Important Dates - Third Quarter 2008

July 10th

August 11th

September 10th

Employees – if you work for tips and received $20 or more in tips during the prior month, report them to your employer on the above dates. Form 4070 may be used.

September 15th

Individuals – your third 2008 estimated tax payment is due if you are not paying your income tax for the year through withholding or if you will not pay enough tax through withholding. Form 1040-ES may be used.

Corporations – if you requested an automatic 6 month extension on or before the March 17th due date, file a 2007 calendar year income tax return using Form 1120 or 1120-A and pay any tax due, including interest and penalties.

Corporations will also deposit the third installment of estimated income tax for 2008. Form 1120-W may be used to help estimate the tax.

S Corporations - if you requested an automatic 6 month extension on or before the March 17th due date, file a 2007 calendar year income tax return using Form 1120S.  Be sure to provide each shareholder with their Schedule K-1.