March 2008 Small Business Tax Calendar - Dates and Actions

Mar 03: Farmers and Fishermen: File your 2007 income tax return (Form 1040) and pay any tax due.

Mar 05: Deposit Payroll tax for payments on Feb 27-29  if the semiweekly deposit rule applies.

Mar 07: Deposit Payroll tax for payments on Mar 1-4  if the semiweekly deposit rule applies.

Mar 10: Employers: Employees are required to report to you tips of $20 or more earned during February.

Mar 12: Deposit Payroll tax for payments on Mar 5-7 if the semiweekly deposit rule applies.

Mar 14: Deposit Payroll tax for payments on Mar 8-11  if the semiweekly deposit rule applies.

Mar 17:  
1) Deposit payroll tax for February if the monthly deposit rule applies.
2) Corporations: File a 2007 calendar year income tax return (Form 1120 or 1120-A).
3) S Corporations: File a 2007 calendar year income tax return (Form 1120-S). Provide shareholders with a copy of Sch. K-1.
4) S Corporation elections: File Form 2553 to choose to be treated as an S corporation beginning the calendar year 2008.
5) Electing Large Partnerships: Provide each partner with a copy of Sch K-1.

Mar 19: Deposit Payroll tax for payments on Mar 12-14  if the semiweekly deposit rule applies.

Mar 21: Deposit Payroll tax for payments on Mar 15-18  if the semiweekly deposit rule applies.

Mar 26: Deposit Payroll tax for payments on  Mar 19-21 if the semiweekly deposit rule applies.

Mar 28: Deposit Payroll tax for payments on Mar 22-25  if the semiweekly deposit rule applies.

Mar 31:
1) Electronic filing of Forms W-2, W-2G, 1098, 1099, and 8027.
2) File Form 730 and pay the tax on wagers accepted during February.
3) File Form 2290 and the tax for vehicles first used in February.

 

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