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TAX ACCOUNTING
TAX CALENDAR YEAR 2007
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January 1
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Start of tax season
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January 15
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Individuals Make the 4th 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. You wont need
to make this payment if you file your 2007 return and pay any tax
due by February 2, 2008. Use Form 1040ES.
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February 2
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W-2s are due from your
employer. Forms 1099 are due from payers of interest, dividends, or other
specified types of income.
You should file your 2007
Income Tax Return if you did not pay your last installment of estimated tax
by January 15, 2008. Filing your return and paying any tax due by February
2nd prevents any penalty for late payment of the last installment.
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February 16
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If you are exempt from income tax withholding
for 2007, you must file a new Form W-4 by today to continue your
exemption for 2008.
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April 1
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Tax filing deadline in 2 weeks! Call Rocky
Mountain Tax & Accounting today for an extension for filing!
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April 15
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TAX RETURNS ARE DUE! Last day to set
up an IRA or make 2007 IRA contributions even if you do get an extension.
Individuals Make the
1st payment of your 2008 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 1040ES.
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June 15
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Individuals If you are
a U.S. citizen or resident alien living and working (or on military duty)
outside the U.S. and Puerto Rico, fire Form 1040 and pay any tax, interest,
and/or penalties due.
If you need additional
time to file your return, call Rocky Mountain Tax!
Individuals Make the
2nd payment of your 2008 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 1040ES.
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August 15
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If you filed for an extension, file your return
by today and pay any tax, interest, or penalty due.
For an additional extension, call Rocky
Mountain Tax TODAY!
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September 15
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Individuals Make the
3rd payment of your 2008 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 1040ES.
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October 15
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Last day for extensions! Get them filed
today!
Last day to recharacterize an IRA
contribution for 2007 if you filed your 2007 return on time.
Last day for making any elections that
ordinarily were required to be made by the due date of the 2007 return if
you filed your 2007 return on time.
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December 31
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Deadline for establishing many self-employed
retirement plans.
Last day to contribute to a charity.
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