Employers. Prepare copies of W-2s for 2006, and give to employees by Jan. 31. If an employee agreed to receive his or her W-2 electronically, post it and notify the worker by Jan. 31.
Monday, Jan. 1
Employers. Stop advance payments of earned income credit for any employee who did not give you a new Form W-5 for 2007.
Tuesday, Jan. 16
Personal. Pay fourth-quarter and final estimated-tax payment for year 2006 with Form 1040-ES. You don’t have to make this payment if you file your 2006 return (Form 1040) and pay any tax due by Jan. 31, 2007.
Employers. December 2006 monthly deposit is due if you’re not on a semiweekly deposit schedule.
Wednesday, Jan. 31
Personal. File your 2006 income tax return (Form 1040) if you did not make a fourth-quarter estimated payment by Jan. 16.
Businesses. Give Form 1099 information statements to recipients of certain payments you made for services during 2006. This can include independe...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Small Business Tax Deduction Strategies
- Obama's 2013 budget boosts funding for enforcement
- Gifts to charity: year-end tax strategy
- Can you be fired for the way you look?
- Contractor or employee? New IRS audits turn up heat on worker misclassification