October 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 October 2016. 

October 5

Employers. Semi-weekly depositors must deposit employment taxes for Sept 28–Sept 30.

October 7

Employers. Semi-weekly depositors must deposit employment taxes for Oct 1–Oct 4.

October 11

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

October 13

Employers. Semi-weekly depositors must deposit employment taxes for Oct 5–Oct 7.

October 14

Employers. Semi-weekly depositors must deposit employment taxes for Oct 8–Oct 11.

October 17

Individuals. Individuals with automatic 6-month extensions file Form 1040, 1040A, or 1040EZ, and pay any tax, interest, and penalties due.

Electing Large Partnerships. Electing large partnerships that obtained a 6-month extension file Form 1065-B.

Employers. For those to whom the monthly deposit rule applies, deposit employment taxes and nonpayroll withholding for payments in September.

October 19

Employers. Semi-weekly depositors must deposit employment taxes for Oct 12–Oct 14.

October 21

Employers. Semi-weekly depositors must deposit employment taxes for Oct 15–Oct 18.

October 26

Employers. Semi-weekly depositors must deposit employment taxes for Oct 19–Oct 21.

October 28

Employers. Semi-weekly depositors must deposit employment taxes for Oct 22–Oct 25.

October 31

Employers. File Form 941 for third quarter of 2016 and deposit or pay any undeposited tax. Pay tax liability in full with timely filed return if less than $2,500. If the tax for the quarter was deposited timely, properly, and in full, deadline to file Form 941 is November 10.

Employers. Deposit federal unemployment tax owed through September if more than $500.

Certain Small Employers. Deposit any undeposited tax if tax liability is $2,500 or more for 2016 but less than $2,500 for the third quarter.

November 2

Employers. Semi-weekly depositors must deposit employment taxes for Oct 26–Oct 28.

November 4

Employers. Semi-weekly depositors must deposit employment taxes for Oct 29–Nov 1.

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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