September 2020 tax and compliance deadlines

Tax Law and News congress

There’s no doubt you’re busy helping clients meet the September business extension deadline, as well as assisting them with business continuity issues related to COVID-19. Along the way, take a look at the tax and compliance deadlines for September 2020.

In September, it’s recommended that you:

  • Schedule appointments with individual clients for year-end tax planning sessions.
  • Remind individual clients and C corporations of the extended Oct. 15 filing deadline for 2019 returns.

Key Compliance Dates:

Wednesday, Sept. 2 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 26-28.

Friday, Sept. 4 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Aug. 29-Sept. 1.

Thursday, Sept. 10:

  • Tipped employees who received $20 or more in tips during August report them to the employer on Form 4070, Employee’s Report of Tips to Employer.
  • Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 2-4.

Friday, Sept. 11 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 5-8.

Tuesday, Sept. 15:

  • Monthly depositors deposit FICA and withheld income tax for August.
  • Individuals and calendar-year corporations pay their third installment of 2020 estimated tax.
  • Calendar-year S corporations file 2019 income tax return (Form 1120S, U.S. Income Tax Return for an S Corporation) if an automatic extension was obtained.
  • Partnerships file 2019 Form 1065, U.S. Return of Partnership Income, if an automatic extension was obtained.

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

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

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

Friday, Sept. 25 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 19-22.

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

Intuit® Accountants Resources:

 

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