Tax Due Dates for October 2021

October 12

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

October 15

Individuals — If you have an automatic 6-month extension to file your income tax return for 2020, file Form 1040 and pay any tax, interest, and penalties due.

Corporations — File a 2020 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension.

Employers — Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in September.

Employers — Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in September.

November 1

Employers — Social Security, Medicare, and withheld income tax. File form 941 for the third quarter of 2021. Deposit any undeposited tax. (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 in full and on time, you have until November 10 to file the return.

Certain Small Employers – Deposit any undeposited tax if your tax liability is $2,500 or more for 2021 but less than $2,500 for the third quarter.

Employers – Federal Unemployment Tax. Deposit the tax owed through October if more than $500.

Don’t forget to schedule your year-end tax planning meeting to minimize your tax burden or if you need assistance and tax advice.