Don’t Miss the September 15 Deadline

Pardon the interruption!  We were scheduled to send you the fourth tip from our series on Dissecting the Heathcare Bill, but with these September tax deadlines looming in a couple of weeks, we thought it best to send you a reminder.

If you need to file a Form 1065 (partnership return), Form 1120S (S corporation return) or Form 1041 (fiduciary return) the deadline to file your 2009 return is September 15, 2010.  This assumes you had filed for an extension prior to April 15, 2010.

The IRS shortened the extension period for all pass-through entities that issue K-1s a couple of years ago.

If you put your personal tax return on extension (Form 1040), you still have until October 15, 2010 to timely file your 2009 return.

As a reminder, putting your tax returns on extension can be a good thing—but penalties to miss the extension deadline can be steep.

Give us a call if you need help meeting your deadlines.

Stay tuned for next week’s final segment on the Healthcare Bill where we’ll talk about the provisions of the Healthcare Bill that take effect in 2013-2018.

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.