Deadlines for Individual & Corporate Taxpayers
2007-2008 Tax Calendar
Important dates for taxpayers
Here's when you need to file what to meet Internal Revenue Service
requirements.

Use this calendar to make sure you file your tax returns and any extensions
on time. For more information, check IRS Publication 509.


December 31, 2007
Deduction deadline. The last date to make payments that can be deducted
from your 2007 return.

Keogh plan deadline. The last date to establish a Keogh plan so you can
deduct a Keogh plan contribution on your 2007 return.


January 15, 2008
Fourth quarter estimated tax payment. Your fourth-quarter estimated tax
payment (using form 1040-ES) for 2007 is due. You may delay making this
payment until Jan. 31 if you file your 2007 return (Form 1040) and pay any
tax due by January 31, 2008.

Farmers and fishermen. Make estimated 2007 payments in full with using
Form 1040-ES. If you do not pay your estimated tax by Jan. 15, you must
file your 2007 return and pay any tax due by March 3, 2008, to avoid an
estimated tax penalty


January 31, 2008
W-2, 1098 and 1099 forms. These forms should have arrived. Issuers are
required to send them out by Jan. 31. If you don't get them, contact the
issuer.

Tax information you send to others. If you are required to issue Form W-2
or Form 1099 to anyone such as an employee, a household employee or an
independent contractor, mail the forms by this date.

Tax return due. If you missed your fourth quarter estimated tax deadline on
January 15, you can still avoid a penalty if you file your tax return by this
date and pay any tax due.


February 15, 2008
File new W-4 forms. If you were exempt from income tax withholding for
2007, you must file a new Form W-4 by today to continue your exemption
for 2008.


March 3, 2008
Farmers and fishermen. If you did not make estimated tax payments for
2007, you can avoid penalties by filing your tax return and paying any tax
due.


March 17, 2008
Corporations. File a 2007 calendar year income tax return (Form 1120 or
1120-A) and pay any tax due. You can apply for an automatic 6-month
extension with Form 7004. If you file for extension, you must also make an
estimated tax payment.

S corporations. File a 2007 calendar year tax return (Form 1120S) and pay
any tax due. Send each shareholder a copy of Schedule K-1 (Form 1120S)
or a substitute Schedule K-1. You can apply for an automatic 6-month
extension with Form 7004, but you must pay any tax due.

S corporation election. File Form 2553 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.

Electing large partnerships. Provide each partner with a copy of Schedule
K-1 (Form 1065-B). This due date is effective for the first March 15
following the close of the partnership's tax year and applies even if the
partnership seeks an extension of time.


April 15, 2008
Tax return due. Your 2007 income tax return is due, unless you file for an
extension until Oct. 15, 2008.

File for extension. If you want an automatic extension of time to file your
2007 tax return, file Form 4868. Filing the form gives you until Oct. 15,
2008 to file your return. To avoid a penalty, however, be sure to pay any
tax that was due on April 15.

Individual Retirement Accounts or Roth IRAs. This is the deadline for
making contributions to IRAs or Roth IRAs for tax year 2007.

Estimated tax payment. Your first-quarter estimated tax payment for 2008
is due.

State tax returns. If you are required to file a state tax return, it is probably
due -- but check with your state to be certain. Many states automatically
extend the filing time for those who have filed for a federal extension.

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 by April 15, 2008.

May 15, 2008
Filing deadline for 990 & 990T filers. Generally due 5 months and 15 days
after year end. Use form 8868 to request a three month extension for form
990 and six month extension for form 990T. See instructions for form
8868 for more information.


June 16, 2008
Filing deadline. If you're a United States citizen or resident alien living and
working (or on military duty) outside the U.S. and Puerto Rico, file Form
1040 and pay any tax, interest and penalties due. You can file for an
extension until Oct. 15, 2008.

Estimated taxes due. Your second-quarter estimated tax payment (using
form 1040-ES) for 2008 is due.

June 30, 2008
Filing deadline for State of NJ Charity forms. Generally due six months
after year ends. See state website for more information.


September 17, 2008
Estimated tax due. Your third-quarter estimated tax payment (using form
1040-ES) for 2008 is due.


October 15, 2008
Income tax return due. Your 2007 income tax return is due if you filed an
extension request using Form 4868.


December 31, 2008
Deduction deadline. The last date to make payments that can be deducted
from your 2008 return.

Keogh plan deadline. The last date to establish a Keogh plan so you can
deduct a Keogh plan contribution on your 2008 return.

Updated May 24, 2008