June 2020 Individual Due DatesBack to all blogs
June 1 - NOTE - This normally is the date for IRA Trustees to issue Form 5498.
However, on May 28, 2020 just 4 days before the due date, the IRS issued Notice 2020-35 postponing the due date for the Form 5498 series until August 31, 2020.
June 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during May, you are required to report them to your employer on IRS Form 4070 no later than June 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 12 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.
June 15 - Estimated Tax Payment Due
Normally the June estimated tax payment is due June 15. However, due to the COVID-19 emergency this due date has been extended to July 15.
June 15 - Taxpayers Living Abroad
Normally, for a U.S. citizen or resident alien living and working (or on military duty) outside the United States and Puerto Rico, June 15 is the filing due date for your 2019 income tax return and to pay any tax due. However, due to the COVID-19 emergency this due date has been extended to July 15.