TAX CALENDER
This Tax Calendar shows the due dates for filing tax returns and reporting tax information. Generally, if the due date falls on a Saturday, Sunday or legal holiday, the due date is the next business day. However, we recommend using the standard dates listed below to be on the safe side.
While these due dates are generally applicable, certain tax circumstances and specific situations may result in modification of these dates.
Please select the month below:
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January
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| January 1 |
Employers - Stop advance payments of the earned income credit for any employee who did not give you a new Form W-5.
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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 |
Employers - Social Security, Medicare and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in December 2006.
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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.
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Employers - Nonpayroll Withholding If the monthly deposit rule applies, deposit the tax for payments in December 2006.
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| January 31 |
Employers - Federal unemployment tax. File Form 940 (or 940-EZ) for 2006. If your undeposited tax is $500 or less, you can either pay it with your return or deposit it. If it is more than $500, 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.
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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.
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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.
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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.
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| 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. | |
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All Businesses - Give annual information statements to recipients of 1099 payments made during 2006.
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| 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.
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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.
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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.
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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.
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| February 15 |
Employers - Social security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in January.
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Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in January.
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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.
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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.
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| 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.
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| 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. |
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