Go to 2006 Corporate Tax Calendar

Year 2006 Individual Tax Calendar

January 2

Beginning of 2006 tax season.

January 18

• Fourth payment of your 2005 estimated tax. Use Form 1040-ES.

February 2

• W-2s are due from employers. In addition, Forms 1099 are due from payers of interest, dividends and other specified types of income.

April 17

• 2005 Tax Returns Due (Note that April 15 falls on a Saturday this year, therefore the tax deadline is moved on Monday, April 17).
• Get a six-month extension to file your tax return. Use Form 4868 (Application for Automatic Extension of Time). This form must be postmarked on or before today. With the extension, the new deadline for filing your return will be October 17, 2006. *
• First payment of your 2006 estimated tax. Use Form 1040-ES.

June 15

• Second payment of your 2006 estimated tax. Use Form 1040-ES.

September 15

• Third payment of your 2006 estimated tax. Use Form 1040-ES.

October 2

• Deadline for establishing a SIMPLE IRA.

October 17

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

IMPORTANT NOTE - An extension to File is NOT an extension to Pay.

It is important that you understand that an extension to file taxes is not an extension to pay taxes. The IRS will give you a break on the filing date, but not on any money you owe. If you anticipate that you will owe taxes, you need to send in the appropriate payment by the filing due date. Failure to do so could result in interest charges when you eventually file your returns.

* Note that for 2005 tax returns, an automatic six-month filing extension is available to all taxpayers. There is no need to obtain a shorter automatic extension, which had been three months for partnerships and LLC's and four months for individuals, and then ask for more time.