s. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by choAt this late stage of the tax filing game, I would like to make an observation and offer some advice on extensions and installment agreements. My friends, I appreciate your reading of my articles and appreciate your listener ship of my radio program, “Better Business”. Let me return the favor and offer you some more free income tax advice.

If you are going to owe money, don’t put your return on extension thinking this will give you more time to pay. If you don’t have the money to pay, fill out an installment request, form 9465, and attach it to your 1040 by April 16 (April 17 for some of you lucky taxpayers). The Internal Revenue Service will accept this installment agreement without consideration providing the tax due is paid within a three year period. Your state and local governments will also accept this form for the most part. For example, if you owe $5,000 on your federal return, but can only send $1,000; fill out form 9465 to reflect this. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by cho

program, “Better Business”. Let me return the favor and offer you some more free income tax advice.

If you are going to owe money, don’t put your return on extension thinking this will give you more time to pay. If you don’t have the money to pay, fill out an installment request, form 9465, and attach it to your 1040 by April 16 (April 17 for some of you lucky taxpayers). The Internal Revenue Service will accept this installment agreement without consideration providing the tax due is paid within a three year period. Your state and local governments will also accept this form for the most part. For example, if you owe $5,000 on your federal return, but can only send $1,000; fill out form 9465 to reflect this. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by cho

money to pay, fill out an installment request, form 9465, and attach it to your 1040 by April 16 (April 17 for some of you lucky taxpayers). The Internal Revenue Service will accept this installment agreement without consideration providing the tax due is paid within a three year period. Your state and local governments will also accept this form for the most part. For example, if you owe $5,000 on your federal return, but can only send $1,000; fill out form 9465 to reflect this. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by chothe tax due is paid within a three year period. Your state and local governments will also accept this form for the most part. For example, if you owe $5,000 on your federal return, but can only send $1,000; fill out form 9465 to reflect this. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by chos. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by choosing a payment you can afford, but pay it off as soon as possible.

The next issue I would like to discuss with you involves federal form 4868. This is the automatic extension request giving you until October 15, 2007 to file your 2006 income tax return. The old rules gave a taxpayer until August 15th to file the return, allowing for an additional extension until October 15th with more involved circumstances. If you are going to owe money and have it to pay but are waiting for more information to complete your return, complete form 4868 by showing the total expected income tax due less any withholding and estimated payments. The balance remaining is what should be sent with the extension request. If you are one of those taxpayers making estimated tax payments each quarter, combine your estimate with the mount you expect to owe. Using our example above suppose your total liability for 2006 is expected to be $20,000. You have made estimates tota