The Small Business Tax Help Blog

Posts Tagged ‘estimated tax payment dates’

Question: Will I incur a penalty if I past due on a quarterly Estimated Tax payment? I just missed the 6/15 due date.?

Answer: Assuming you made all other payments on time, you will get hit with a small penalty–eg 2 days at 8%.

Alimentation Couche-Tard announces its results for the fourth quarter and fiscal 2011

Fiscal year 2011 net earnings are up 22.2%. Excluding fees of $7.0 million after income taxes related to Couche-Tard’s public tender offer to acquire Casey’s shares recorded during fiscal 2011 and the gain from the disposal of Casey’s shares as well as the reversal of provisions, both recorded during fiscal 2010, fiscal 2011 net earnings are up $89.2 million or 31.0%, an increase of $0.47 per …

California Tax Tip: BE Online Services

Question: 2008 IRS tax overpayment applied to 2009 tax. What date is applied for 2009 estimate requirements?

I had 2008 tax overpayment applied to 2009 taxes.

For 2009, I am required to make estimated payments. What date is the 2008 payment considered to be applied to 2009 tax?
The date the 2008 payment was originally received?
Some other date?
The 2008 overpayment applied to 2009 will be MORE (by a little) than the amount of the 2009 estimate.
I haven’t made any estimated payments this year.
I just filed 9/15/2009.

Answer: if your overpayment was greater than 1/4th of the estimated for 2009, it will apply to the April payment and possibly some to the Sept. payment
your 1040ES divides the payments more or less evenly over the 4 payments, however, if there are changes in your income during the year, you can adjust those
you want to make sure your estimated amounts to at least what your tax liability was for 2008

MBIA Inc. Reports 2009 Financial Results

ARMONK, N.Y.----MBIA Inc. today reported Adjusted Book Value per share of $36.35 as of December 31, 2009, compared with $40.06 as of December 31, 2008. ABV declined in 2009 as increased credit impairments on insured credit derivatives, insurance incurred losses and other-than-temporary impairments of invested assets outpaced earnings from all other sources.

THAKSIN SUPER HERO and his Red Shirts Supporters UDD DAAD 2008