Friday, April 16, 2010

APRIL 15 - TODAY IS THE DEADLINE FOR INCOME TAXES

DEADLINE TODAY! -- Income tax day - April 15


This is the deadline for filing 2009 individual and partnership tax returns (and providing partners and LLC members with Schedule K-1s). It's also the deadline for paying the first installment of estimated taxes for 2010.

If you can't file today, request an automatic six-month filing extension for your personal return on Form 4868.. A five-month extension can also be requested for a partnership return that's due today; use Form 7004.

A filing extension is not a red flag to the IRS that will invite an audit.

However, if you owe taxes on your 2009 return, an extension won't give you more time to pay these taxes; when you request the filing extension pay as much as you estimate that you'll owe to minimize any interest and penalties.


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Lynn M. Miller, LMA, LLC
Business Development & Consultation
*The Professional with a Flair!*
Phone: 718.506.2329
Fax: 718.228.7331
lynnmiller@lmallc.com
www.lmallc.com

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