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January 2008 |
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Employers - Give your
employees their copies of Form W-2 for 2007 by January 31, 2008. If an
employee agreed to receive Form W-2 electronically, post it on a website
accessible to the employee and notify the employee of the posting by
January 31st. |
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| January 1 |
Employers - Stop advance
payments of the earned income credit for any employee who did not give
you a new Form W-5 for 2008. |
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| January 10 |
Employees - who work for tips.
If you received $20 or more in tips during December, report them to your
employer. You can use Form 4070 Employee's Report of Tips to
Employer. |
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| January 15 |
Employers - Social Security,
Medicare and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in December 2007. |
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|
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Individuals- Make a payment of
your estimated tax for 2007 if you did not pay your income tax for the
year through withholding (or did not pay in enough tax that way). Use
Form 1040-ES. This is the final installment date for 2007 estimated tax.
However, you do not have to make this payment if you file your 2007
return (Form 1040) and pay any tax due by January 31, 2008. |
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|
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Employers - Nonpayroll
Withholding. If the monthly deposit rule applies, deposit the tax for
payments in December 2007. |
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|
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Farmers and Fishermen - Pay
your estimated tax for 2007 using Form 1040-ES. You have until April 15
to file your 2007 income tax return (Form 1040). If you do not pay your
estimated tax by January 15, you must file your 2007 return and pay any
tax due by March 3, 2008, to avoid an estimated tax penalty. |
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| January 31 |
Employers - Federal
unemployment tax. File Form 940 for 2007. If your undeposited tax is
$500 or less, you can either pay it with your return or deposit it. If
it is more than $500, you must deposit it. However, if you already
deposited the tax for the year in full and on time, you have until
February 11 to file the return. |
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|
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Employers - Social security,
Medicare, and withheld income tax. File Form 941 for the fourth quarter
of 2007. Deposit any undeposited tax. (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
February 11 to file the return. |
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|
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Employers - Nonpayroll taxes.
File Form 945 to report income tax withheld for 2007 on all nonpayroll
items, including backup withholding and withholding on pensions,
annuities, IRAs, gambling winnings, and payments of Indian gaming
profits to tribal members. Deposit any undeposited tax. (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 year in full and on
time, you have until February 11 to file the return. |
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|
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Employers - Give your
employees their copies of Form W-2 for 2007. If an employee agreed to
receive Form W-2 electronically, post it on a website accessible to the
employee and notify the employee of the posting by January 31st. |
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Individuals - who must make
estimated tax payments. If you did not pay your last installment of
estimated tax by January 15, you may choose (but are not required) to
file your income tax return (Form 1040) for 2007. Filing your return and
paying any tax due by January 31 prevents any penalty for late payment
of last installment. |
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Businesses - Give annual
information statements to recipients of 1099 payments made during 2007. |
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February 2008 |
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| February 11 |
Employers - Federal
unemployment tax. File Form 940 for 2007. This due date applies only if
you deposited the tax for the year in full and on time. |
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|
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Employers - Social security,
Medicare, and withheld income tax. File Form 941 for the fourth quarter
of 2007. This due date applies only if you deposited the tax for the
quarter in full and on time. |
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|
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Small Employers - File Form
944 to report social security and Medicare taxes and withheld income tax
for 2007. This due date applies only if you deposited the tax for the
year in full and on time. |
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|
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Farm Employers - File Form 943
to report social security and Medicare taxes and withheld income tax for
2007. This due date applies only if you deposited the tax for the year
in full and on time. |
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|
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Employers - Nonpayroll taxes.
File Form 945 to report income tax withheld for 2007 on all nonpayroll
items. This due date applies only if you deposited the tax for the year
in full and on time. |
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Employees - who work for tips.
If you received $20 or more in tips during January, report them to your
employer. You can use Form 4070. |
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| February 15 |
Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in January. |
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|
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Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in January. |
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|
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Individuals - If you claimed
exemption from income tax withholding last year on the Form W-4 you gave
your employer, you must file a new Form W-4 by this date to continue
your exemption for another year. |
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Employers - Begin withholding
income tax from the pay of any employee who claimed exemption from
withholding in 2007, but did not give you a new Form W-4 to continue the
exemption this year. |
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| February
28 |
Businesses - File
information returns (Form 1099) for certain payments you made during
2007. These payments are described under January 31. There are
different forms for different types of payments. Use a separate Form
1096 to summarize and transmit the forms for each type of payment. See
the 2007 Instructions for Forms 1099, 1098, 5498, and W-2G for
information on what payments are covered, how much the payment must be
before a return is required, what form to use, and extensions of time to
file.
If you file Forms 1098, 1099, or W-2G
electronically (not by magnetic media), your due date for filing them
with the IRS will be extended to March 31. The due date for giving the
recipient these forms will still be January 31. |
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| February 29 |
Employers - File
Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of
all the Forms W-2 you issued for 2007.
