Federal tax action calendar for January-June 2008.(Calendar)

JANUARY

Tuesday, January 1

Earned income credit. Stop advance payments of the earned income credit for any employee who has not given you a new Form W-5 for 2008.

Friday, January 4

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid on January 1.

Wednesday, January 9

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 2-4.

Thursday, January 10

Tipped employees. Employees who received $20 or more in tips during December should report their tips to their employer on Form 4070, Employee's Report of Tips to Employer.

Friday, January 11

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 5-8.

Tuesday, January 15

FICA, withheld income tax and nonpayroll withholding. Monthly depositors deposit taxes for December 2007.

Estimated income tax. Individuals should pay their final installment of estimated tax for 2007 (Form 1040-ES) unless they file their 2007 Form 1040 and pay any tax due by January 31.

Wednesday, January 16

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 9-11.

Friday, January 18

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 12-15.

Thursday, January 24

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 16-18.

Friday, January 25

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 19-22.

Wednesday, January 30

FICA and withheld income tax. Semiweekly depositors deposit the tax on wages paid January 23-25.

Thursday, January 31

Forms W-2. Give employees their copies of Form W-2 for 2007 by this date. (If you've made arrangements with an employee to provide Form W-2 electronically, post it on a Web site that is accessible to the employee and notify him or her of the posting by January 31.)

Forms 1099. Give the appropriate version of Form 1099 to recipients of certain payments during 2007 (e.g., royalties, prizes and awards, compensation to nonemployees, retirement plan distributions and dividend or interest payments).

Federal unemployment tax. File Form 940 for 2007. If your undeposited tax is $500 or less, you may deposit it now or pay it with your return. If it …