October 2018 Tax and Compliance Deadlines

Welcome to October — a month of football, pumpkin spice lattes, Halloween, and yes, some important tax and compliance deadlines. Here’s a list for your review.

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 plan provides 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 2019.

Key Compliance Dates:

Wednesday, Oct. 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 26-28.

Friday, Oct. 5 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 29-Oct. 2.

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

Thursday, Oct. 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 3-5.

Friday, Oct. 12 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 6-9.

Monday, Oct. 15

  • Monthly depositors deposit FICA and withheld income tax for September.
  • Individuals file 2017 income tax return if automatic six-month extension was obtained.

Wednesday, Oct. 17 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 10-12.

Friday, Oct. 19 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 13-16.

Wednesday, Oct. 24 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 17-19.

Friday, Oct. 26 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 20-23.

Wednesday, Oct. 31

  • Employers file Form 941 for the third quarter of 2018 (if tax was deposited in full and on time, file by Nov. 13).
  • Deposit FUTA tax owed through September if more than $500.
  • Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 24-26.

Intuit® ProConnect™ Resources:

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

 

Source: October 2018 Tax and Compliance Deadlines, Tax Pro Center

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