If you file Forms W-2 electronically (not by
magnetic media), your due date for filing them with the SSA will be
extended to March 31. The due date for giving the recipient these forms
will still be January 31. |
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March 2008 |
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| March 10 |
Employees who work for tips. -
If you received $20 or more in tips during February, report them to your
employer. You can use Form 4070. |
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| March 17 |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in February. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in February. |
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|
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Corporations - File a 2007
calendar year income tax return (Form 1120 or 1120-A) and pay any tax
due. If you want an automatic 6-month extension of time to file the
return, file Form 7004 and deposit what you estimate you owe. |
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|
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S Corporations - File a 2007
calendar year income tax return (Form 1120S) and pay any tax due.
Provide each shareholder with a copy of Schedule K-1 (Form 1120S),
Shareholder's Share of Income, Credits, Deductions, etc., or a
substitute Schedule K-1. If you want an automatic 6-month extension of
time to file the return, file Form 7004 and deposit what you estimate
you owe. |
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Electing large partnerships -
Provide each partner with a copy of Schedule K-1 (Form 1065-B),
Partner's Share of Income (Loss) From an Electing Large Partnership.
This due date is effective for the first March 15 following the close of
the partnership's tax year. The due date of March 15 applies even if the
partnership requests an extension of time to file the Form 1065-B by
filing Form 8736 or Form 8800. |
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S corporation election - File
Form 2553, Election by a Small Business Corporation, to choose to
be treated as an S corporation beginning with calendar year 2008. If
Form 2553 is filed late, S treatment will begin with calendar year 2009. |
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| March 31 |
Electronic filing of Forms 1098,
1099, and W-2G. File Forms 1098, 1099, or W-2G with the IRS. This
due date applies only if you file electronically (not by magnetic
media). Otherwise, see February 28.
The due date for giving the recipient these forms
will still be January 31.
For information about filing Forms 1098, 1099, or
W-2G electronically, see Publication 1220, Specifications for Filing
Forms 1098, 1099, 5498 and W-2G Magnetically or Electronically. |
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April 2008 |
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| April 10
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Employees who work for tips.
If you received $20 or more in tips during March, report them to your
employer. You can use Form 4070. |
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| April 15 |
Individuals. File an income
tax return for 2007 (Form 1040, 1040A, or 1040EZ) and pay any tax due.
If you want an automatic 6-month extension of time to file the return,
file Form 4868, Application for Automatic Extension of Time To File U.S.
Individual Income Tax Return, or you can get an extension by phone if
you pay part or all of your estimate of income tax due with a credit
card. Then file Form 1040, 1040A, or 1040EZ by October 15. |
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Household employers. If you
paid cash wages of $1,500 or more in 2007 to a household employee, file
Schedule H (Form 1040) with your income tax return and report any
employment taxes. Report any federal unemployment (FUTA) tax on Schedule
H if you paid total cash wages of $1,000 or more in any calendar quarter
of 2006 or 2007 to household employees. Also report any income tax you
withheld for your household employees. |
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Individuals. If you are not
paying your 2008 income tax through withholding (or will not pay in
enough tax during the year that way), pay the first installment of your
2008 estimated tax. Use Form 1040-ES. |
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|
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Partnerships. File a 2007
calendar year return (Form 1065). Provide each partner with a copy of
Schedule K-1 (Form 1065), Partner's Share of Income, Credits,
Deductions, etc., or a substitute Schedule K-1. If you want an automatic
6-month extension of time to file the return and provide Schedule K-1 or
a substitute Schedule K-1, file Form 7004. Then file Form 1065 by
October 15. |
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|
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Electing large partnerships.
File a 2007 calendar year return (Form 1065-B). If you want an automatic
6-month extension of time to file the return, file Form 7004. Then file
Form 1065-B by October 15. See March 15 for the due date for furnishing
the Schedules K-1 to the partners. |
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|
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Corporations. Deposit the
first installment of estimated income tax for 2008. A worksheet, Form
1120-W, is available to help you estimate your tax for the year. |
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|
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Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in March. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in March. |
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|
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| April 30 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the first quarter
of 2008. Deposit any undeposited tax. (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
May 10 to file the return. |
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Employers Federal Unemployment
Tax. Deposit the tax owed through March if more than $500. |
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May 2008 |
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| May 12 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the first quarter
of 2008. This due date applies only if you deposited the tax for the
quarter in full and on time. |
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Employees who work for tips.
If you received $20 or more in tips during April, report them to your
employer. You can use Form 4070. |
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| May 15 |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in April. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in April. |
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|
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June 2008 |
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| June 10 |
Employees who work for tips.
If you received $20 or more in tips during May, report them to your
employer. You can use Form 4070. |
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| June 16 |
Individuals. If you are a U.S.
citizen or resident alien living and working (or on military duty)
outside the United States and Puerto Rico, file Form 1040 and pay any
tax, interest, and penalties due. Otherwise, see April 15. If you want
additional time to file your return, file Form 4868 to obtain 4
additional months to file. Then file Form 1040 by October 15.
