October 10 –
Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips
during September, you are required to report them to your employer on IRS Form
4070 no later than October 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.
October 15 – Taxpayers with Foreign Financial Interests
If you received an automatic 6-month extension of time to report your 2018
foreign financial accounts to the Department of the Treasury, this is the due
date for Form FinCEN 114.
October 15 – Individuals
If you have an automatic 6-month extension to file your income tax return for
2018, file Form 1040 and pay any tax, interest, and penalties due.
October 15 – SEP IRA & Keogh Contributions
Last day to contribute to a SEP or Keogh retirement plan for calendar year 2018
if tax return is on extension through October 15. 15 Social Security, Medicare
and Withheld Income Tax If the monthly deposit rule applies, deposit the tax
for payments in September.
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