December 2016 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of December 2016. 

December 2
Employers. Semi-weekly depositors must deposit employment taxes for Nov 26–Nov 29. 

December 7
Employers. Semi-weekly depositors must deposit employment taxes for Nov 30–Dec 2. 

December 9
Employers. Semi-weekly depositors must deposit employment taxes for Dec 3–Dec 6. 

December 12
Employees who work for tips. Employees who received $20 or more in tips during November must report them to their employer using Form 4070.

Employers. File Form 941 for third quarter of 2016 only if the tax was previously deposited timely, properly and in full. 

December 14
Employers. Semi-weekly depositors must deposit employment taxes for Dec 7–Dec 9. 

December 15
Corporations. Deposit the fourth installment payment for 2016 estimated income tax. 

December 16
Employers. Semi-weekly depositors must deposit employment taxes for Dec 10–Dec 13. 

December 21
Employers. Semi-weekly depositors must deposit employment taxes for Dec 14–Dec.16 

December 23
Employers. Semi-weekly depositors must deposit employment taxes for Dec 17–Dec 20. 

December 29
Employers. Semi-weekly depositors must deposit employment taxes for Dec 21–Dec 23. 

December 30
Employers. Semi-weekly depositors must deposit employment taxes for Dec 24–Dec 27. 

January 5
Employers. Semi-weekly depositors must deposit employment taxes for Dec 28–Dec 30. 

January 6
Employers. Semi-weekly depositors must deposit employment taxes for Dec 31.

Written by

Steve Moss, CPA is a partner at Holden Moss CPAs and loves helping businesses and their owners grow to be the very best they can be. Our other offices include Raleigh, Oxford and Warrenton. We are a little different at Holden Moss CPAs. While we still provide traditional tax and accounting services, years ago we realized many clients wanted help in running their businesses and were hungry for ideas, solutions, strategy, and execution. In response, we expanded our skill set and joined Ran One, a global network of business consulting firms. Our membership with Ran One gives us access to proprietary resources and analytical software to help our clients grow, become more profitable and valuable, and have the lifestyle they desire. Now, blended into the fabric of our normal tax and accounting needs, we are focused on our clients’ businesses in a very different way. While our approach is not right for everyone, for those whom it is, incredible results may be obtained. Whether you have a new, or established, business, or for those in transition of selling or retiring, or for those who simply need to develop an exit strategy or succession plan, our unique approach to client service may be the edge you need.

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