2007 Tax Calendar

First Quarter 2007 (January - March)

January 16
Final installment of your 2006 estimated tax payments is due if you make these payments. 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. If you follow a fiscal year, see below.

January 31
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 the last installment.

February 15
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.

Second Quarter 2007 (April - June)

April 16

• 2006 income tax return is due along with any tax payments. Use Form 1040, 1040A, or 1040EZ.
• Extension. Last day to obtain an automatic six-month extension of the time to file the return. File Form 4868, Application for Automatic Extension of the Time to File U.S. Individual Income Tax Return. Then file Form 1040, 1040A, or 1040EZ by October 15.
• Estimated tax. If you're not paying your 2007 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 IRS Publication 505, Tax Withholding and Estimated Tax.
• IRAs. Last day to make a 2006 contribution to your Individual Retirement Account. Contributions may be tax-deductible, if you qualify. You should make your IRA contribution as early in the year as possible, though, to make maximum use of tax-deferred growth.
  
  

June 15

• Estimated tax. Second installment date for estimated tax in 2007.
• Expatriates and military personnel. Last day to file your income tax return if you are living or working (or on military duty) outside the United States or Puerto Rico.
• If you're out of the country. Last day to get an automatic four-month extension if you are out of the country. File Form 4868 and avoid a penalty by paying any tax you owe.

Third Quarter 2007 (July - September)

September 17
Third installment date for estimated tax in 2007.

Fourth Quarter 2007 (October - December)

October 15
If you had filed for an automatic six-month extension, your 2006 income tax return and any tax payment is due.

 

December 31
Last day for charitable contributions to be eligible on your 2007 tax return.

Fiscal year taxpayers

• Form 1040 is due on the 15th day of the fourth month after the end of your tax year.
• Estimated tax payments are due on the 15th day of the fourth, sixth, and ninth months of your tax year and on the 15th day of the first month after your tax year ends.

Employees who work for tips

On the 10th day of each month, employees who received $20 or more in tips during the previous month must report the amount to their employers. Use Form 4070, Employee's Report of Tips to Employer. If the 10th falls on a weekend or holiday, the due date is the next business day.

 

All information provided here is intended as a convenient source of tax information. This information is general in nature and may not apply to your specific situation. Before relying on this information, you should consult your own tax advisor regarding your tax needs. Samet makes no warranties and is not responsible for your use of this information or for any errors or inaccuracies resulting from your use.