November 2022 tax and compliance deadlines

Whether you’re preparing your turkey for Thanksgiving, raking leaves around your house, or watching football on Sunday afternoon, don’t forget to pay attention to some important tax and compliance deadlines for Nov. 2022. Be sure to share this list with your clients.

In November, it’s recommended that you:

• Remind individual clients whose withholding status will change in 2023 to submit new W-4 forms to their employers.
• Remind individual clients who may have underpaid estimated taxes to increase withholding from salary and wages to make up for shortfall.
• Renew your PTIN.
• Make any major technology changes and decisions for the upcoming year, including tax software conversions or changing document management.

Key compliance dates:

Wednesday, Nov. 2—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 26-28.

Friday, Nov. 4—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 29-Nov. 1.

Wednesday, Nov. 9—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 2-4.

Thursday, Nov. 10:

• Social Security, Medicare, and withheld income tax. File Form 941, Employer’s Quarterly Federal Income Tax Return, for the third quarter of 2022 if tax for the quarter was deposited in full and on time.
• Tipped employees who received $20 or more in tips during October report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Monday, Nov. 14:

• Monthly depositors deposit FICA and withheld income tax for October.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 5-8.

Tuesday, Nov. 15:

• Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments made in October.
• Nonprofit returns. File a 2021 calendar year-end nonprofit tax return Form 990, Return of Organization Exempt From Income Tax. This due date applies only if you timely requested an automatic six-month extension.

Wednesday, Nov. 16—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 9-11.

Friday, Nov. 18—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 12-15.

Wednesday, Nov. 23—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 16-18.

Monday, Nov. 28—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 19-22.

Wednesday, Nov. 30—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 23-25.

Intuit Accountants Resources:

• The November 2022 calendar with filing deadlines and reminders for you and your clients.
• IRS annual inflation adjustments for tax years 2021 and 2022.
• Key tax facts for 2022.

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