I know many will find this post by my own personal accountant helpful. Cann Accounting is owned by my good friend LaTeama Cann and her husband Nate. They are experienced and knowledgeable and will definitely be able to answer your personal or business tax and accounting questions! - Dorethia
It is April 13th already and your taxes are not yet done. Here are some stress relieving ideas to help you.
Don't Panic if You Can't Pay - If you can't immediately pay the taxes you owe, consider some stress-reducing alternatives. You can apply for an IRS installment agreement, suggesting your own monthly payment amount and due date, and getting a reduced late payment penalty rate. You also have various options for charging your balance on a credit card. There is no IRS fee for credit card payments, but the processing companies charge a convenience fee. Electronic filers with a balance due can file early and authorize the government's financial agent to take the money directly from their checking or savings account on the April due date, with no fee.
Request an Extension of Time to File - But Pay on Time - If the clock runs out, you can get an automatic six month extension bringing the filing date to October 15, 2010. The extension itself does not give you more time to pay any taxes due. You will owe interest on any amount not paid by the April deadline, plus a late payment penalty if you have not paid at least 90 percent of your total tax by that date. Call us for a variety of easy ways to apply for an extension.
If you have any unanswered tax or accounting questions, call Cann Accounting!!!. There are five easy ways to contact us. Simply call, email, fax, write or just stop by!!
LaTeama Cann
Cann Accounting Service LLC
21848 Van Born Rd
Dearborn Heights, MI, 48125
contact@cannllc.com
Phone: (313) 278-2188
Fax: (313) 278-2206
