Hi all,
I can only suggest what should be done between now and December 31th,
Try and get all of your invoices, bank statements, receipts, etc. in order to have everything ready for you tax preparer.
I would suggest not putting off the filing of your 2010 tax return until the last minute April 15th.
Or if you request an extension of time to Oct, 15, 2011
If you do and owe taxes you wii only save on the late filing fee of roughly 22-25%.
You are still required to pay penalty, and interest on the taxes owed from April 15 to the date you actually file, there are no pardons for that.
interest rate for last Quarter of 2010 is 4%
fist quarter of 2011 ending April 30, 2011 should be the same,
Each quarter will change as far a penalties and interest is concerned.
both are compounded Daily and charged Monthly
Frank
I can only suggest what should be done between now and December 31th,
Try and get all of your invoices, bank statements, receipts, etc. in order to have everything ready for you tax preparer.
I would suggest not putting off the filing of your 2010 tax return until the last minute April 15th.
Or if you request an extension of time to Oct, 15, 2011
If you do and owe taxes you wii only save on the late filing fee of roughly 22-25%.
You are still required to pay penalty, and interest on the taxes owed from April 15 to the date you actually file, there are no pardons for that.
interest rate for last Quarter of 2010 is 4%
fist quarter of 2011 ending April 30, 2011 should be the same,
Each quarter will change as far a penalties and interest is concerned.
both are compounded Daily and charged Monthly
Frank