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1040 Tax Calendar C 2008


January
January 1
        - New Years Day. 1040 office will be closed from 12/30/07 to 01/03/08.
January 15
        - Make a payment for the 4th quarter estimated tax for 2007 if you will owe any tax and
          did not pay 2007 income tax through withholding.
January 31
        - W-2 forms, or other compensation statements are due from your employer. Forms
          1099 are due from payers of interest, dividends and other specified types of income.
In late January 1040 Shanghai contact will open

February
February 6-12
        - Chinese New Year, 1040 office will be closed from 02/06/08 to 02/12/08???
February 13-23
        - Initial email from 1040 office regarding authorization and tax info required for 2007
          income tax return preparation.

March
March 3-21
        - Following up emails from 1040 office regarding tax return preparation.
        - Schedule data gathering meetings with clients in Beijing.
        - Clients in Shanghai are welcome to meet with us during working hours
         (Monday C Friday 9:00 am C 5:30 pm).
March 31
        - Tax information due for clients who need 2007 tax estimate calculation to make tax
          payment with extension by April 15th, or those need to file 2007 tax return by April
          15th.

April
April 15
        - Regular due date to file your 2007 income tax return. File the tax return and pay any
          tax due to minimize interest and penalties (extensions applied and see next).
        - 2-month automatic extension is granted to taxpayer living outside of the U.S. or
          Puerto Rico. Or get a 6-month extension by filing Form 4868 by phone or over the
          internet, alternatively, 1040 office will file the extension on your behalf if you have
          authorized us to do so.
        - Make the 1st quarter payment of your 2008 estimated tax using Form 1040-ES
          Payment Voucher, if you will owe tax and did not pay 2008 income tax through
          withholding. Please contact 1040 office for more information.
        - You may contribute to an IRA (Individual Retirement Account) up to less of $4,000
          ($5,000 if you are age 50 and over) or your taxable earned income in 2007.
          Deductions are subject to certain limitations. Please contact 1040 for more
          information.

June
June 15
        - Tax return is due for US taxpayers living and working outside the US and Puerto Rico.
        - If you need additional time to file and no extensions have been filed, please file Form
          4868 with the IRS to extend filing due date until Oct 15th. 1040 office will file the
          extension on your behalf if you have authorized us to do so.
        - Make the 2nd quarter payment of your 2008 estimated tax using Form 1040-ES
          Payment Voucher, if you will owe any tax and did not pay income tax through
          withholding for year 2008.

September
September 15
        - Make the 3rd quarter payment of your 2008 estimated tax using Form 1040-ES
          Payment Voucher, if you will owe tax and did not pay 2008 income tax through
          withholding.

October
October 1-7
        - National Day holidays. 1040 office will closed from 10/01/08-10/07/08
October 15
        - Due date of fling 2007 tax return if extension Form 4868 has been filed.

 
   
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RELATED LINKS
IRS
State Administration of Taxation
Beijing Local Taxation Bureau
Shanghai Taxation Bureau