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April 17th is a big day for taxes, but do you need more1 min read
Tuesday, April 17th is the deadline for filing certain returns and taking certain tax-related actions. Here are the major deadlines:
* Filing 2011 income tax returns for individuals.
* Filing 2011 partnership returns for calendar-year partnerships.
* Filing 2011 income tax returns for calendar-year trusts and estates.
* Filing 2011 annual gift tax returns.
* Making 2011 IRA contributions.
* Paying the first quarterly estimate of 2012 individual estimated tax.
* Amending 2008 individual tax returns (unless the 2008 return had a filing extension).
* Original filing of 2008 individual income tax return to claim a refund of taxes. Some taxpayers have tax refunds due them for prior years, and unless a return is filed to claim the refund by the three-year statute of limitations, the refund is lost forever.
If you can’t file your 2011 tax return by the April 17th deadline, you can file for an extension by that date and you’ll have until October 15, 2012, to file. You can request the extension on paper, by phone, or online. The extension is automatic, with no explanation necessary. Be aware, however, that an extension to file does not give you more time to pay taxes due for 2011. For assistance with filing an extension and calculating the amount owed, please contact Simons Bitzer & Associates at (317) 782-3070.
By Simons Bitzer
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