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401K, flickr
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Tax Tip: Extensions and Payment Options

With the income tax season winding down, the IRS wants to remind taxpayers how to request some extra time to file their return and the options they have to pay their tax bill.

If you need more time to file your return, you can get an automatic six-month extension of time to file from the IRS. You must file for an extension by the April 17 deadline. An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the deadline, plus you may owe penalties. To get an extension:

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Category: Economy, Shreveport News Tags: ,
Tax Time!
gocollege.com
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Countdown To April 18th, Tax Day

Remember when your mother scolded you for running up the stairs two steps at a time? “Slow down,” she would say. “You’re going to trip and hurt yourself.” Taking it step by step will get you there almost as quickly with much less chance of a painful fall.

As usual, mom was right.  And her wise words are just as applicable to your tax filing tasks.

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irs.gov
irs.gov
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Want The IRS To Audit Your Tax Return? Here’s How to Make Sure That Happens!

Taxes are due one week from today, on Monday, April 18th.  Before you file, here are seven things you shouldn’t even THINK about deducting. 

#1)  Your Landline Telephone.  Even if you only use it for work, the IRS says the first hard-wired phone in your home is always considered a personal expense.  But you CAN deduct long distance calls as long as they’re business-related. 

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irs.gov
irs.gov
[

IRS e-Filing Down Slightly In Louisiana

Here are Louisiana’s statistics through March 25, 2011 with comparison to the same period last year.   

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