One of the benefits is also if you haven’t filed to get your economic stimulus check, this is your last chance to make a profitable decision. Please make sure that you file and have everything done by Oct 15 2008.
If you have been putting off the inevitable, take a deep breath and with a level head, go through your paperwork, call your tax pro (or break out the software) and start working. Remember if you are late you will be subject to penalties.
You might be surprised if you run your own business or have finally gotten together all of your receipts that you might end up getting a refund instead of owing money. It happens so don’t think that it is all doom and gloom. There may be other credits that you didn’t know that you could take.
If you know that you are going to end up owing you have reached the end of the line. You probably have already paid whatever it is you thought your estimated tax liability was that was outstanding and now you just have to take the time to get the documentation prepared to substantiate the money. Hopefully you are already on it, if not, there is still time.
Take advantage of the reminder now to get photocopies, web print outs of statments, whatever it is you were missing or needed to complete your tax return. You can do it, I know it. I also know it is the day of rest and prayer for some people so enjoy the day and after sunset promise yourself that you will get busy! You can do it!
Okay, I will stop cheerleading.
Er, is it safe though to say to you to have a good and perhaps profitable planning Sunday?
Kim Greenblatt
You are reading Kim Greenblatt’s profitable blog-don’t forget the Tax Extension Deadline is Oct 15.
Tags: Business, deadline, extension, Fed taxes, Oct 15, profitable, taxes