Year 2005

December 31

Deadline for establishing many self-employed retirement plans.

Last day to contribute to a charity.


Year 2006

January 1

Start of tax season.

January 17

Individuals - Make the fourth payment of your 2005 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 this payment if you file your 2005 return and pay any tax due by January 31, 2006.

January 31

W-2s are due from your employer. Forms 1099 are due from payers of interest, dividends and other specified types of income.

You should file your 2005 income tax return if you did not pay your last installment of estimated tax by January 17, 2006. 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 were exempt from income tax withholding for 2005, you must file a new Form W-4 by today to continue your exemption for 2006.

April 1

Tax filing deadline in two weeks. 

April 17

Tax Returns Due

Get an automatic six-month extension to file your return, use Form 4868 (Application for Automatic Extension of Time To File). This form must be postmarked on or before today. With the extension, your new deadline for filing your return will be October 16, 2006.

Last day to set up an IRA or make 2005 IRA contributions even if you get an extension.

Individuals - Make the first payment of your 2006 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.

June 15

Individuals - If you are a U.S. citizen or resident alien living and working (or on military duty) outside the United States 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 an additional four months to file. Then file Form 1040 by October 16. However, if you are a participant in a combat zone you may be able to further extend the filing deadline.

Individuals - Make the 2nd payment of your 2006 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Form 1040-ES.

October 16

If you filed for an extension, file your return by today and pay any tax, interest, and penalties due.

September 15

Individuals - Make the third payment of your 2006 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.



 

 

 

 

 

 

 

 

 

 

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