November 2017 Tax and Compliance Deadlines

All of us have a great deal to be thankful for – and in November, we celebrate with our families. This time of the year is also a great opportunity to contact your clients to let them know how thankful you are for their partnership and business. And, don’t forget to remind them of November’s important tax and compliance deadlines. Here’s a list for your review.

In November, it is recommended that you:

• Remind individual clients whose withholding status will change in 2018 to submit new W-4 forms to their employers.
• Remind individual clients who may have underpaid their estimated taxes to increase the withholding from their salary and wages to make up for the shortfall.
• Renew your Preparer Tax Identification Number.
• Register online to use IRS e-services. Preparers who anticipate filing 11 or more 1040, 1040A, 1040EZ and 1041 returns during the year must file electronically.
• Set up tax preparation software and test e-filing.
• Download the IRS e-file logo and order IRS e-file marketing materials. Access the Electronic Federal Tax Payment System Toolkit here.

Key Compliance Dates:

Wednesday, Nov. 1 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 25-27.

Friday, Nov. 3 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 28-31.

Wednesday, Nov. 8 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 1-3.

Monday, Nov. 13

• File Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2017 if tax for the quarter was deposited in full and on time.
• Tipped employees who received $20 or more in tips during October should report them to the employer on Form 4070.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 4-7.

Wednesday, Nov. 15

• Monthly depositors deposit FICA and withheld income tax for October.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 8-10.

Friday, Nov. 17 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 11-14.

Wednesday, Nov. 22 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 15-17.

Monday, Nov. 27 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 18-21.

Wednesday, Nov. 29 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 22-24.

Intuit® ProConnect™ Resources:

• The November 2017 Calendar with filing deadlines and reminders for you and your clients
• Key Tax Facts for 2017
• New Tax Developments for 2017 and Beyond

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