Go to 2006 Individual Tax Calendar

2006 Corporation/Partnership/LLC/Estate/Trust Calendar (Calendar Year Entities)

January 31

• Provide your employees with Form W-2. In addition provide recipients with their copy of Form 1099 if you have paid interest, dividends or reportable miscellaneous income.
• Report income tax withholding and FICA taxes for the last quarter of 2005. Use Form 941. File annual return of federal unemployment taxes. Use Form 940 or 940-EZ.

February 15

• File Form W-4 to claim exemption from withholding.

February 28

• File any required Forms 1099 for interest, dividends and miscellaneous payments described under January 31. In addition, file Forms W-2 (Copies A) and transmittal Form W-3 with the Social Security Administration.

March 15

• File calendar year corporate returns. Use Form 1120 or 1120-A for C-Corporations, 1120S or 1120S-A for S-Corporations.
• You can file for an automatic six-month extension. Use Form 7004.

April 17

• File income tax returns for calendar-year Trusts and Estates. Use Form 1041. You can request an automatic three-month extension for Trusts. Use Form 8736. For Estates extension submit Form 2758 in time for it to be processed by the filing date. The application should state the period of extension needed.
• File income tax returns for calendar-year Partnerships and LLC's. Use Form 1065. Provide each partner with a copy of Schedule K-1. You can request an automatic six-month extension to file the return and provide Schedule K-1. Use Form 8736. With the extension, the new deadline for filing your return will be October 17, 2006. *
• Deposit the first estimated tax payment for calendar year corporations.

May 1

• Payroll - Report income tax withholding and FICA taxes for the first quarter of 2006. Use Form 941.

May 15

• Due date for information returns of calendar year exempt organizations Use applicable Forms 990, 990-EZ, 990-PF and 990-T.

June 15

• Deposit the second estimated tax payment for calendar year corporations.

July 17

• If extension was obtained, file calendar year Trust returns. Use Form 1041. Trusts can file for a further 3-month extension. Use Form 8800.

July 31

• Payroll - Report income tax withholding and FICA taxes for the second quarter of 2006. Use Form 941.

September 15

• Deposit the third estimated tax payment for calendar year corporations.
• If extension was obtained, file Corporation Income Tax returns.

October 16

• If you obtained a second extension, file your calendar-year Trust return. Use form1041.
• If you obtained a six-month extension, file your calendar-year Partnership or LLC return. Use Form 1065. *

October 31

• Payroll - Report income tax withholding and FICA taxes for the third quarter of 2006. Use Form 941.

December 15

• Deposit the fourth estimated tax payment for calendar year corporations.

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.