November Tax Due Dates?

Now that the ghouls and goblins are soon to leave us, the November tax due dates are here. Read below for what a person’s or business’ tax responsibility may be for the month of November. Hopefully you will have something to be thankful for by the end of the month. If you are not ready for your tax deadlines,

November, 2016, tax due dates, November tax due dates

November Tax Due Dates for an Individuals

November 10 – Report Tips to Employer

Are you an employee who works for tips? Did you receive more than $20 in tips during September? Then you must report the tips to your employer on IRS Form 4070 no later than November 10. Your employer has to withhold FICA and income taxes for these tips from your regular wages. If your regular wages are not enough 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 need to pay the uncollected withholding when your return for the year is filed.

November Tax Due Dates for a Business

November tax dues dates aren’t something you would be giving thanks for. But when it comes to your business make sure you read these below:

November 10 – Social Security, Medicare and Withheld income tax

Make it a point to file the Form 941 for the third quarter of 2016. This due date applies only if you deposited the tax for the quarter in full and on time.

November 15 – Social Security, Medicare and Withheld Income Tax

If the monthly deposit rule applies, deposit the tax for payments for October.

November 15 – Non-payroll Withholding

If the monthly deposit rule applies, deposit the tax for payments for October.

November 15 – Non-payroll Withholding

October 31 – Federal Unemployment Tax

Make sure that you deposit the tax owed through September if you owe more than $500.

Are you scared that you may missed past tax deadlines?

There is usually a deadline every month and those dates may apply to someone. Don’t let it frighten you, just see the links below just to be on the safe side.

Just so you know, Congress did something right, and has made some deadline changes for the year? You may want to look into them.

Do Not Miss the November Tax Deadlines.

Do you have any questions about all of this? Call Alex Franch, BS EA at 781.849.7200. He can answer any questions you may have. Alex is an enrolled agent with the IRS. He can guide you through the reporting deadlines that may apply to you or your business.

Sources and Resources:

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