You can ask for an extension until August 15th,and get it maybe if you use an accountant,but you will have to pay a penalty maybe.Just any time after the 15th of April that you have the money to pay the tax,pay it,and it reduces the penalty. Now you would be better off asking an accountant about this stuff.The IRS from my experience with them answer wrong sometimes.Usually it is a difference between someone who answers the phone and a higher up IRS person.The people answering the phone might get you an idea of what you want to know,but if you are finding yourself in over your head,about the only thing that will help is an accountant,let him deal with the IRS,and what will usually happen is you will save money,plus things you dont know you can do,an accountant can tell you.IRS might know this stuff,but unless you ask,I doubt if they will tell you.They might,but dont count on who you call on the phone even knowing about it. Every time I used an accountant he saved me lots more than a tax preparer,but trucking has a lot of unique things to it like road use tax,fuel tax,repairs,maintenance,proper depreciation schedules,and many other things.I had my hands full driving and keeping the truck going,for $250.00 a year,an accountant saved me lots of stress and money,and did a much better job with my taxes than tax preparers I used the first couple of years.The way things got for me the accountant was the difference between making decent wages or quitting.With all of the nonsense in the past few years especially with high fuel prices,every bit a person can bring home helps.
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Today's Featured Article - The Engine Rebuild Kit - by Curtis Von Fange. I always liked engine rebuild kits. They have all the replacement parts for overhauling an engine without going to the store to get gaskets, special measuring tools, or miscellaneous parts. They come neatly packaged, clean and tidy. But it's important not to let that packaging lull you into a false sense of security. The appearance of matching sleeves, pistons, rings, and bearings can cause frustration and agony if not properly measured and installed in a workshop environment. Following c
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