2012 Deadlines & Due Dates for Filing 2011 Income Tax Returns
Your 2011 Federal and state tax returns are due on April 17, 2012. The traditional due date for income tax filings is April 15th each year, but since April 15th falls on a Sunday this year - and with a Federal holiday on April 16th - the tax filing deadline is 4/17/12.
If you cannot file your 2011 federal income tax return and/or your 2011 state income tax return on or before April 17th, 2012, you must request an income tax filing extension by that date.
File an Annual Information Return or Risk Losing Tax Exempt Status
It seems logical: Your charitable organization doesn’t have to pay taxes, so there is no reason to file a tax return. Unfortunately, many tax exempt organizations fall into this line of reasoning – and it’s one that could cost you. Even if your organization doesn’t pay taxes, you still need to file a return. These returns are usually made public, and many people use them as they decide which charities to donate to.
The IRS expects 501(c)(3) organizations to file information returns that offers information on the money that came into the organization, and where the money was used.
Emmanuel Lewis Fails to Pay Taxes, Loses Home
Former child actor Emmanuel Lewis has lost his home to foreclosure as a result of his failure to pay taxes.
According to documents obtained by TMZ, Lewis neglected to pay a total of $44,081.41 in state, county and school taxes between 2007 to 2010.
The 40-year-old, 4'3" tall television star's Fayette County, GA home was foreclosed on and then sold for only $56,000 at an auction back in September.
Taxes on Unemployment Benefits: Answers to Common Questions
When you’ve been laid off and are collecting unemployment, money is already pretty tight. The last thing you need is a surprise next year when you do your taxes!
October 15th Tax Filing Deadline for Extension Filers Approaches
October 15th 2010 is quickly approaching. This is an important date for the millions of taxpayers that filed for a 2009 tax filing extension. This deadline is important to not miss because after this date taxpayers can face some serious tax penalties and interest for unfiled or unpaid taxes.
IRS Interest Rates Unchanged for Fourth Quarter
Last week, the IRS stated that interest rates for the fourth quarter will remain unchanged. Interest rates are decided on a quarterly basis and they vary depending upon whether there is an underpayment or overpayment of taxes and whether it is a corporation or not. Interest compounds daily and rates are built off of the Federal short-term interest rate.
For the period of October 1st to December 31st, 2010, interest rates are as follows: