View 2008 Employer's
Tax Calendar
This General Tax Calendar shows the due
dates for filing tax returns and reporting
tax information.
Generally, if the due date falls on a Saturday,
Sunday or legal holiday, the due date is the
next business day. However, we recommend using
the standard dates listed below to be on the
safe side.
While these due dates are generally applicable, certain tax circumstances
and specific situations may result in modification of these dates.
Accordingly, if in doubt, you should verify the due date with your
tax advisor.
General Tax Calendar
January / February / March / April / May / June / July / August September / October / November / December
Fiscal-year taxpayers. If you file your income tax return for a
fiscal year rather than the calendar year, you must change some
of the dates in this calendar to correspond with your year end.
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.
January 15
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.
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.
January 31
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 by January 31. Filing your return and
paying any tax due by January 31 prevents any penalty for
late payment of the last installment. If you cannot file and pay
your tax by January 31, file and pay your tax by April 15.
All businesses. Give annual information statements to recipients
of certain payments you made during 2007. You can use the appropriate
version of Form 1099 or other information return. Form 1099
can be issued electronically with the consent of the recipient. Payments
that may be covered include the following.
• Compensation for workers who are not considered employees.
•
Dividends and other corporate distributions.
•
Interest.
•
Amounts paid in real estate transactions.
•
Rent.
•
Royalties.
•
Amounts paid in broker and barter exchange transactions.
•
Payments to attorneys.
•
Profit-sharing distributions.
•
Retirement plan distributions.
•
Prizes and awards.
•
Medical and health care payments.
•
Debt cancellation (treated as payment to
debtor).
•
Cash payments over $10,000. See the instructions for Form 8300,
Report of Cash Payments Over $10,000 Received in a Trade or Business.
See the 2007 General Instructions for Forms 1099, 1098, 5498, and
W-2G for information on what payments are
covered, how much the payment must be before a statement is required,
which form to use, when to
file, and extensions of time to provide statements
to the IRS.
February 11
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.
February 15
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.
February 28
All 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 General 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, which 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 remains January 31.
March 3
Farmers and fishermen. File your 2007 income
tax return (Form 1040) and pay any tax due.
However, you have until April 15 to file if
you paid your 2007 estimated tax by January
15, 2008.
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.
March 17
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, Application for Automatic 6-Month
Extension of Time To File Certain Business
Income Tax, Information, and Other Returns,
and deposit what you estimate you owe.
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, Deductions, Credits, 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.
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.
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 remains 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 Electronically or Magnetically.
April 10
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.
April 15
Individuals. File a 2007 income tax return
(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 or over the Internet. Then, file
Form 1040, 1040A, or 1040EZ by October
15.
Household employers. If you paid cash wages
of $1,500 or more in 2007 to a household
employee, you must file Schedule H. If you
are required to file a federal income tax
return (Form 1040), file Schedule H with
the return and report any household 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. For more information,
see Publication 926.
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. For more
information, see Publication 505.
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, Deductions,
Credits, 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.
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.
May 12
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.
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.
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. See Publication 3, Armed
Forces’ Tax Guide.
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. For more
information, see Publication 505.
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.
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.
August 11
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.
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.
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. For more
information, see Publication 505.
Corporations. File a 2007
calendar year income tax return (Form 1120
or 1120-A)
and pay any tax, interest, and penalties
due. This due date applies only if you timely
requested an automatic 6-month extension.
Otherwise, see March 17.
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 17. Provide each shareholder
with a copy of Schedule K-1 (Form 1120S)
or a substitute Schedule K-1.
Corporations. Deposit the
third installment of estimated income tax
for 2008. A worksheet,
Form 1120-W, is available to help you estimate
your tax for the year.
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.
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.
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 Schedule
K-1.
November 10
Employees who work for tips. If
you received $20 or more in tips during
October, report
them to your employer. You can use Form
4070.
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.
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.
