June 2017 Tax and Compliance Deadlines

The days are warmer and the kids are out of school; June may mark the official start of summer, but as you are well aware, it’s also a busy month for you and your practice. Now is a great time to reflect on tax season and find ways to stay in touch with your clients. It’s also a good time to remind your clients of several important tax deadlines. Here’s a list for your review.

In June, it is recommended that you:

• Review tax law changes for 2017.
• Schedule much-needed R&R.

Key Compliance Dates:

Thursday, June 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 24-26.

Friday, June 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 27-30.

Wednesday, June 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 31-June 2.

Friday, June 9 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 3-6.

Monday, June 12 – Tipped employees who received $20 or more in tips during May report them to the employer on Form 4070 (in Publication 1244, Employee’s Daily Record of Tips and Report to Employer).

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

Thursday, June 15:

• Monthly depositors deposit FICA and withheld income tax for May.
• Individuals and calendar-year corporations pay second installment of 2017 estimated tax.
• Individuals outside the U.S. file Form 1040 for 2016. For automatic four-month extension, file Form 4868.

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

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

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

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

Friday, June 30 – Semiweekly depositors deposit FICA and withheld income tax on wages paid June 24-27.

Intuit® ProConnect™ Resources:

• The June 2017 Calendar with filing deadlines and reminders for you and your clients
• Key Tax Facts for the 2016 Return and Key Tax Facts for 2017
• New Tax Law Changes for 2016 and New Tax Developments for 2017 and Beyond

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