Tax Calendar
2010
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Jan. 1
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Jan. 15
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Make the
fourth payment of your 2009 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 1040-ES. You won't need to make the
fourth payment if you file your 2009 tax return
and pay any tax due by Feb. 1.
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Feb. 1
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W-2s are
due from your employer. Forms 1099 are due from
payers of interest, dividends and other
specified types of income.
If you
didn’t pay your last installment of 2009
estimated tax by Jan. 15, you may choose (but
are not required) to file your income tax return
(Form 1040) by Feb. 1. Filing your return and
paying any tax due by Feb. 1 prevents any
penalty for late payment of the last
installment. If you can’t file and pay your
tax by Feb. 1, file and pay your tax by April
15.
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Feb. 15
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If you
were exempt from income tax withholding for
2009, you must file a new Form W-4 to continue
your exemption for the next tax year.
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April 15
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Last day
to set up an IRA or make IRA contributions for
the 2009 tax year even if you get an extension.
Make the
first payment of the current year's estimated
tax if you aren’t paying your income tax for
the year through withholding (or will not pay in
enough tax that way). Use
Form 1040-ES.
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June 15
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If
you’re a U.S. citizen or resident alien living
and working (or on military duty) outside the
U.S. and Puerto Rico, file Form
1040 and pay any tax, interest, and
penalties due.
If you
want additional time to file your return, file Form
4868 to obtain 4 additional months to file.
If you’re a member of the armed forces serving
in a combat zone you may be able to further
extend the filing deadline.
Make the
second payment of the current year's estimated
tax if you aren’t paying your income tax for
the year through withholding (or will not pay in
enough tax that way). Use
Form 1040-ES.
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Sept. 15
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Make the
third payment of the current year's estimated
tax if you aren’t paying your income tax for
the year through withholding (or will not pay in
enough tax that way). Use
Form 1040-ES.
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Oct. 1
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Deadline
for establishing a Simple IRA.
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Oct. 15
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If you
filed Form
4868 extending the due date of your return,
file your tax return by Oct. 15 and pay any tax,
interest or penalties due.
Last day
for recharacterizing an IRA contribution for the
year if you filed your return on time.
Last day
for making many elections that ordinarily were
required to be made by the due date of your 2009
return if you filed it on time.
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Tip Earners
By the 10th day of each month, tip earners who
received $20 or more in cash tips (including check
and credit cards) during the previous month should
report the amount to their employers using Form
4070 contained in Publication 1244. If the
10th falls on a weekend or holiday, the due date
is the next business day that is not a weekend or
a holiday.
Farmers & Fishers
If at least 2/3 of your total gross income comes
from farming or fishing, you should make an
estimated tax payment using Form
1040-ES on or before Jan. 15. You then have
until April 15 to file your income tax return. If
you farm or fish with at least 2/3 of your total
gross income coming from these activities and
choose to make no estimated tax payments, you'll
need to file your return and pay your taxes on or
before March 1 to avoid a penalty for underpayment
of estimated tax.
If you miss the March 1 filing deadline due to
severe weather or resulting power outages, you may
request a waiver of any estimated tax penalties.
You don't have to be in any particular state or
federally declared disaster area to receive the
tax relief. To request the waiver, complete Form
2210-F - Underpayment of Estimated Tax by Farmers
and Fishermen and file it with your tax return.
Others Paying Estimated Taxes
Estimated tax payments (Form
1040-ES) are generally due April 15, June 15
and Sept. 15 of the tax year, and Jan. 15 after
the tax year ends. If the 15th falls on a weekend
or holiday, the due date is the next business day.
See Publication
505 - Tax Withholding and Estimated Tax for
more information.
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