%20-%20WHITE.png)
October 2023 Individual Due Dates
October 2 - Fiduciaries of Estates and Trusts File a 2022 calendar year return (Form 1041). This due date applies only if you were given an extension of 5½ months. If applicable, provide each beneficiary with a copy of their Schedule K-1 (Form 1041) or a substitute Schedule K-1.s
October 10 - Report Tips to Employer If you are an employee who works for tips and receives more than $20 in directions during September, you must report them to your employer on IRS Form 4070 no later than October 10. Your employer must 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 8 of your W-2 for the year. You must pay the uncollected withholding when your return for the year is filed. October 16 - Taxpayers with Foreign Financial Interests If you received an automatic 6-month extension to report your 2022 foreign financial accounts to the Department of the Treasury, this is the due date for Form FinCEN 114. October 16 - Individuals If you requested an automatic 6-month extension to file your income tax return for 2022, file Form 1040 and pay any tax, interest, and penalties due. October 16 - SEP IRA & Keogh Contributions Last day to contribute to a SEP or Keogh retirement plan for the calendar year 2022 if the tax return is on extension through October 16. Weekends & Holidays: If a due date falls on a Saturday, Sunday, or legal holiday, the due date is automatically extended until the next business day, which is not a legal holiday.
Disaster Area Extensions: Please note that due dates will be extended when a geographical area is designated as a disaster area. For more information on whether an area has been designated a disaster area and the filing extension dates, visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations For example, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.
October 2023 Business Due Dates
October 16 - Corporations File a 2022 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension by April 18. October 16 - Last Day to Establish a Keogh Account for 2022 If you received an automatic 6-month extension of time to file your 2022 tax return and are self-employed, October 16, 2023, is the last day to establish a Keogh Retirement Account if you plan to make a contribution for 2022. October 16 - Taxpayers with Foreign Financial Interests
If you received an automatic 6-month extension of time to report your 2022 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 2023. 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 13 to file the return.
October 31 - Certain Small Employers
Deposit any undeposited tax if your tax liability is $2,500 or more for 2023 but less than $2,500 for the third quarter.
October 31 - Federal Unemployment Tax
Deposit the tax owed through September if more than $500.
Weekends & Holidays: If a due date falls on a Saturday, Sunday, or legal holiday, the due date is automatically extended until the next business day, which is not a legal holiday.
Disaster Area Extensions:
Please note that due dates will be extended when a geographical area is designated as a disaster area. For more information on whether an area has been designated a disaster area and the filing extension dates, visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
For example, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.