Business: How To Get An Extension To File Your Business Tax Returns

How To Get An Extension To File Your Business Tax Returns

Written by Richard A. Chapo

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Limited liability companies with more than one owner typically elect to be treated as partnerships for tax purposes. If this describes your situation, repparttar LLC is required to file tax returns by April 15, 2005. You can obtain a 3-month extension by filing form 8736. Although form 8736 contains language regarding partnerships, you will still use this form since repparttar 103361 IRS classifies you as a partnership for tax purposes.

If you are repparttar 103362 sole owner of an LLC, you may be in for a surprise. The IRS doesn’t recognize LLCs owned by one person. Instead, it simply considers you a sole proprietor and repparttar 103363 rules for sole proprietorships apply. These are discussed below.

Partnership

If your business is a partnership, you are required to file tax returns by April 15, 2005. You can use form 8736 to obtain a 3-month extension.

Self-Employed/Sole-Proprietor

If you are not using a business entity, your business tax information should be reported on your personal tax return. The due date for filing your personal tax returns is April 15, 2005. You can obtain a four-month extension by filing form 4868.

Summary

Regardless of how your business is organized, repparttar 103364 IRS will automatically grant you an extension to file your tax returns. By sending in repparttar 103365 appropriate form, you can avoid a mad rush that will inevitably result in missing deductions and overpaying your taxes. Just make sure you pay any taxes you anticipate owing by repparttar 103366 appropriate date.

Richard Chapo is CEO of http://www.businesstaxrecovery.com - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review.

Conquering Confidence Killers for Small Business Success

Written by Peggie Arvidson-Dailey

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3.Say goodbye to repparttar

'naysayers' in your life. Likely you have one or two people who tell you that "you'll never make money walking dogs," or something similar. At this point in your career, ignore them. They may motivate you to prove them wrong, but spending too much time with people who don't believe in you and your goals is a major confidence killer. Ask them to keep their thoughts to themselves or move on without them. 4.Become self-aware. Pay attention to repparttar 103360

ways in which you talk to yourself. Are you constantly putting yourself down, or saying you're sorry? Stop it! You are repparttar 103361

best YOU possible! What you can provide to your customers and their pets is unparalleled! 5.Commit to learn. Is your confidence killer public speaking? Then enroll in a Toastmasters Group or sign up for an adult education course on public speaking. You'll meet new people who are struggling to overcome repparttar 103362

same confidence killer you are - and you'll thrive on each small success - both theirs and yours. Whatever your Confidence Killer is - educate yourself to overcome it! 6.Look repparttar 103363

part. If your confidence waivers because you think you look too young or too old (or too something else) to run a business, then find ways to look repparttar 103364

part you want to play. If you doubt that you would believe YOU as a business owner, ask yourself why. When you've determined what your concerns are, find ways to address them by either altering your dress, your presentation or your phone demeanor. Looking repparttar 103365

part is not being fake--it's putting repparttar 103366

best you possible forward. While it's an unscientific study, I do know that I scored better on tests in college when I was showered and neatly dressed for repparttar 103367

exam! 7.Have some fun. It's your business and you are good at it so why not enjoy it and compliment yourself for all repparttar 103368

things you do well? When you have fun, everyone will assume you are self-confident and happy and they will want to be with you! "Watch your manner of speech if you wish to develop a peaceful state of mind. Start each day by affirming peaceful, contented and happy attitudes and your days will tend to be pleasant and successful." -- Norman Vincent Peale

Peggie Arvidson-Dailey is the founder of Pet Care Business University and the Pet-Care Business Success System™. She is the author of several articles on small business success and has been radio guest on “This Week in Small Business” on the topic of Customer Satisfaction. As a trainer and coach she has helped people across the country create and build the pet-care business of their dreams. Visit http://www.peggiespets.com for more information.

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