USA May 2017 Federal tax deadlines for the USA


Becky

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General

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


Employers

May 1
Social security, Medicare, and withheld income tax: File Form 941 for the first quarter of 2017. 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 May 10 to file the return.

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

May 10
Social security, Medicare, and withheld income tax: File Form 941 for the first quarter of 2017. This due date applies only if you deposited the tax for the quarter timely, properly, and in full.

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

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


Excise

May 1
Form 720 taxes: File Form 720 for the first quarter of 2017.

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

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

May 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 April.

May 12
Regular method taxes: Deposit the tax for the last 15 days of April.

May 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 April.

May 26
Regular method taxes: Deposit the tax for the first 15 days of May.

May 31
Wagering tax: File Form 730 and pay the tax on wagers accepted during April.

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



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The above information applies for Calendar Year taxpayers, and was taken from the IRS Tax Calendar for 2017, which can be found here: Publication 509: Tax Calendar 2017.

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 May 2017. Care should be taken to ensure all deadlines are correctly adhered to.
 
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