Posts Tagged ‘income tax extension’


5 Lessons Learned From Tax Season

Another Tax Season has come and gone.  Here are the 5 Lessons Learned from this Tax Season. 

1) Don’t Pass Tax Legislation on December 31

Congress passed the American Taxpayer Relief Act on December 31, 2012It’s clear that no one voting on it read it, much less understood it. The timing of this legislation was not good.  Due to the late passage of this bill the IRS was delayed with … Continue reading »


4 Easy Steps to File Your Income Tax Extension

Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension.

 

 

1) Prepare a Tax Projection


4 Easy Ways for Taxpayers to Take the Hippocratic Oath

All Physicians must take the Hippocratic Oath.  This is an oath where they swear to practice ethically. Although there is some debate about the translation, the main theme is, ‘First, Do No Harm.’

All taxpayers need to take the Hippocratic Oath so they do no harm with their tax plan.


How (and When) to File an Income Tax Extension

Due Date

The federal income tax returns are normally due on April 15th. This year, the 15th falls on a Sunday, so the due date should be Monday the 15th. However, Monday the 16th is Emancipation Day so the due date is Tuesday 17th. Some people aren’t prepared to file. Others may be waiting for Form K-1’s from their investments. Either way, if the return is not filed on time, an extension will need to be filed.

Federal Extension

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7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

1) Don’t panic. The returns are due on April 17th this year. This is due to April 15th falling on the weekend and April 16th being a holiday in Washington DC. If you can’t get your return completed and filed on time, file an extension. The federal form is 4868 and the Connecticut form is CT-1040-EXT. This will allow you until October 15th to file. The extension however only extends the time to file, it does not extend the … Continue reading »