The Tax Preparation Blog

Archive for the ‘Tax Return Deadline’ Category

Question: Extending an IRS extension…..?

On personal federal income taxes, if you file for an extension to the April 15 deadline and it is extended to October 15 – can you get a second extension? If anyone knows, please tell me what form to use or what procedure to follow. I am trying to help a friend. THANKS!

Answer: http://turbotax.intuit.com/tax-tools/filing_after_april_15_turbotax/article

http://www.efile.com/services/irs-extension.asp

The New Real Estate Boom Is in Short Sales

Real estate agents who have embraced the often-slow transactions are suddenly awash in business. by Michele Ellson When Jose Diaz started handling short sales in 2007, just two of the thirteen sales he tried to close went through. The following year, the Hayward-based real estate broker closed 25 short sales. But getting lender approval on those took seven to eight months. “I had to go through …

File Tax Extension Online Efile IRS Tax Extension Tax File Extension

Question: If you walk into a room of 100 people, are you aware that 47 of them will pay NO federal income taxes?

“Rob thy Neighbor” – new democrat mantra?

WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1

Answer: This is why I like you Idea of the National Sales Tax. At least the Food stampers and the
Social program blood suckers will kick in a little bit. Not much mind you, How much can
you get on pack of oreos and bottle of Pepsi. But at least its better than what they are doing
now.

New Jersey Millionaire Tax Passage Likely; Christie Veto Looms

New Jersey Democratic lawmakers are likely to approve an income-tax increase today for residents earning at least $1 million annually to help close a record budget gap in the second-wealthiest U.S. state. Governor Chris Christie has said he’ll veto the measure.

NBR | Tax Tip #9 Tax Year 2009 – Deadlines and Withholdings | PBS

Need more time for taxes?

You could file an application for extension to delay the deadline. NEW YORK — Do you need more time? Whether you’ve procrastinated or you have a complicated tax return that’s taking longer to prepare than expected, you still have a deadline to meet on Thursday.

Senate Session 2010-04-15 (09:58:39-11:03:16)

Calendar

Submissions for “Community Calendar” are required two weeks preceding the date of publication. Send to: Mary Ann Bottari, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026; mbottari@pioneerlocal.com. Information may be faxed to (847) 486-7495.

Question: If I received a tenant’s January 2009 monthly payment on 12/31/2008. Is that income for 2008 or 2009?

Does rent payment received for tax reasons go by the month that it is due (January 2009) or the date that the rent was received (12/31/08)? The contract is for rents to be due on the 1st of the month.

Answer: It depends on your accounting method. If you use cash accounting and you deposit the check 12/31, it’s 2008. If you use cash accounting and deposit it 1/1, it’s 2009. If you use accrual accounting, it’s 2008.

easyhome Ltd. Reports 2009 Fourth Quarter and Annual Results

MISSISSAUGA, ONTARIO–(Marketwire – March 9, 2010) – easyhome Ltd. (TSX:EH), Canada’s largest merchandise leasing company, today announced its unaudited results for the fourth quarter and full year ended December 31, 2009. F

Obama Budget – An “Unsustainable Course” – Deficit Spending, Taxing, Borrowing, Bankruptcy