December 10—You should collect Form 4070, “Employee’s Report of Tips to Employer,” from any employee who received $20 or more in tips.
• If you pay your Social Security, Medicare, and income taxes withheld on a monthly deposit, you should make that deposit by this date for the November payment.
• If you withhold nonpayroll taxes and you deposit these taxes monthly, you should deposit the November payment by this date.
December 25—Christmas Day is a federal holiday. Banks and federal offices are closed, as well as many state offices and other businesses.
• If you operate on a cash basis, this is the last day that you can make any payments and charge the amount against expenses for the current tax year or ...