HELPFUL INFORMATION
Tax information to keep you updated.
Tax Calendar
May
5/2/2025 Deposit payroll tax for payments on Apr 26-29 if the semiweekly deposit rule applies.
5/7/2025 Deposit payroll tax for payments on Apr 30 - May 2 if the semiweekly deposit rule applies.
5/9/2025 Deposit payroll tax for payments on May 3-6 if the semiweekly deposit rule applies.
5/12/2025 Employers: Employees are required to report to you tips of $20 or more earned during April.
5/12/2025 File Form 941 for the first quarter if you timely deposited all required payments.
5/14/2025 Deposit payroll tax for payments on May 7-9 if the semiweekly deposit rule applies.
5/15/2025 Deposit payroll tax for Apr if the monthly deposit rule applies.
5/15/2025 File Forms 990, 990-EZ, 990-PF, 990-N, 990-BL, 990-T (Trusts other than section 401(a) or 408(a) trusts), 4720, or 8868 for years ending 12/31/24
5/15/2025 File Form 8886-T (Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction)
5/15/2025 File Form 8038, 8038-B, 8038-G, 8038-TC for bonds issued in Jan/Feb/Mar 2025
5/16/2025 Deposit payroll tax for payments on May 10-13 if the semiweekly deposit rule applies.
5/21/2025 Deposit payroll tax for payments on May 14-16 if the semiweekly deposit rule applies.
5/23/2025 Deposit payroll tax for payments on May 17-20 if the semiweekly deposit rule applies.
5/29/2025 Deposit payroll tax for payments on May 21-23 if the semiweekly deposit rule applies.
5/30/2025 Deposit payroll tax for payments on May 24-27 if the semiweekly deposit rule applies.
June
6/2/2025 File Form 730 and pay the tax on wagers accepted during April.
6/2/2025 File Form 2290 and pay the tax for vehicles first used during April.
6/4/2025 Deposit payroll tax for payments on May 28-30 if the semiweekly deposit rule applies.
6/6/2025 Deposit payroll tax for payments on May 31 - Jun 3 if the semiweekly deposit rule applies.
6/10/2025 Employers: Employees are required to report to you tips of $20 or more earned during May.
6/11/2025 Deposit payroll tax for payments on Jun 4-6 if the semiweekly deposit rule applies.
6/13/2025 Deposit payroll tax for payments on Jun 7-10 if the semiweekly deposit rule applies.
6/16/2025 Individuals living outside the U.S.: File Form 1040 or 1040-SR and pay any tax, interest, and penalties due. For automatic extension of 4 months file form 4868 and deposit estimated tax.
6/16/2025 Individuals: Pay the second installment of 2025 estimated tax - Use Form 1040-ES.
6/16/2025 Corporations: Deposit the second installment of your 2025 estimated tax - see Pub. 542 and EFTPS.
6/16/2025 Deposit payroll tax for May if the monthly deposit rule applies.
6/16/2025 Partnerships: File Form 8804 and Forms 8805 for a calendar year entity that keeps its records and books of account outside the United States and Puerto Rico.
6/16/2025 Partnerships: File Form 8813 quarterly payment voucher and pay any tax due.
6/16/2025 Nonresident alien individuals who DID NOT receive wages as an employee subject to U.S. income tax: File Form 1040-NR. For an automatic extension, file Form 4868
6/17/2025 Individuals living outside the U.S.: File Form 3520. For automatic 4 month extension, file an income tax return extension, Form 4868.
6/17/2025 Tax Exempt Orgs: Deposit Estimated Tax for 2nd quarter due on Unrelated Business Taxable Income for Tax-Exempt Organizations. Use Form 990-W to determine the amount of estimated tax payments required.
6/18/2025 Deposit payroll tax for payments on Jun 11-13 if the semiweekly deposit rule applies.
6/23/2025 Deposit payroll tax for payments on Jun 14-17 if the semiweekly deposit rule applies.
6/25/2025 Deposit payroll tax for payments on Jun 18-20 if the semiweekly deposit rule applies.
6/27/2025 Deposit payroll tax for payments on Jun 21-24 if the semiweekly deposit rule applies.
6/30/2025 File Form 730 and pay the tax on wagers accepted during May.
6/30/2025 File Form 2290 and pay the tax for vehicles first used during May.
