More Than Accounting

November Tax Due Dates

Posted by Rhonda Spaulding on November 1, 2007

Employers Income Tax Withholding. Ask employees whose withholding allowances will be different in 2008 to fill out a new Form W-4.

Employers Earned Income Credit
. Ask each eligible employee who wants to receive advance payments of earned income credit during the year 2008 to fill out a Form W-5. A new Form W-5 must be filled out each year before payments are made.

November 12
Employees who work for tips. If you received $20 or more in tips during October, report them to your employer. You can use Form 4070.

November 15
Social security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for withholdings for October.Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in October.

Employers Social Security, Medicare, and withheld income tax. File form 941 for the third quarter of 2007. This due date applies only if you deposited the tax for the quarter in full and on time.

November 30

Employers Indiana Withholding Tax – Pay any tax collected in October.

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