April 2020 Tax Due Dates

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April 10

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

April 15

  • Employers – Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in March.
  • Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in March.

April 30

  • Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the first quarter of 2020. 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 May 11 to file the return.
  • Employers – Federal unemployment tax. Deposit the tax owed through March if more than $500.

Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.