It’s June, so that means longer days, the kids are in camp and it’s time for you to focus on your practice. Get up to speed on key compliance dates and what you need to tell your clients. As always, Intuit® Accountants is pleased to offer guidance and information to all tax practitioners.

In June, it is recommended that you:

  • Review tax law changes for 2015.
  • Schedule much-needed R&R.

Key Compliance Dates:

  • Wednesday, June 3 Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 27–29.
  • Friday, June 5 Semiweekly depositors deposit FICA and withheld income tax on wages paid on May 30-June 2.
  • Wednesday, June 10 Tipped employees who received or more in tips during May report them to the employer on Form 4070 (in Publication 1244, Employee’s Daily Record of Tips and Report to Employer). Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 3-5.
  • Friday, June 12 Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 6-9.
  • Monday, June 15 Monthly depositors deposit FICA and withheld income tax for May. Individuals and calendar-year corporations pay second installment of 2015 estimated tax. Individuals outside the U.S. file Form 1040.
  • Wednesday, June 17 Semiweekly depositors deposit FICA and withheld income tax on wages paid June 10-12.
  • Friday, June 19 Semiweekly depositors deposit FICA and withheld income tax on wages paid June 13-16.
  • Wednesday, June 24 Semiweekly depositors deposit FICA and withheld income tax on wages paid June 17-19.
  • Friday, June 26 Semiweekly depositors deposit FICA and withheld income tax on wages paid June 20-23.

Intuit Resources:

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

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