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June 2016: Employer’s business tax calendar

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in Office Management,Payroll Management

NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.

Semiweekly and monthly deposits are for the deposits of FICA and withheld income taxes due on wages paid during the time periods indicated.

June 2

Semiweekly deposit for wages paid on May 25, 26 and 27.

June 3

Semiweekly deposit for wages paid on May 28, 29, 30 and 31.

June 8

Semiweekly deposit for wages paid on June 1, 2 and 3.

June 10

Semiweekly deposit for wages paid on June 4, 5, 6 and 7.

Employees who work for tips. If employees received $20 or more in tips during May, they should report them to you on Form 4070.

June 15

Semiweekly deposit for wages paid on June 8, 9 and 10.

Monthly deposit for wages paid in May, if the semiweekly deposit rule didn’t apply.

Corporations. Calendar-year corporations deposit the second installment of estimated income tax for 2016. A worksheet, Form 1120-W, is available to help you make an estimate of your tax for the year. Fiscal-year corporations deposit by the 15th day of the 6th month of their tax year.

June 17

Semiweekly deposit for wages paid on June 11, 12, 13 and 14.

June 22

Semiweekly deposit for wages paid on June 15, 16 and 17.

June 24

Semiweekly deposit for wages paid on June 18, 19, 20 and 21.

June 29

Semiweekly deposit for wages paid on June 22, 23 and 24.

June 30

Large employers e-file Forms 1095-C/1094-C with the IRS.

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