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January 2008 |
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 |
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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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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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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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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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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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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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Employers
- Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in
January. |
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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 |
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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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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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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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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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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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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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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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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|
| |
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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|
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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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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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|
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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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|
| |
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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|
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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. |
| |
|
| |
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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|
| |
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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|
| |
Employers
- Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in
August. |
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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 |
| |
|
|
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. |
| |
|
| |
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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|
| |
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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|
|
|
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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|
| |
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. |
| |
|
| |
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. |
| |
|
|
December 2008 |
| |
|
|
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. |
| |
|
| |
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. |
| |
|
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