Becky
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General Tax
July 10
Employees who work for tips: If you received $20 or more in tips during June, report them to your employer. You can use Form 4070.
Employers
July 16
Social security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments made in June.
Nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments made in June.
July 31
Social security, Medicare, and withheld income tax: File Form 941 for the second quarter of 2018. 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 2018 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, profit-sharing, or stock bonus plan, file Form 5500 or 5500-EZ for calendar year 2017. 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. For more information on filing these forms, go to IRS.gov/Form5500.
Excise
July 2
Wagering tax: File Form 730 and pay the tax on wagers accepted during May.
Heavy highway vehicle use tax: File Form 2290 and pay the tax for vehicles first used in May.
Floor stocks tax for ozone-depleting chemicals (IRS No. 20): Deposit the tax for January 1, 2018.
Occupational excise taxes: File Form 11-C to register and pay the annual tax if you’re in the business of accepting wagers.
July 11
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 June.
July 13
Regular method taxes: Deposit the tax for the last 15 days of June.
July 25
Communications and air transportation taxes under the alternative method: Deposit the tax included in amounts billed or tickets sold during the last 15 days of June.
July 27
Regular method taxes: Deposit the tax for the first 15 days of July.
July 31
Form 720 taxes: File Form 720 for the second quarter of 2018.
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.
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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 July 2018. Care should be taken to ensure all deadlines are correctly adhered to.
July 10
Employees who work for tips: If you received $20 or more in tips during June, report them to your employer. You can use Form 4070.
Employers
July 16
Social security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments made in June.
Nonpayroll withholding: If the monthly deposit rule applies, deposit the tax for payments made in June.
July 31
Social security, Medicare, and withheld income tax: File Form 941 for the second quarter of 2018. 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 2018 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, profit-sharing, or stock bonus plan, file Form 5500 or 5500-EZ for calendar year 2017. 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. For more information on filing these forms, go to IRS.gov/Form5500.
Excise
July 2
Wagering tax: File Form 730 and pay the tax on wagers accepted during May.
Heavy highway vehicle use tax: File Form 2290 and pay the tax for vehicles first used in May.
Floor stocks tax for ozone-depleting chemicals (IRS No. 20): Deposit the tax for January 1, 2018.
Occupational excise taxes: File Form 11-C to register and pay the annual tax if you’re in the business of accepting wagers.
July 11
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 June.
July 13
Regular method taxes: Deposit the tax for the last 15 days of June.
July 25
Communications and air transportation taxes under the alternative method: Deposit the tax included in amounts billed or tickets sold during the last 15 days of June.
July 27
Regular method taxes: Deposit the tax for the first 15 days of July.
July 31
Form 720 taxes: File Form 720 for the second quarter of 2018.
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.
______________________________________
- The above information applies for Calendar Year taxpayers, and was taken from the IRS Tax Calendar for 2018, which can be found here: Publication 509: Tax Calendar 2018.
- General Tax Calendar, Employers Tax Calendar, Excise Tax Calendar
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 July 2018. Care should be taken to ensure all deadlines are correctly adhered to.