IRS issues tax calendars for 2007

Tax Calendars for 2007 (Publication 509), has been released by the IRS.

A tax calendar is a 12-month calendar divided into quarters. The calendar gives specific due dates for the following: Filing tax forms; Paying taxes; and Taking other actions required by federal tax law. Employers  are the primary users of this publication, however, the general tax calendar has important due dates for all businesses and individuals. Also, anyone who must pay excise taxes may need the excise tax calendar. To decide which calendar(s) to use, first look at the general tax calendar and highlight the dates that apply to you. If you are an employer, also use the Employer’s Tax Calendar. If you must pay excise taxes, use the Excise Tax Calendar. Depending on your situation, you may need to use more than one calendar. Saturday, Sunday, or legal holiday. Generally, if a due date for performing any act for tax purposes falls on a Saturday, Sunday, or legal holiday, it is delayed until the next day that is not a Saturday, Sunday, or legal holiday. These calendars make this adjustment for Saturdays, Sundays, and most legal holidays. But you must make any adjustments for statewide legal holidays. (An exception to this rule for certain excise taxes is noted under the Excise Tax Calendar.)

2007 Federal holidays.   Federal legal holidays for 2007 are listed below.

·         January 1— New Year’s Day

·         January 15— Birthday of Martin Luther King, Jr.

·         February 19— Washington’s Birthday

·         May 28— Memorial Day

·         July 4— Independence Day

·         September 3— Labor Day

·         October 8— Columbus Day

·         November 12— Veterans’ Day

·         November 22— Thanksgiving Day

·         December 25— Christmas Day

Fiscal-year taxpayers.   If you file your income tax return for a fiscal year rather than the calendar year, you must change some of the dates in this calendar. These changes are described under Fiscal-Year Taxpayers at the end of this calendar.

If you have a tax question contact the IRS at www.irs.gov or call 1-800-829-4933. If you would like to reduce your employment responsibilities and risks (including federal tax reporting and deposit requirements) please call StaffScapes, Inc. at 303-466-7864 and ask a representative how we can help.

IRS Publication 509

Tax Calendars for 2007