Important Tax Date Information
2007
December
2008
January - February - March - April - May - June - July
Calendar Year 2007
DECEMBER
December 17 - Due date for calendar-year corporations to pay the last installment of 2007 estimated income tax.
December 25 - Christmas Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
December 31 - Last day to set up a Keogh retirement plan for 2007. Deductible contributions for 2007 can be made any time up to the filing deadline for your 2007 return.
December 31 - Deadline for taking required minimum distributions from IRAs and other retirement accounts.
December 31 - Deadline to complete 2007 tax-free gifts of up to $12,000 per recipient.
December 31 - Deadline for paying expenses you want to be able to deduct on your 2007 income tax return.
Calendar Year 2008
JANUARY
January 1 - New Year's Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
January 15 - Final 2007 individual estimated tax payment is due, unless your 2007 tax return is filed and taxes are paid in full by January 31, 2008.
January 15 - Due date for calendar-year trusts and estates to pay final installment of 2007 estimated tax.
January 21 - Martin Luther King, Jr. Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
January 31 - Employers must furnish employees with W-2 statements for 2007. 1099 information statements for 2007 must be furnished by banks, brokers, and other payors.
January 31 - Employers must generally file 2007 federal unemployment tax returns and pay any tax due.
FEBRUARY
February 18 - President's Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
February 28 - Payors must file information returns (such as 1099s) with the IRS. (Electronic filers have until March 31 to file.)
February 29 - Employers must send W-2 copies to the Social Security Administration. (Electronic filers have until March 31 to file.)
MARCH
March 3 - Farmers and fishermen who did not make 2007 estimated tax payments must file 2007 tax returns and pay taxes in full.
March 17 - 2007 calendar-year corporation income tax returns are due.
March 17 - Deadline for calendar-year corporations to contribute to certain retirement accounts and still receive a tax deduction for 2007.
March 17 - Deadline for calendar-year corporations to elect S corporation status for 2008.
March 31 - Deadline for payors who file electronically to file 2007 information returns (such as 1099s) with the IRS.
March 31 - Deadline for employers who file electronically to send copies of 2007 W-2s to the Social Security Administration.
APRIL
April 1 - Deadline for taking your first IRA distribution if you turned 70½ in 2007. Unless you're still working, this deadline also applies to your other retirement accounts. It does not apply to Roth IRAs.
April 15 - Deadline for filing 2007 individual tax returns.
April 15- Deadline for filing 2007 partnership returns.
April 15 - Deadline for filing 2007 gift tax returns.
April 15 - Deadline for making your 2007 IRA contribution.
April 15 - Deadline for filing 2007 estate and trust income tax returns.
April 15 - First installment of 2008 individual estimated tax is due.
April 15 - Due date for calendar-year corporations to pay first installment of 2008 estimated tax.
April 15 - Due date for calendar-year trusts and estates to pay first installment of 2008 estimated tax.
MAY
May 15 - Deadline for calendar-year exempt organizations to file 2007 information returns.
May 26 - Memorial Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
JUNE
June 2 - Deadline for trustees to file with the IRS Form 5498, annual statements for IRAs, SEPs, SIMPLEs, Roth IRAs, and education savings accounts. Copies must be sent to plan participants.
June 16 - Second quarter 2008 individual estimated tax is due.
June 16 - Due date for calendar-year corporations to pay second installment of 2008 estimated tax.
June 16 - Due date for calendar-year trusts and estates to pay second installment of 2008 estimated tax.
JULY
July 4 - Independence Day, a federal holiday. When any tax deadline falls on a Saturday, Sunday, or legal holiday, the deadline is moved to the next business day.
July 31 - Due date for filing retirement or employee benefit plan returns (5500 series) for plans on a calendar year.