Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19

Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19

Although most American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. However, lots end up owing on April 15th and many don’t have the means to pay what they owe.

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March 2020 Individual Due Dates

March 2020 Individual Due Dates

March 10 – Report Tips to Employer

If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10.

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February 2020 Individual Due Dates

Don’t miss these February due dates!

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September 2019 Individual Due Dates

September 2019 Individual Due Dates

September 1 – 2019 Fall and 2020

September 10 – Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer on IRS Form 4070 no later than September 10. Your employer is required to 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 12 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.

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August 2019 Individual Due Dates

August 2019 Individual Due Dates

August 12 – Report Tips to Employer

If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 12. Your employer is required to 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 12 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.

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