October 2023 Individual Due Dates

October 2 – Fiduciaries of Estates and Trusts

File a 2022 calendar year return (Form 1041). This due date applies only if you were given an extension of 5½ months. If applicable, provide each beneficiary with a copy of their Schedule K-1 (Form 1041) or a substitute Schedule K-1.s

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 8 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 16 – Taxpayers with Foreign Financial Interests

If you received an automatic 6-month extension of time to report your 2022 foreign financial accounts to the Department of the Treasury, this is the due date for Form FinCEN 114. 

October 16 – Individuals

If you requested an automatic 6-month extension to file your income tax return for 2022, file Form 1040 and pay any tax, interest, and penalties due.

October 16 – SEP IRA & Keogh Contributions

Last day to contribute to a SEP or Keogh retirement plan for calendar year 2022 if tax return is on extension through October 16.

Weekends & Holidays:

If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday. 

Disaster Area Extensions:

Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:

FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

For example, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.

 

October 2023 Business Due Dates

October 16 – Corporations

File a 2022 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 by April 18.

October 16 – Last Day to Establish a Keogh Account for 2022

If you received an automatic 6-month extension of time to file your 2022 tax return and are self-employed, October 16, 2023, is the last day to establish a Keogh Retirement Account if you plan to make a contribution for 2022.

October 16 – Taxpayers with Foreign Financial Interests 

If you received an automatic 6-month extension of time to report your 2022 foreign financial accounts to the Department of the Treasury, this is the due date for Form FinCEN 114. 

October 16 – Social Security, Medicare and withheld income tax

If the monthly deposit rule applies, deposit the tax for payments in September.

October 16 – Nonpayroll Withholding

If the monthly deposit rule applies, deposit the tax for payments in September.

October 31 – Social Security, Medicare and Withheld Income Tax 

File Form 941 for the third quarter of 2023. Deposit or pay any undeposited tax under the accuracy of deposit rules. 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 13 to file the return.

October 31 –  Certain Small Employers

Deposit any undeposited tax if your tax liability is $2,500 or more for 2023 but less than $2,500 for the third quarter.

October 31 –  Federal Unemployment Tax

Deposit the tax owed through September if more than $500.

Weekends & Holidays:

If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.

Disaster Area Extensions:

Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:

FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

For example, disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.