How To Make Sure 2004 Is Your Best (Tax) Year Ever

Written by Wayne M. Davies


Continued from page 1

Form 7004 -- if you can't file Form 1120 or 1120S by today, here's a tip: just file Form 7004 by March 15 and you are granted an automatic, no-questions-asked 6-month extension of time to filerepparttar return (i.e. until Sept. 15, 2004) http://www.irs.gov/pub/irs-fill/f7004.pdf

Form 2553 -- if you want your corporation to be treated like an "S" corporation forrepparttar 112583 first time, today isrepparttar 112584 deadline for tellingrepparttar 112585 IRS that you want to be an "S" corp beginning with calendar year 2004. http://www.irs.gov/pub/irs-fill/f2553.pdf

Also, If you have employees, you must makerepparttar 112586 federal payroll tax payment for February 2004 by today (assuming you are onrepparttar 112587 monthly deposit schedule).

APRIL:

Thursday, April 15 Ah, yes,repparttar 112588 most famous tax deadline of all.

Form 1040 http://www.irs.gov/pub/irs-fill/f1040.pdf

And if you are a Sole Proprietor, don't forget that you must file several business-related tax forms with your Form 1040. The most commonly used tax forms forrepparttar 112589 self-employed person include:

Schedule C (to report your business income and expenses) http://www.irs.gov/pub/irs-fill/f1040sc.pdf

Schedule SE (for self-employment tax) http://www.irs.gov/pub/irs-fill/f1040sse.pdf

Form 4562 (to deduct equipment and other depreciable property) http://www.irs.gov/pub/irs-fill/f4562.pdf

Form 8829 (to deduct a home office) http://www.irs.gov/pub/irs-fill/f8829.pdf

Need more time to prepare your personal tax return? Go no further than Form 4868, which grants an automatic no-questions-asked 4-month extension to filerepparttar 112590 return. http://www.irs.gov/pub/irs-fill/f4868.pdf

NOTE: this is only an extension of time to filerepparttar 112591 return, not an extension to pay any tax due. So if you think you might owe, it may be wise to estimate what you owe and send in a payment with Form 4868; otherwise you may have to pay extra in late payment penalties and interest.

Form 1065 If your business is a Partnership or Limited Liability Company (LLC), today is also your lucky day to filerepparttar 112592 annual business income tax return -- via Form 1065. http://www.irs.gov/pub/irs-fill/f1065.pdf

Form 8736 http://www.irs.gov/pub/irs-fill/f8736.pdf To get an automatic 3-month extension of time to file Form 1065, file Form 8736 on or before April 15.

As if April 15 wasn't already painful enough, it's alsorepparttar 112593 deadline forrepparttar 112594 first quarter estimated tax payment for Year 2004:

Personal -- Form 1040-ES. http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Corporate -- Form 1120-W http://www.irs.gov/pub/irs-fill/f1120w.pdf

And if you're an employer, yup, it's time for yet another monthly federal payroll tax deposit -- for March 2004.

Friday, April 30 Form 941 is due forrepparttar 112595 1st quarter 2004. http://www.irs.gov/pub/irs-fill/f941_a.pdf

Form 940 federal unemployment tax deposit is due today, if your first quarter liability exceeds $100.

Had enough? OK, OK. I'll stop here.

That should get you throughrepparttar 112596 first four months ofrepparttar 112597 year.

For more tax resources, here's a few more links:

Looking for a federal tax form? http://www.irs.gov/formspubs/index.html

Looking for a state tax form? http:/ axes.yahoo.com/stateforms.html

IRS Website for Small Business &repparttar 112598 Self-Employed http://www.irs.gov/businesses opic/index.html

Tax calendar forrepparttar 112599 entire Year 2004 http://www.taxmama.com axcalendar.html

Wayne M. Davies is author of the best-selling ebook, "Tax Reduction Toolkit: 29 Little-Known Legal Loopholes That Will Reduce Your Taxes By Thousands" (For Small Business Owners and Self-Employed People Only!) Don't file another tax return until you visit: http://www.YouSaveOnTaxes.com/toolkit


Wall Street Movie Review - Greed Is Good

Written by John Q. Miller


Continued from page 1

The turning point of this rise to fortune involves deceit, betrayal, andrepparttar apprentice becomingrepparttar 112582 master. Blue Star Airlines, one ofrepparttar 112583 securities that isrepparttar 112584 subject of Gordon and Bud’s interest, faces some ofrepparttar 112585 same problems of profitability, union relations, and financing thatrepparttar 112586 airline industry, specifically American Airlines, is currently experiencing. Ironically, it is corporate raider Gordon Gecko who exposesrepparttar 112587 waste and corruption of corporate executives at another company, Teldar Paper - which in some ways resembles Enron. Wall Street is a great and entertaining movie. It also offers valuable insight into insider trading, securities manipulation, corporate raiders, andrepparttar 112588 lifestyles and personalities of Wall Street wizards and professionals. Even if you have already seen it, watch it again! It’ll increase your understanding ofrepparttar 112589 inner workings ofrepparttar 112590 stock market.

------------------- About The Author -------------------

This review is courtesy of John Q. Miller at http://www.JQmarketing.com where you can find out how to create your own (no writing required) newsletter and earn multiple streams of Internet income.

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