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October 2017 Individual Due Dates

October 10 – Report Tips to Employer

• If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10.
• Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages.
  • If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 12 of your W-2 for the year.
  • You will be required to pay the uncollected withholding when your return for the year is filed.

October 16 – Individuals

• If you have an automatic 6-month extension to file your income tax return for 2016,
  • File Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due.

October 16 – SEP IRA & Keogh Contributions

• Last day to contribute to SEP or Keogh retirement plan for calendar year 2016 if the tax return is on extension through October 16.

October 2017 Business Due Dates

October 2 – Fiduciaries of Estates and Trusts

• File a 2016 calendar year return (Form 1041). This due date applies only if you were given an extension of 5 ½ months.
  • If applicable, provide each beneficiary with a copy of K-1 (Form 1041) or a substitute Schedule K-1.

 October 15 – Taxpayers with Foreign Financial Interests 

• If you received a 6-month extension of time to report your foreign financial accounts to the Department of the Treasury, this is the due date for Form FinCEN 114.

October 16 – Social Security, Medicare and withheld income tax

• If the monthly deposit rule applies, deposit the tax for payments in September.

October 16 – Nonpayroll Withholding

• If the monthly deposit rule applies, deposit the tax for payments in September.

October 31 – Social Security, Medicare and Withheld Income Tax 

• File Form 941 for the third quarter of 2017.
• Deposit or pay any undeposited tax under the accuracy of deposit rules.
• If your tax liability is less than $2,500, you can pay it in full with a timely filed return.
• If you deposited the tax for the quarter in full and on time, you have until November 10 to file the return.

October 31 – Certain Small Employers

• Deposit any undeposited tax if your tax liability is $2,500 or more for 2017 but less than $2,500 for the third quarter.

October 31 – Federal Unemployment Tax

•  Deposit the tax owed through September if more than $500.