Newsletter - April 15
April 15 is approaching! Tax returns are due. You may file for an extension, but you still have to pay any tax due. The first quarter estimated payment is also due. Here is a general calendar.
| 03/15/2010 | calendar year corporation return due |
| 04/15/2010 | personal tax return due last day to make IRA and Roth contributions for 2009 first estimated tax payment due |
| 05/11/2010 | the 04/15/2010 deadline extended to 05/11/2010 for victims of storm areas in New Jersey |
| 06/15/2010 | second estimated tax payment due |
| 06/30/2010 | mail report of foreign bank and financial accounts to the Treasury Department |
| 09/15/2010 | third estimated tax payment due |
| 10/15/2010 | personal tax return due if you filed an extension last day to make SEP IRA contributions for 2009 |
| 12/31/2010 | last day to make a traditional IRA to Roth IRA conversion for 2010 |
| 01/15/2011 | fourth estimated tax payment due |
So what's new for 2010?
- We finally have a healthcare bill! Various provisions of the bill are phased in every year. You may read about the tax impact of the bill on our website.
- This is the last year of the Bush tax cuts.
- There is a business tax credit for businesses who hire workers who have been unemployed for at least 60 days.
- The first time home buyer credit expires April 30.
- The IRS still has credits for energy saving improvements to your home.
Remember, we also have a referral bonus. If we prepare the return for a friend you refer, you and your friend get $5 off your next tax return.