USA August 2016 Federal tax dates for the USA

Becky

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General

August 10
Employees who work for tips. If you received $20 or more in tips during July, report them to your employer. You can use Form 4070.


Employers


August 1
Social security, Medicare, and withheld income tax: File Form 941 for the second quarter of 2016. 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 timely, properly, and in full, you have until August 10 to file the return.

Certain small employers: Deposit any undeposited tax if your tax liability is $2,500 or more for 2016 but less than $2,500 for the second quarter.

Federal unemployment tax: Deposit the tax owed through June if more than $500.

All employers: If you maintain an employee benefit plan, such as a pension, profitsharing, or stock bonus plan, file Form 5500 or 5500EZ for calendar year 2015. If you use a fiscal year as your plan year, file the form by the last day of the seventh month after the plan year ends.

August 10
Social security, Medicare, and withheld income tax: File Form 941 for the second quarter of 2016. This due date applies only if you deposited the tax for the quarter timely, properly, and in full.

August 15
Social security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments in July.

Nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments in July.


Excise


August 1
Form 720 taxes: File Form 720 for the second quarter of 2016.

Wagering tax: File Form 730 and pay the tax on wagers accepted during June.

Heavy highway vehicle use tax: File Form 2290 and pay the tax for vehicles first used in June.

August 10
Communications and air transportation taxes under the alternative method: Deposit the tax included in amounts billed or tickets sold during the first 15 days of July.

August 12
Regular method taxes: Deposit the tax for the last 16 days of July.

August 25
Communications and air transportation taxes under the alternative method: Deposit the tax included in amounts billed or tickets sold during the last 16 days of July.

August 29
Regular method taxes. Deposit the tax for the first 15 days of August.

August 31
Heavy highway vehicle use tax: File Form 2290 and pay the tax for vehicles first used in July.

Wagering tax: File Form 730 and pay the tax on wagers accepted during July.


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The above information applies for Calendar Year taxpayers, and was taken from the IRS Tax Calendar for 2016, which can be found here: Publication 509: Tax Calendar 2016

The above list is a general overview and does not necessarily constitute a complete and accurate picture of your / your client's tax obligations for August 2016. Care should be taken to ensure all deadlines are correctly adhered to.
 

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