Tax Filing For 2009
Question: Where can I find the e-File form for an extension to 2009 tax filing?
I heard it can be done electronically. I need to put in an extension for both the Federal Government and The Commonwealth of Massachusetts.
Please help! It was due on May 11th!
That does not answer my question.I wanted to file an extension. It has nothing to do with the concession already made. I called the IRS and they said I could do it. I would only have to pay the 1/2 percent interest for a short period of time and avoid the “failure to file” penalties.
So if anyone knows the URL to do this, that is what I’m looking for. Thanks.
Answer: Sorry, but since today’s date is May 17th you have missed the extended deadline to either file or ask for an extension. You had to file Form 4868 BY MAIL and it had to be postmarked by May 11, 2010 to be valid. Once the deadline passes there is NO WAY to file for an extension, either electronically or by mail.
While it is possible to e-file an extension application, that had to be done by April 15th. For those in the Northeast disaster area, extension applications filed after April 15th had to be filed BY MAIL and had to be postmarked by May 11th. There are no exceptions to this and since the final deadline has passed it is not possible to request an extension.
You can ask the IRS to abate the late filing penalties and late payment penalties (but never the interest) if you have a convincing reason for filing late. The IRS has been fairly liberal lately in granting waivers of penalties especially if you have not been penalized in the past few years, so it won’t hurt to ask.
Ohio House Of Representatives Passes Estate Tax Repeal
On May 5, 2011, the Ohio House of Representatives passed a $55.6 billion two-year budget plan that would permanently repeal the estate tax for deaths occurring on or after July 1, 2013. The vote for House Bill 153 was along party lines: 59-40, with Democrats opposing the measure. The bill is now being considered by the Senate. Like the Ohio House of Representatives, the Senate is controlled by …
The Income Tax Return filing for year 2009
Irs Taxable Income Rates
Question: HELP! Hubert is single and lives in San Francisco. He earned $50,000 in 2004. The table below shows the IRS…?
tax rates for a single taxpayer in 2004.
On Table Income………….. The Tax Rate Is……….
Up to $7,150 10%
From $7,150 to $29,050 15%
From $29,050 to $70,350 25%
From $70,350 to $146,750 28%
From $146,750 to $319,100 33%
Over $319,100 35%In 2004, a single person with $50,000 in Taxable Income faced a marginal tax rate of _____________
A single person with taxable income of $50,000 owed _____________in taxes in 2004.
The average tax rate for a single person with $50,000 in taxable income is ________
Answer: The marginal tax rate is the rate on the “last dollar”.
In Hubert’s case, it’s on the part above 29050 = 25%.His total tax bill =
7150 * 10% = 715 +
(29050-7150) * 15% = 3285 +
(50000 – 29050) * 25 % = 5237.50
= 9237.50which is 9237.50 / 50000 = 18.475%
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Minimum Taxable Income Federal
Question: Federal Income Tax Accounting?
In 2006, Nelville Flynn, a calendar year taxpayer, has $200,000 of income and $350,000 of deductions in computing Taxable Income, $100,000 of which are preference item deductions for alternative minimum tax (AMT) purposes. What is Flynn’s AMT net operationg loss (NOL) for 2006??
Answer: the $100,000 of preference item deductions would not be deductible for AMT purposes.
i would think that the AMT NOL would be $200,000 – $250,000 ($350,000 – $100,000) = ($50,000)
Heritage Oaks Bancorp Reports Fourth Quarter 2010 Net Income of $517 Thousand
PASO ROBLES, Calif. — Heritage Oaks Bancorp , , the parent company of Heritage Oaks Bank , today reported net income of $517 thousand for the fourth quarter of 2010, $11.4 million improved over third quarter’s net loss of $10.9 million.
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Tax Refund Calculator 2010
Question: 2010 H&R block state taxes?
Im really confused about this years tax refunds, I lost my packet from last year so I dont have anything to use for reference, I file “head of household” self employed and claim an income of 14,570. I used the calculator on h&rblock.com and it said my refund would be $4951, i was looking at the details and there was a zero in the spot for state taxes, are florida state taxes taken out of your refund and if so would that effect the amount i would receive back?
2 dependentsAnswer: Florida doesn’t have a personal income tax.
I hope this helps.
Gary
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