Ted Cruz's claim that the IRS tax code has extra phrases than the Bible
“On tax reform, we, right now, have extra words within the IRS code than there are in the Bible — now not a considered one of them as excellent.” –Sen. Ted Cruz (R-Texas), speech at world affiliation of fireplace fighters legislative convention, March 10, 2015. comparing …
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Las Vegas, NV (PRWEB) March 11, 2015
Most companies, excluding sole proprietorships and single-member LLCs, are supposed to file their annual tax return by Monday, March 16. fortuitously, representatives of TaxExtension.com announced nowadays that if businesses can’t file on time, they are able to get a trade extension with TaxExtension.com.
“For electronic filing, they need to e-file by way of middle of the night of their local time zone,” stated Elizabeth Rosen, head of content material and spokesperson for TaxExtension.com.
This year’s points in time are March sixteen for calendar yr corporations. that features C- and S- corporations. The closing date to file is April 15 for many sole proprietorships, single-member LLCs, and partnerships.
but, Rosen stressed that, “in the event you’re listening to the clock ticking in your head and don’t think that you could beat it, there are ways to get extra time.”
If a business fails to file its return on time and doesn’t request a tax extension, the penalties may also be hefty. according to the IRS website, “in the event you file late and owe federal taxes, two penalties may practice. the primary is a failure-to-file penalty for late submitting. The 2d is a failure-to-pay penalty for paying late. The failure-to-file penalty is in most cases 5% of the unpaid taxes for each and every month or a part of a month that a tax return is late. The failure-to-pay penalty is generally 0.5 % per 30 days of unpaid taxes.”
“A tax extension gives you more time to collect all your documents and be sure to’ve claimed each tax destroy you’re eligible for,” Rosen mentioned. “that you could receive a tax extension despite the fact that you’re not sure you want one. It’s at all times higher to be safe than sorry.”
TaxExtension.com is an authorized IRS e-file provider with a better trade Bureau Accreditation A-plus ranking, and has a dedicated beef up team to help solution any questions.
For more data, please consult with http://www.taxextension.com/business-online-tax-extension and https://efile.taxextension.com/business/BusinessSteps.aspx
considering that its founding in 1997, TaxExtension.com has been the pioneer in the on-line tax extension trade. the reality is that the majority tax extensions are filed on the filing cut-off date day, with the lion’s share of these being filed in the previous few hours, so our purpose has all the time been to offer American taxpayers with a protected, easy, and comfy option to course of to e-file a tax extension with the IRS.
TaxExtension.com is a licensed IRS e-file supplier, which means we’ve got been given special permission to electronically ship tax forms to the IRS on behalf of taxpayers.
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Tax Refunds could Take a little Longer This year
This yr you can also to find the process somewhat traumatic. because it turns out, the interior earnings provider (IRS) is extremely shorthanded meaning tax refunds make take just a little longer. CBS4's David Sutta discovered what you’ll be able to do to get the money sooner.
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