However, if you are a participant in a combat zone
you may be able to further extend the filing deadline. |
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|
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Individuals. Make a payment of
your 2008 estimated tax if you are not paying your income tax for the
year through withholding (or will not pay in enough tax that way). Use
Form 1040-ES. This is the second installment date for estimated tax in
2008. |
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|
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Corporations. Deposit the
second installment of estimated income tax for 2008. A worksheet, Form
1120-W, is available to help you estimate your tax for the year. |
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|
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Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in May. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in May. |
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|
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July 2008 |
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|
| July 10 |
Employees who work for tips.
If you received $20 or more in tips during June, report them to your
employer. You can use Form 4070. |
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|
| July 15 |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in June. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in June. |
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|
| July 31 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the second quarter
of 2007. Deposit any undeposited tax. (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
August 10 to file the return. |
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|
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Employers Federal Unemployment
Tax. Deposit the tax owed through June if more than $500. |
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|
|
Employers If you maintain an
employee benefit plan, such as a pension, profit sharing, or stock bonus
plan, file Form 5500 or 5500-EZ for calendar year 2007. If you use a
fiscal year as your plan year, file the form by the last day of the
seventh month after the plan year ends. |
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August 2008 |
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| August 11 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the second quarter
of 2007. This due date applies only if you deposited the tax for the
quarter in full and on time. |
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|
|
Employees who work for tips.
If you received $20 or more in tips during July, report them to your
employer. You can use Form 4070. |
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| August 15 |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in July. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in July. |
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|
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September 2008 |
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|
| September 10 |
Employees who work for tips.
If you received $20 or more in tips during August, report them to your
employer. You can use Form 4070. |
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|
| September 15 |
Individuals. Make a payment of
your 2008 estimated tax if you are not paying your income tax for the
year through withholding (or will not pay in enough tax that way). Use
Form 1040-ES. This is the third installment date for estimated tax in
2008. |
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|
| |
Corporations. File a 2007
calendar year income tax return (Form 1120 or 1120-A) and pay any tax
due. This due date applies only if you timely requested an automatic
6-month extension. Otherwise, see March 15. |
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|
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S corporations. File a 2007
calendar year income tax return (Form 1120S) and pay any tax due. This
due date applies only if you timely requested an automatic 6-month
extension. Otherwise, see March 15. Provide each shareholder with a copy
of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. |
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|
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Corporations. Deposit the
third installment of estimated income tax for 2008. A worksheet, Form
1120-W, is available to help you make an estimate of your tax for the
year. |
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|
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Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in August. |
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|
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Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in August. |
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|
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October 2008 |
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|
| October 10 |
Employees who work for tips.
If you received $20 or more in tips during September, report them to
your employer. You can use Form 4070. |
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|
| October 15 |
Individuals. If you have an
automatic 6-month extension to file your income tax return for 2007,
file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and
penalties due. |
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|
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Partnerships. File a 2007
calendar year return (Form 1065). This due date applies only if you were
given an additional 6-month extension. Provide each partner with a copy
of Schedule K-1 (Form 1065) or a substitute K-1. |
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|
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Electing large partnerships.
File a 2007 calendar year return (Form 1065-B). This due date applies
only if you were given an additional 6-month extension. See March 15 for
the due date for furnishing the Schedules K-1 to the partners. |
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|
| |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in September. |
| |
|
| |
Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in September. |
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|
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|
| October 31 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the third quarter
of 2008. Deposit any undeposited tax. (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 10 to file the return. |
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|
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Employers Federal Unemployment
Tax. Deposit the tax owed through September if more than $500. |
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|
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November 2008 |
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|
| |
Employers Income Tax
Withholding. Ask employees whose withholding allowances will be
different in 2009 to fill out a new Form W-4. |
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|
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Employers Earned Income
Credit. Ask each eligible employee who wants to receive advance payments
of earned income credit during the year 2009 to fill out a Form W-5. A
new Form W-5 must be filled out each year before payments are made. |
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|
| November 10 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the third quarter
of 2008. This due date applies only if you deposited the tax for the
quarter in full and on time. |
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|
| |
Employees who work for tips.
If you received $20 or more in tips during April, report them to your
employer. You can use Form 4070. |
| |
| |
|
| November 17 |
Employers - Nonpayroll
withholding. If the monthly deposit rule applies, deposit the tax for
payments in October. |
| |
|
| |
Employers - Social security,
Medicare, and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in October. |
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|
|
December 2008 |
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|
| December 10 |
Employees who work for tips.
If you received $20 or more in tips during November, report them to your
employer. You can use Form 4070. |
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|
| December 15 |
Corporations. Deposit the
fourth installment of estimated income tax for 2008. A worksheet, Form
1120-W, is available to help you estimate your tax for the year. |
| |
|
| |
Employers Social security,
Medicare, and withheld income tax - If the monthly deposit rule applies,
deposit the tax for payments in November. |
| |
|
| |
Employers Nonpayroll
withholding - If the monthly deposit rule applies, deposit the tax for
payments in November |
