Tax Talk Blog: E-File

Are you filing an extension this year on your personal federal taxes? In addition to paper filing your extension, the IRS offers the option to e-file your extension. Both filing options extend your filing date to October 15th. The e-file option will make it easier and faster for some, rather than traditional paper filing.

Filing an extension does not postpone payment of your taxes. Those who owe taxes can make a payment when they file the extension online by mailing a check, make an electronic funds withdrawal, or pay with a credit card.

The form that needs to be submitted is Form 4868, Automatic Extension of Time to File. You can either e-file from your own home computer, or you can file through a tax professional who uses e-file.

Read more about e-filing from the IRS website here: www.irs.gov

If you would like more information on the e-filing process, or if you would like to e-file an extension, please call McDaniel & Company, PLLC at (336) 996-3338. We are an accounting firm in Kernersville, NC. Our certified public accountants are ready to help you and your business with your tax and accounting needs.

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McDaniel & Company PLLC - Quotable Quotes: Day 28 of 28

If you lose hope, somehow you lose the vitality that keeps life moving, you lose that courage to be, that quality that helps you to go on in spite of all. And so today I still have a dream.

~Martin Luther King, Jr.

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McDaniel & Company PLLC - Quotable Quotes: Day 27 of 28

"The cost of liberty is less than the price of repression."

-W.E.B. Du Bois

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McDaniel & Company PLLC - Quotable Quotes: Day 26 of 28

Both tears and sweat are salty, but they render a different result. Tears will get you sympathy; sweat will get you change.

-Jesse Jackson

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McDaniel & Company PLLC - Quotable Quotes: Day 25 of 28

There is no better than adversity. Every defeat, every heartbreak, every loss, contains its own seed, its own lesson on how to improve your performance the next time.

-Malcolm X

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McDaniel & Company PLLC - Cheating on your taxes?

Will you cheat on your taxes this year? In a recent article from CNNMoney.com, reporter Blake Ellis talked about how more Americans are cheating on their taxes. With the current condition of the economy, it is supposed that the likelihood of Americans cheating during this tax season may increase. As we have mentioned in previous articles, the IRS is cracking down on errors on tax returns and increasing their audit efforts. These facts considered, it is not recommended that taxpayer or tax preparer take the risk.

To read this article, please follow the link here:

"More Americans cheat on taxes"

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McDaniel & Company PLLC - Quotable Quotes: Day 24 of 28

America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.

-Abraham Lincoln

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