July
7/1/2025 File Form 11-C to register and pay annual tax if you are in the business of taking wagers.
7/2/2025 Deposit payroll tax for payments on Jun 25-27 if the semiweekly deposit rule applies.
7/7/2025 Deposit payroll tax for payments on Jun 28-30 if the semiweekly deposit rule applies.
7/7/2025 Deposit payroll tax for payments on Jul 1 if the semiweekly deposit rule applies.
7/9/2025 Deposit payroll tax for payments on Jul 2-4 if the semiweekly deposit rule applies.
7/10/2025 Employers: Employees are required to report to you tips of $20 or more earned during June.
7/11/2025 Deposit payroll tax for payments on Jul 5-8 if the semiweekly deposit rule applies.
7/15/2025 Deposit payroll tax for June if the monthly deposit rule applies.
7/16/2025 Deposit payroll tax for payments on Jul 9-11 if the semiweekly deposit rule applies.
7/18/2025 Deposit payroll tax for payments on Jul 12-15 if the semiweekly deposit rule applies.
7/23/2025 Deposit payroll tax for payments on Jul 16-18 if the semiweekly deposit rule applies.
7/25/2025 Deposit payroll tax for payments on Jul 19-22 if the semiweekly deposit rule applies.
7/30/2025 Deposit payroll tax for payments on Jul 23-25 if the semiweekly deposit rule applies.
7/31/2025 Deposit FUTA owed through June if more than $500.
7/31/2025 File Form 5500, 5500-EZ, 5500-SF, 5558, or 8955-SSA for calendar year 2024 employee benefit plan. See Form 5500 Corner on IRS for information.
7/31/2025 File Form 720 for the second quarter.
7/31/2025 File Form 730 and pay the tax on wagers accepted during June.
7/31/2025 File Form 2290 and pay the tax for vehicles first used during June.
7/31/2025 File Form 941 for the second quarter.
August
8/1/2025 Deposit payroll tax for payments on Jul 26-29 if the semiweekly deposit rule applies.
8/6/2025 Deposit payroll tax for payments on Jul 30- Aug 1 if the semiweekly deposit rule applies.
8/8/2025 Deposit payroll tax for payments on Aug 2-5 if the semiweekly deposit rule applies.
8/13/2025 Deposit payroll tax for payments on Aug 6-8 if the semiweekly deposit rule applies.
8/11/2025 Employers: Employees are required to report to you tips of $20 or more earned during July.
8/11/2025 File Form 941 for the second quarter if you timely deposited all required payments.
8/15/2025 Deposit payroll tax for payments on Aug 9-12 if the semiweekly deposit rule applies.
8/15/2025 Deposit payroll tax for July if the monthly deposit rule applies.
8/15/2025 File Form 8038, 8038-B, 8038-G, 8038-TC for bonds issued in Apr/May/Jun 2025
8/20/2025 Deposit payroll tax for payments on Aug 13-15 if the semiweekly deposit rule applies.
8/22/2025 Deposit payroll tax for payments on Aug 16-19 if the semiweekly deposit rule applies.
8/27/2025 Deposit payroll tax for payments on Aug 20-22 if the semiweekly deposit rule applies.
8/29/2025 Deposit payroll tax for payments on Aug 23-26 if the semiweekly deposit rule applies.
September
9/2/2025 File Form 730 and pay tax on wagers accepted during July.
9/2/2025 File Form 2290 and pay the tax for vehicles first used during July.
9/4/2025 Deposit payroll tax for payments on Aug 27-29 if the semiweekly deposit rule applies.
9/5/2025 Deposit payroll tax for payments on Aug 30 - Sep 2 if the semiweekly deposit rule applies.
9/10/2025 Deposit payroll tax for payments on Sep 3-5 if the semiweekly deposit rule applies.
9/10/2025 Employers: Employees are required to report to you tips of $20 or more earned during August.
9/12/2025 Deposit payroll tax for payments on Sep 6-9 if the semiweekly deposit rule applies.
9/15/2025 Deposit payroll tax for Aug if the monthly deposit rule applies.
9/15/2025 Corporations: File calendar year Form 1120S if you timely requested a 6-month extension.
9/15/2025 Corporations: Deposit the third installment of your 2025 estimated tax - see Pub. 542 and EFTPS.
9/15/2025 Partnerships: File calendar year Form 1065 if you timely requested a 6-month extension.
