March 2018 Tax and Compliance Deadlines

Tax Law and News
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Tax professional with clients

There’s no doubt you’re knee-deep in working on tax returns for your individual and business clients. Please don’t forget about this month’s important tax and compliance deadlines:

In March, it is recommended that you:

  • File extensions for individuals who have not yet met your deadline for return preparation.
  • Remind individual clients of their April 16 estimated tax payment.
  • File extensions for S corporations or partnerships that will not meet the March 15 filing deadline.

Key Compliance Dates:

Friday, March 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 24-27.

Wednesday, March 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 28-March 2.

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

Monday, March 12 – Tipped employees who received $20 or more in tips during February report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

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

Thursday, March 15:

  • Monthly depositors deposit FICA and withheld income tax for February.
  • Calendar-year S corporations file 2017 income tax return on Form 1120S, U.S. Income Tax Return for an S Corporation; alternatively, file for an automatic six-month extension.
  • Calendar-year partnerships file 2017 information return (Form 1065, S. Return of Partnership Income); alternatively, file for an automatic six-month extension (Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns).

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

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

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

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

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

Intuit® ProConnect™ Resources:

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

Dorinda DeScherer

Dorinda DeScherer is an attorney specializing in tax and employment law. She is an honors' graduate of Barnard College of Columbia University and the University of Maryland School of Law. She is currently a principal with Editorial Resource Group, where she specializes in writing and editing professional publications.