All employers - Give your
employees their copies of Form W-2 for 2006 by January 31, 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. |
January 2007
|
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 2007. |
|
|
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 16 |
Employers - Social Security,
Medicare and withheld income tax. If the monthly deposit rule applies,
deposit the tax for payments in December 2006. |
|
|
|
Individuals- Make
a payment of your estimated tax for 2006 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 2006
estimated tax. However, you do not have to make this payment if you file
your 2006 return (Form 1040) and pay any tax due by January 31, 2007. |
|
|
|
Employers - Nonpayroll Withholding
If the monthly deposit rule applies, deposit the tax for payments in
December 2006. |
|
|
January
31 |
Employers -
Federal unemployment tax. File Form 940 (or 940-EZ) for 2006. 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 12 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 12 to file the return. |
|
|
|
Employers -
Nonpayroll taxes. File Form 945 to report income tax withheld for 2006
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 12 to file the return. |
|
|
|
Employers - Give your
employees their copies of Form W-2 for 2006. 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 2006 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 2006. |
|
|
February 2007 |
|
|
February
12 |
Employers -
Federal unemployment tax. File Form 940 (or 940-EZ) for 2006. 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 2006. 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 2006
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 2006, 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 2006. 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 2006 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 April 2. 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 2006.
If you file Forms W-2 electronically (not by
magnetic media), your due date for filing them with the SSA will be
extended to April 2. The due date for giving the recipient these forms
will still be January 31. |
|
|
March 2007 |
|
|
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 15 |
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 2006 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 2006 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
2007. If Form 2553 is filed late, S treatment will begin with calendar
year 2008. |
|
|
April 2007 |
|
|
April 2 |
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 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 16 |
Individuals. File an income
tax return for 2006 (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 2006 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 2005 or 2006 to household employees. Also report any
income tax you withheld for your household employees. |
|
|
|
Individuals. If
you are not paying your 2007 income tax through withholding (or will not
pay in enough tax during the year that way), pay the first installment
of your 2007 estimated tax. Use Form 1040-ES. |
|
|
|
Partnerships. File a 2006
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 2006 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 2007. 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. |
|
|
May 2007 |
|
|
|
|
May 1 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the first 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
May 10 to file the return. |
|
|
|
Employers Federal Unemployment
Tax. Deposit the tax owed through March if more than $500. |
|
|
|
|
May 10 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the first 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 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 2007 |
|
|
June 11 |
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 15 |
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 16. 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 2007 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 2007. |
|
|
|
Corporations.
Deposit the second installment of estimated income tax for 2007. 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 2007 |
|
|
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 16 |
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 31st |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the second 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
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 2006. 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 2007 |
|
|
August 10 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the second quarter
of 2006. 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 2007 |
|
|
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
17 |
Individuals. Make
a payment of your 2007 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 2007. |
|
|
|
Corporations. File
a 2006 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 2006 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 2007. 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 2007 |
|
|
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 16 |
Individuals. If you have an
automatic 6-month extension to file your income tax return for 2006,
file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and
penalties due. |
|
|
|
Partnerships. File
a 2006 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 2006 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 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
November 12 to file the return. |
|
|
|
Employers Federal Unemployment
Tax. Deposit the tax owed through September if more than $500. |
|
|
November 2007 |
|
|
|
Employers Income Tax
Withholding. Ask employees whose withholding allowances will be
different in 2008 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 2008 to fill out a Form W-5. A
new Form W-5 must be filled out each year before payments are made. |
|
|
November 12 |
Employers Social Security,
Medicare, and withheld income tax. File form 941 for the third 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 April, report them to your
employer. You can use Form 4070. |
|
|
|
November 15 |
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 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. |