January 15, 2008

4th quarter estimated tax payments due for 2007 tax year.

January 31, 2008

Deadline for employers to mail out Form W-2 and for payers to furnish Form 1099 statements to payees.
Deadline for self-employed individuals to file and to pay their tax and avoid a penalty for not making 4th quarter estimated tax payment.

February 15, 2008

Deadline for employees who claim exemption from withholding to file a new Form W-4 with their employers.

February 28, 2008

Deadline for employers to file Form W-2 and Form 1099 statements with the Social Security Administration if filing on paper or magnetic media.

March 2, 2008

Deadline to file FAFSA (Free Application for Federal Student Aid) for initial award consideration.

March 17, 2008

Deadline for corporate tax returns (Forms 1120, 1120A, and 1120S), or to request automatic 6-month extension of time to file (Form 7004).
Final deadline to file an amended corporate tax return (Form 1120X) for tax year 2004 and still claim a tax refund.

March 31, 2008

Deadline for employers to file Form W-2 and Form 1099 Statements with the Social Security Administration if filing electronically.

April 15, 2008

Deadline to file individual tax returns (Form 1040, 1040A, or 1040EZ) or to request an Automatic Extension (Form 4868).
Last day to make contribution to traditional IRA, Roth IRA, or SEP-IRA for the 2007 tax year.
1st quarter estimated tax payments due for 2008 tax year.
Final deadline to file an original tax return (Form 1040) for tax year 2004 and still claim a tax refund. (I provide an easy, step-by-step approach to filing back taxes.)
Final deadline to file amended tax return (Form 1040X) for tax year 2004 and still claim a tax refund. (Be sure to mail the amended return well before April 16th to make sure your tax refund will be processed in a timely manner.)
Deadline to file estate or trust tax returns (Form 1041) or to request an automatic 6-month extension of time to file (Form 7004).
Deadline to file partnership tax returns (Form 1065) or to request an automatic 6-month extension of time to file (Form 7004).
Final deadline for estates, trusts, or partnerships to file an amended tax return and still claim a tax refund for the year 2004.

May 15, 2008

Deadline for non-profit organizations to file information returns (Form 990), or request an extension (Form 8868).

June 16, 2008

2nd quarter estimated tax payments due for 2008 tax year.
Deadline for US citizens living abroad to file individual tax returns or to request an additional 4-month extension (Form 4868). (Tip: request an automatic extension by April 15th, 2008, instead.) I provide useful information for claiming the Foreign Earned Income Exclusion and the Foreign Tax Credit, two tax breaks essential for Americans working abroad.

June 30, 2008

Deadline to file TD F 90-22.1 Report of Foreign Bank Accounts if you have over $10,000 held in foreign bank accounts.

September 15, 2008

3rd quarter estimated tax payments due for 2008 tax year.
Final deadline to file corporate tax returns (Forms 1120, 1120A, 1120S).

October 15, 2008

Final deadline to file individual tax returns (with extension). Final day for e-file.
Final deadline to file trust tax returns (Form 1041) if an extension was requested.
Final deadline to file partnership tax returns (Form 1065) if an extension was requested.
Final deadline to fund a SEP-IRA for tax year 2007 if you requested an automatic extension of time to file.

November 2008

Start planning any year-end tax moves.

December 31, 2008

Last day to make any 2008 tax year moves, including marriage or divorce: Your marital status on this day determines your status for tax return purposes.

IRS Warns of E-mail Survey Scam

Washington, D.C. (Aug. 30, 2007)

The Internal Revenue Service issued a warning about a new e-mail scam that has been hitting people’s inboxes, offering unwary recipients $80 to participate in an online customer satisfaction survey that falsely purports to come from the IRS.

The e-mail contains From and Subject lines that appear to originate from the IRS, as well as a copyright statement that also claims to be from the agency. The message includes a hyperlink that takes the unsuspecting recipient to an online survey that asks for the taxpayer’s name, phone number and credit card account.

The IRS warns that the scammers may try to use the information to run up charges on the victim’s credit card account. There is even the possibility that the scammers might call the victim and try to obtain further financial information so they can get access to a bank account.

The IRS said, however, that it never sends unsolicited e-mail messages, and it never requests taxpayers to divulge their PIN codes, credit card numbers or similar information.

We will have much more content very very soon, so stop back by!

– Matt