Key Tax Dates – July 2012

A little bit late posting this but July is a quiet month for tax deadlines.

The usual employer tax deadlines continue through the month for paying over tax payments to the IRS.

Other deadlines this month include:
July 10 – Employees must report all tips for June if they total more than $20.
July 31 – Employers file 2011 forms 5500 or 5500-EZ for calendar year employee benefit plans.
July 31 – If FUTA owed for period to June is more than $500 deposit amount due with the IRS.

Posted by Mark Smith an accountant and tax preparer with over 28 years accounting and tax experience. He is the owner of Cranmere Accounting and Tax Services LLC. He can be contacted on (480) 363-4808 or by email at info@cranmereaccountingandtax.com if you need assistance with any of the above.

Disclaimer – This article does not constitute personal tax advice to the reader and is only offering general information. You should seek professional advice for your own situation as the most appropriate tax planning depends on your personal and unique circumstances.

Posted By Mark Smith

Mark Smith, EA is an Enrolled Agent and accountant with over 30 years tax and accounting experience. He is the owner of Cranmere Accounting and Tax Services LLC. He can be contacted on (480) 363-4808 or by email at info@cranmereaccountingandtax.com if you need assistance with any of the above.

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