This tax Calendar has the due dates for 2007 that most taxpayers will need. Employers and persons who pay excise taxes should use the Employer's Tax Calendar and the Excise Tax Calendar.
Fiscal-Year taxpayers: If you file income tax return for a fiscal year rather than the calendar year, you must change some of the dates in this calendar. These changes are described under the Fiscal-Year Taxpayers at the end of this calendar.
The fourth quarter of this calendar year is made of October, November, and December.
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.
Individuals: If you have an automatic 6-month extension to file your income tax return for 2007, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due.
Partnerships: File a 2008 calendar year return (Form 1065). This due date applies only if you were given an additional 6-month extension. Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1.
Electing large partnerships: File a 2007 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension. See March 17 for the due date for furnishing Schedules K1 or substitute Schedules K-1 to the partners.
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.
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.
Corporations: Deposit the fourth installment of estimated income tax for 2008. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
Fiscal-Year Taxpayers: If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in this calendar. Use the following general guidelines to make these changes.
Tax Tip
For Individuals:
MAXIMIZE EXEMPTIONS
If you support an elderly parent or other relative, you can claim an exemption for that family member if you provide more than 50% of his or her support, and that person’s gross income for the year (not including tax-free Social Security benefits, insurance proceeds, inheritances, or gifts) doesn’t exceed the personal exemption amount. Monitor the support you are providing near the end of the year if you believe you’ll be eligible for an exemption.
For Businesses:
GO GREEN AND SAVE
Make your commercial building more energy efficient. In 2007, businesses can make a special election to expense the costs of making such improvements to commercial buildings.The deduction is limited to $1.80 per square foot. Several requirements apply.
News & Updates
Business Changes in HIRE Act
Mar-25-2010 | RIA (submitted by Marina Diner)
Summary of recent developments affecting taxpayers' tax situation
Jan-20-2010 | RIA (submitted by Marina Diner)
Alla Johnson becomes a Florida CPA
Dec-29-2009 | Marina Diner
Emily Abernathy passes FAR
Dec-23-2009 | Marina Diner
Tax Changes for Businesses in the "Worker, Homeownership & Business Assistance Act of 2009"
Nov-19-2009 | RIA (submitted by Marina Diner)
Newly Extended and Liberalized Homebuyer Tax Credit
Nov-13-2009 | RIA (submitted by Marina Diner)
Year-end tax planning for 2009
Nov-02-2009 | RIA (submitted by Marina Diner)
Amanda Ross becomes a Florida CPA
Aug-27-2009 | Marina Diner
NOL Carryback for small businesses
Mar-18-2009 | RIA (submitted by Marina Diner)
Michael Audet passes AUD
Mar-02-2009 | Marina Diner