Tax Deadline Update

I have good news and I have bad news.  We'll go with the good news first:  There's still one month left to get your 2010 individual  tax return timely filed.  And now the bad:  There's only one month left to get your 2010 individual tax return timely filed.  (You probably saw that coming.)  Clients waiting for straggling K-1s have lost that excuse, as the filing deadline for partnerships is now September 15^th.  That being said, the Internal Revenue Service recently announced it is granting taxpayers whose preparers were affected by Hurricane Irene until Sept. 22 to file returns normally due Sept. 15. The taxpayer’s preparer must be located in an area that was under an evacuation order or a severe weather warning because of Hurricane Irene.  So check your mail, e-mail and faxes for your hot-off-the presses K-1s and forward them to us.  This year's "day of reckoning" for Form 1040 filers is Monday, October 17^th, since the 15^th falls on a Saturday.  We still have some clients missing additional information, so please get that in as soon as possible too.  Keep in mind that the IRS interest and penalty “meter” is still running on any unpaid balances due, so if any money is owed with your returns you should file them as soon as possible.

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