Fri 20 Feb 2009
-->Business Returns:
This is a reminder that corporate returns are due on March 16, 2008. To complete your business returns by the deadline we need to receive your documentation in our office by Monday February 23rd. If you are a returning client and we have not filed your returns by the filing deadline we will automatically file an extension on your behalf so that you will not incur late filing penalties. The extension will extend the filing deadline to September 15, 2008.
Individual Returns:
Your individual returns are due April 15th, 2008. To complete your individual returns by the deadline we need to receive your documentation in our office by Monday March 16th. If you are an owner of an S-corporation your business returns must be complete to file your individual returns. If you are a returning client and we have not filed your individual returns by the filing deadline we will automatically file an extension on your behalf so that you will not incur late filing penalties.
Penalties and Interest:
If you owe taxes and do not pay by the filing deadline (March 16th businesses/ April 15th Individuals) please be aware that you will incur late payment penalties and interest. An extension avoids late filing penalties but does not avoid late payment penalties or interest. Because the calculation of penalties and interest is complex and time consuming we are unable to provide complimentary estimates of your tax, penalties or interest (these calculations may be available at an hourly rate of $150/hour). For further information on the calculation of penalties and interest go to http://www.irs.gov/taxtopics/tc653.html or contact the IRS at 1-800-829-1040.
Business Clients:
Please review the following checklist to ensure that we have all the information we need to effectively prepare your business returns:
If you do not have formal bookkeeping (e.g. Quickbooks) also refer to:
2008 Business Expense Categories
Individual Clients
Please review the following checklist to ensure that we have all the information we need to effectively prepare your returns:
Thank you,
Affiliated Tax Pros, LLC

