Important 2001 Tax Dates for Individuals and Businesses
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January |
All
Employers. Give your employees their copies of Form W-2 for
2007 as soon as possible. The due date is January 31.
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January
2 |
Individuals.
Earned income
credit. Stop advance payments of the earned income credit for any employee who did not give you a new
Form W-5 for 2007.
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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
16 |
Individuals.
Make a payment of your estimated tax for 2004 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 2004 estimated tax. However, you do not have to make
this payment if you file your 2004 return (Form 1040) and pay any tax due by January 31,
2007.
Farmers and fishermen. Pay your estimated tax for 2004 using Form
1040-ES. You have until April 17 to file your 2007 income tax return (Form 1040). If you
do not pay your estimated tax by January 18, you must file your 2004 return and pay any
tax due by March 1, 2007, to avoid an estimated tax penalty.
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January
31 |
Individuals.
File your income tax return (Form 1040) for 2004 if you did not pay your last installment
of estimated tax by January 18. Filing your return and paying any tax due by January 31
prevents any penalty for late payment of the last installment.
All Businesses. Give annual information statements
to recipients of certain payments you made during 2004. (You can
use the appropriate version of Form 1099 or other information
return.) Payments that are covered include the following.
- Compensation for workers who are not considered employees
(including fishing boat proceeds to crew members).
- 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.
- Payments of Indian gaming profits to tribal members.
- Profit-sharing distributions.
- Retirement plan distributions.
- Original issue discount.
- 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.)
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February
12 |
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.
|
March
1 |
Farmers and
fishermen. File your 2004 income tax return (Form 1040) to avoid an underpayment
penalty if you owe estimated tax. However, you have until April 17 to file if you paid
your 2004 estimated tax by January 18, 2007.
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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
15 |
Corporations.
File a 2004 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 2004 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.
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 2007.
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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April
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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April
16 |
Individuals. File an
income tax return for 2004 (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want
an automatic 4-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. Then file
Form 1040, 1040A, or 1040EZ by August 15. If you want an additional 2-month extension,
file Form 2688, Application for Additional Extension of Time To File U.S. Individual
Income Tax Return, as soon as possible so that your application can be acted on
before August 15.
If you are not paying your 2004 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. For more information, see Publication 505, Tax
Withholding and Estimated Tax.
Partnerships. File a 2004 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 3-month
extension of time to file the return and provide Schedule K-1,
file Form 8736. Then file Form 1065 by July 16. If you need an
additional 3-month extension, file Form 8800.
Electing large partnerships. File a 2004 calendar year
return (Form 1065-B). If you want an automatic 3-month extension
of time to file the return, file Form 8736. Then file Form 1065-B
by July 16. If you need an additional 3-month extension, file Form
8800.
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.
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May
10 |
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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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.
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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 17. If you want additional time to file your return, file Form 4868
to obtain 2 additional months to file. Then file Form 1040 by August 15. If you still need
additional time, file Form 2688 to request an additional 2 months as soon as possible so
that your application can be acted on before August 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 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. For more
information, see Publication 505.
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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
16 |
Partnerships.
File a 2004 calendar year return (Form 1065). This due date
applies only if you were given an automatic 3-month extension.
Provide each partner with a copy of Schedule K-1 (Form 1065), or a
substitute K-1. If you need an additional 3-month extension, file
Form 8800.
Electing large partnerships. File a 2004 calendar year
return (Form 1065-B). This due date applies only if you were given
an automatic 3-month extension. If you need an additional 3-month
extension, file Form 8800.
|
August
10 |
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 |
Individuals. If you have
an automatic 4-month extension to file your income tax return for
2004, file Form 1040,
1040A, or 1040EZ and pay any tax, interest, and penalties due. If you need an additional
2-month extension, file Form 2688.
|
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. For more information, see
Publication 505.
Corporations. File a 2004 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.
S corporations. File a 2004 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.
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.
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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. File a
2004
income tax return and pay any tax due if you were given an additional 2-month
extension.
Partnerships. File a 2004 calendar year return
(Form 1065). This due date applies only if you were given an
additional 3-month extension. Provide each partner with a copy of
Schedule K-1 (Form 1065), or a substitute K-1.
Electing large partnerships. File a 2004 calendar year return
(Form 1065-B). This due date applies only if you were given an
additional 3-month extension.
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November
13 |
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.
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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.
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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.
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