December
2007
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 17 Corporations. Deposit the fourth installment of
estimated income tax for 2007. 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.
January
2008
All 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.
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.
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 Employers - Social Security, Medicare and withheld
income tax. If the monthly deposit rule applies, deposit the
tax for payments in December 2007.
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.
Employers - Nonpayroll Withholding If the monthly deposit
rule applies, deposit the tax for payments in December 2007.
January 31 Employers - Federal unemployment tax. File Form
940 (or 940-EZ) for 2007. If your undeposited tax is $100
or less, you can either pay it with your return or deposit
it. If it is more than $100, 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.
Employers - Social security, Medicare, and withheld income
tax. File Form 941 for the fourth quarter of 2006. 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.
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.
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.
Individuals - File your income tax return (Form 1040) for
2007 if you did not pay your last installment of estimated
tax by January 15. Filing your return and paying any tax due
by January 31 prevents any penalty for late payment of last
installment.
All Businesses - Give annual information statements to recipients
of 1099 payments made during 2007.
February
2008
February 11 Employers - Federal unemployment tax. File Form
940 (or 940-EZ) for 2007. This due date applies only if you
deposited the tax for the year in full and on time.
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.
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.
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 Employers - Social security, Medicare, and withheld
income tax. If the monthly deposit rule applies, deposit the
tax for payments in January.
Employers - Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in January.
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.
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.
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 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.
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.
March
2008
March 12 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 Employers - Nonpayroll withholding. If the monthly
deposit rule applies, deposit the tax for payments in February.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in February.
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.
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.
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.
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 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.
April
2008
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 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.
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.
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.
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.
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.
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.
Employers - Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in March.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in March.
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.
Employers Federal Unemployment Tax. Deposit the tax owed through
March if more than $500.
May
2008
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.
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.
May 15 Employers - Nonpayroll withholding. If the monthly
deposit rule applies, deposit the tax for payments in April.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in April.
June
2008
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.
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.
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.
Employers - Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in May.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in May.
July
2008
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.
July 15 Employers - Nonpayroll withholding. If the monthly
deposit rule applies, deposit the tax for payments in June.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in June.
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.
Employers Federal Unemployment Tax. Deposit the tax owed through
June if more than $500.
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.
August
2008
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.
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.
August 15 Employers - Nonpayroll withholding. If the monthly
deposit rule applies, deposit the tax for payments in July.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in July.
September
2008
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.
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.
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.
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.
Employers - Nonpayroll withholding. If the monthly deposit
rule applies, deposit the tax for payments in August.
Employers - Social security, Medicare, and withheld income
tax. If the monthly deposit rule applies, deposit the tax
for payments in August.
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.
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.
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.
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.
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.
Employers Federal Unemployment Tax. Deposit the tax owed through
September if more than $500.
November 2008
Employers Income Tax Withholding. Ask employees whose withholding
allowances will be different in 2009 to fill out a new Form
W-4.
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.
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.
