Yearly Tax Calendar
Tax and financial planning is an
activity that is best pursued year-round. You can use the following list of
activities and dates to remind you to carry out your planning on a regular
basis.
Although the timing of some activities
is critical, it is important to review all tax considerations from the
perspective of your specific needs and establish an individualized planning
calendar.
First Quarter
-
Complete Form W-4 and adjust
withholding if needed.
- Pay fourth-quarter estimated tax voucher for the
preceding tax year by January 15.
- Evaluate before-tax contributions to retirement
plans.
- Evaluate voluntary after-tax contributions to
retirement plans.
- Apply for a Social Security number for any child
who does not have one.
- Make quarterly defined benefit Keogh
contribution for preceding year by January 15.
Second Quarter
- Comply with minimum distribution rules for
qualified plans by April 1 if you attained age 701/2 in previous year.
- File individual tax return (or an application
for an extension of time to file) by April 15.
- Pay first-quarter estimated tax, using the
correct voucher, by April 15.
- Make previous-year IRA contribution by April
15.
- Make previous-year Keogh plan contribution by
April 15 (unless you applied for an extension of time to file your tax
return).
- Make quarterly defined benefit Keogh
contribution for the current year by April 15.
- Pay second-quarter estimated tax voucher by June
15.
Third Quarter
- Make quarterly defined benefit Keogh
contribution for the current year by July 15.
- File Form 5500 Annual Report of Employee Benefit
Plan by July 31, if applicable.
- If you applied for an extension of time to file
your preceding year's tax return, file the return or an additional extension
request by August 15.
- Pay third-quarter estimated tax voucher by
September 15.
Fourth Quarter
- If you got an extension of time to file later
than August 15, you must file by October 15.
- Make your quarterly defined benefit Keogh
contribution for the current year by October 15.
- Begin your year-end
planning.