year return (Form 1065, U.S. Return of Partnership Income). This due date applies only if you timely requested an automatic 6-month extension.
• S corporations. File a 2021 calendar-year income tax return (Form 1120-S, U.S. Income Tax Return for an S Corporation) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension of time to file the return. 
• Corporations. Deposit the third installment of estimated income tax for 2022. A worksheet, Form 1120-W, Estimated Tax for Corporations, is available to help you estimate your tax for the year.
• Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments made in August.
• Monthly depositors deposit FICA and withheld income tax for August.

Friday, Sept. 16—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 10-13.

Wednesday, Sept. 21—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 14-16. 

Friday, Sept. 23—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 17-20. 

Wednesday, Sept. 28—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 21-23. 

Friday, Sept. 30:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 24-27. 
• Trusts. File a 2021 calendar-year fiduciary income tax return (Form 1041, U.S. Income Tax Return for Estates and Trusts) and pay any tax, interest, and penalties due. This due date applies only if you timely requested a 5½-month extension of time to file the return.

Intuit Accountants Resources:

• The September 2022 calendar with filing deadlines and reminders for you and your clients.
• IRS annual inflation adjustments for tax years 2021 and 2022.
• Key tax facts for 2021 and Key tax facts for 2022.

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