9/15/2025 Individuals: Pay the third installment of your 2025 estimated tax - Use Form 1040-ES.
9/15/2025 Tax Exempt Orgs: Deposit Estimated Tax for 3rd quarter due on Unrelated Business Taxable Income for Tax-Exempt Organizations. Use Form 990-W to determine the amount of estimated tax payments required.
9/15/2025 Withholding Agent: File calendar year Form 1042 if you timely requested a 6-month extension.
9/15/2025 Partnerships: File calendar year Form 8804 and Forms 8805 if you timely requested a 6-month extension.
9/15/2025 Partnerships: File Form 8813 quarterly payment voucher and pay any tax due.
9/15/2025 Foreign Trusts with a U.S. Owner: File calendar year Form 3520-A if you timely requested a 6-month extension.
9/17/2025 Deposit payroll tax for payments on Sep 10-12 if the semiweekly deposit rule applies.
9/19/2025 Deposit payroll tax for payments on Sep 13-16 if the semiweekly deposit rule applies.
9/24/2025 Deposit payroll tax for payments on Sep 17-19 if the semiweekly deposit rule applies.
9/26/2025 Deposit payroll tax for payments on Sep 20-23 if the semiweekly deposit rule applies.
9/30/2025 File Form 730 and pay tax on wagers accepted during August.
9/30/2025 File Form 2290 and pay the tax for vehicles first used during August.
The only acceptable reason for delaying payroll tax deposits is a legal federal holiday.
Deposits of $100,000 or more must be made within one business day of the day that the tax liability is incurred.
EFTPS users: Payments must be scheduled by 8 PM ET at least one calendar day before the tax due date.
General Information
Alert on social media tax advice.The IRS warns that there is a lot of “wildly inaccurate” tax advice designed to generate attention on various social media platforms. Most egregious: posts that encourage taxpayers to submit false or inaccurate information to receive or increase refunds.
Almost as bad: advising taxpayers to misuse common tax documents. For example, one disastrous but widespread strategy urges taxpayers to complete and file W-2s for themselves with made-up income and tax withholding—then file tax returns claiming refunds based on FITW listed on the false W-2s.
Extra warning: Some schemes promoted on social media use valid IRS forms in improper and fraudulent ways. The IRS and its tax profession partners actively watch for these schemes. [IR-2024-98]
Bad legal advice does not avoid penalties.
The case: The taxpayer received wire transfers from his business associate and claimed his attorney had advised him that the transfers were neither taxable nor reportable—so they were not included on the income tax return. The IRS assessed taxes on the transfers and penalties for failure to report them. The taxpayer eventually conceded the taxes and appealed the penalties.
Held: For the IRS. The taxpayer claimed “reasonable cause” for not reporting the transfers as income, based on the taxpayer’s good faith reliance on advice from a legal professional.
But for reliance on professional advice to be a “reasonable cause,” in addition to the taxpayer also having had to rely on the advice in good faith, the adviser must be a competent professional with sufficient expertise to justify the reliance—and the professional must have been provided the necessary and accurate information from the taxpayer.
The court said the taxpayer presented no evidence that the attorney was provided the necessary and accurate information.
And, the court said, if the attorney was fully informed of the transactions in detail and deemed them nontaxable, it would have been “remarkably bad advice.” Regardless, the taxpayer should have known the advice was suspect and that it was not reasonable to rely on it.
The court also said that there was no evidence the taxpayer informed either business associates or the tax preparer of the advice, indicating that he did not rely on the advice when he chose not to report the transactions. [Kroner v. Commissioner, T.C. Memo 2024-41]
Standard mileage rates
2024 2025
Business* 67 cents/mi. 70 cents/mi.
Relocation** 21 cents/mi. 21 cents/mi.
Medical 21 cents/mi. 21 cents/mi.
Charitable rate 14 cents/mi. 14 cents/mi.
* For owned/leased passenger autos, vans, pickups or panel trucks and up to 4 taxis used for hire on which no §179 or depreciation was taken.
** Starting in 2018, all relocation payments are taxable to the employee and tax deductible for the employer.
Disclaimer - General Information provided with permission from the American Institute of Professional Bookkeepers (AIPB).
This is general information for taxpayers and should not be relied upon as the only source of authority. Taxpayers should seek professional tax advice for more information.
Copyright © ProActive Bookkeeping Consultants, LLC.