Tax Calendar & Tax Tip

Tax Calendar

Date Event
January 1st
  • Start of Tax Season
January 15th
  • Make 4th payment of 2007 estimated taxes.
  • W-2s are due from your employers. Form 1099 are due from payers of interest, dividends and some other forms of income.
February 15th
  • If you were exempt from income tax withholding for 2007, you need to file form W-4 to continue receiving exception in 2008
April 15th
  • Tax returns are due.
  • For an automatic 6-month extension to file, submit Form 4868. This extension DOES NOT extend taxes due. If you expect to pay taxes for 2007, make an estimated payment. An under-estimated payment can result in interest and penalties.
  • Last day to setup or contribute to and IRA for year 2007 (no extensions).
  • First payment on 2008 estimates are due.
June 15th
  • Second payment on 2008 estimates are due.
Sept 15th
  • Third payment on 2008 estimates are due.
Oct 15th
  • If you filed for an automatic 6 month extension, your taxes are due.

 

Tax Tip

E-File For Quick Refunds
We highly recommend that you E-File with the IRS instead mailing in your returns. Electronically filed refunds are direct deposited by the IRS in 1 to 2 weeks. Refunds for mailed-in paperwork take 5 to 8 weeks. If you need your money even faster, use TaxBrain's QuickAccess feature to get your refund as quick as 24 hours for a small fee.