Extended filing deadline.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IR-2007-15, taxpayers have until April 17, 2007 to file their 2006 returns and pay any taxes due, because April 15, 2007 is a Sunday and the following day, Monday, April 16, is Emancipation Day, a legal holiday in Washington, DC. Thus, the entire country has an April 17 deadline, previously, the April 17 deadline applied just to individuals in Washington, DC and six eastern states served by an IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. processing facility in Massachusetts, where Patriots Day will be observed on April 16, 2007. Scope: The April 17, 2007 deadline applies to: * 2006 Federal individual income tax returns, whether filed electronically or on paper. * Requests for an automatic six-month filing extension, whether submitted electronically or on Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. * Tax-year 2006 balance-due payments, whether made electronically (direct debit or credit card) or by check. * Tax-year 2006 contributions to a traditional or Roth IRA Roth IRA An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible, and qualified distributions are tax-free. A qualified distribution is one that is taken at least five years after the taxpayer established his/her first . * Individual estimated tax Federal and state tax laws require a quarterly payment of estimated taxes due from corporations, trusts, estates, non-wage employees, and wage employees with income not subject to withholding. payments for the first quarter of 2007, whether made electronically or by check. * Individual refund claims for tax year 2003, if the regular three-year statute of limitations A type of federal or state law that restricts the time within which legal proceedings may be brought. Statutes of limitations, which date back to early Roman Law, are a fundamental part of European and U.S. law. is expiring. Other tax-filing and payment requirements affected by this change are described in IRS Pub. 509, Tax Calendars for 2007, available at www.irs.gov/pub/irs-pdf/p509.pdf. Lesli S. Laffie, J.D., LL.M LL.M Legum Magister (Master of Laws) . |
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