Hello December! There is a list of important tax and compliance deadlines.
In December, Key Compliance Dates:
Employees whose withholding status will change in 2022 should submit a new Form W-4 to the employer.
Wednesday, Dec. 1—Semiweekly depositors deposit FICA and withheld income tax on wages paid on November 24–26.
Friday, Dec. 3—Semiweekly depositors deposit FICA and withheld income tax on wages paid on November 27–30.
Wednesday, Dec. 8—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 1–3.
Friday, Dec. 10:
Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 4–7.
During November, tipped employees who received $20 or more in tips report them to the employer on Form 4070, Employee's Report of Tips to Employer.
Wednesday, Dec. 15：
Monthly depositors deposit FICA and withheld income tax for November.
Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 8–10.
Calendar-year corporations pay the fourth installment of the 2021 estimated tax.
Friday, Dec. 17—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 11–14.
Wednesday, Dec. 22—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 15–17.
Monday, Dec. 27—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 18–21.
Wednesday, Dec. 29—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 22–24.
Friday, Dec. 31:
Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 25–28.
Employers must pay 50% of the amount of the employer share of Social Security tax for 2020 that was deferred under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The remainder of the deferred tax is due by Dec. 31, 2022.
Employers must withhold and pay the employee share of Social Security tax for 2020 that was deferred under President Trump's Executive Memorandum (8/8/20).
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