yes filing an extension does not delay your tax obligation. You have to predict what your total tax bill will be, subtract your actual payments and include a check for your estimated difference.
by magiccharm - 6 hours ago
It's an estimate, not the final numbers. If you get it correct to within $200 or so, that should be good enough. And they don't mind if you overpay, and ask for a refund later. No, it is not what you're going to end up paying. It is the TOTAL tax liability, which includes what you have been paying (payroll withholding) during the year, plus what you might end up paying later. (or minus any refund.)
by Morningfox - 6 hours ago
Estimate of total tax liability means the amount that you think your tax will be. You do not need to know the amount. You just need to take a reasonable estimate. Total 2008 payments means the amount withheld (from your pay, etc.) plus the amount of any estimated tax payments you made.
by StephenWeinstein - 6 hours ago
Setting up Your Company to Obtain a Small Business Loan
If you’re looking to expand your business, you may be considering getting a loan. In order to achieve that goal, you’ll need...
From hobby to wine in the sky: Whitewater Vineyards
Gout de terroir. Wine aficionados are familiar with this phrase, which refers to the “taste of the soil” that...
Less Stress Spells More Tech Spending for Small Business Owners
More than half of small business owners would now rather invest in their businesses than stockpile cash, according to new...
Volume of Loans to Small Business Increases First Time Since 2010
Healthy sales and strong profits are making private U.S. companies increasingly attractive prospects to bank lending...
Starting out: It’s Time to Get Organized
You are the creative mind behind your business. The entrepreneur. The genius. Certainly, you shouldn’t have to spend a lot...
The lien on your business you never knew you had
If you have ever applied for any type of business loan, you may be shocked to learn that there could be a lien filed against...