Duluth/Gwinnett/Atlanta CPA Reminds Atlanta Taxpayers that Personal Income Tax Returns are Due April 15, 2010

The initial due date for personal returns is April 15. For returns not filed by that date both the IRS and GA allow for a six month extension/IRS Form 4868. Please be reminded that there are no valid extensions after the October 15 final due date lapses. Please be reminded that an extension to file is not an extension to pay and that you are required by tax law to pay applicable taxes as the monies are earned or you will be subject to additional penalties and interest.

Please be reminded that the mileage rate for 2009 is 55 cents per mile. For 2010, the mileage rate is 50 cents per mile. Please turn in an expense report monthly to get reimbursed for these and any other business expenses you might have paid personally. IRS tax rules require you to have a day by day log to support business miles. Please be reminded that extending the filing of a return does not delay the need to pay as you go as both the IRS & GA will bill you for penalties and interest if you do not pay your taxes during the tax year to which they relate. Below is a checklist that I encourage taxpayers to use to pull their personal income tax information together:

Atlanta CPA Prepares Tax Checklist to Prepare Your Personal Income Tax Returns:

Copies of all reported income forms, i.e. Forms W-2, 1099, brokerage statements, interest, dividends, etc.
Summary of all medical expenses with copies of all individual items over $1,000.
Summary of property taxes with copies of all individual items over $1,000.
Summary of Ad valorem Taxes (property tax on cars) with copies of all individual items over $1,000.
Summary of Mortgage Interest with copies of all individual items over $1,000.
Summary of cash and property contributions with copies of all individual items over $1,000.
Be sure to include any changes in address, dependents, filing status, or any other substantive changes from the prior year which would have impact on this year’s return.
Please forward student loan interest, child care expenses, tuition, and any other miscellaneous deductions/income.
Please be sure to let me know of any changes to the claiming of dependents, filing status, address, etc.
If you are a new client to us please bring along for both corporate and personal a copy of your prior year tax returns. If a brand new corporation, please forward along a copy of your incorporation papers, Federal ID #, and your S Corporation acceptance.
If you have had any independent contractor/proprietorship income you have earned, whether you have received a Form 1099 or not, please use this form (PDF) (Excel) to recap all revenue and expenses.
Please be sure to let me know how much you received from the Economic Stimulus Plan during the year.
All K-1s where you and an investment interest including an acknowledgment if you have sufficient basis to take the losses listed.

The initial due date for personal returns is April 15. For returns not filed by that date both the IRS and GA allow for a six month extension. Please be reminded that there are no valid extensions after the October 15 final due date lapses. Please be reminded that an extension to file is not an extension to pay and that you are required by tax law to pay applicable taxes as the monies are earned or you will be subject to additional penalties and interest.

James 1:17 Every good and perfect gift is from above, coming down from the Father of the heavenly lights, who does not change like shifting shadows.

I am looking to grow my business by adding key accounts like you with goals and aspirations just like yours. So if you know anyone looking for a Good CPA, please let me know and to check me out at www.HISCPA.com John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping

This entry was posted on Tuesday, April 13th, 2010 at 5:21 pm and is filed under Corporate & Personal Income Taxes.
Tags: 2010, Atlanta/Gwinnett CPA, Christian CPA, Duluth/Gwinnett CPA, For 2010 the mileage rate is 50 cents per mile, Gwinnett CPA, IRS Form 4868, Personal Income Tax Returns are Due April 15. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Duluth/Gwinnett/Atlanta CPA Reminds Atlanta Taxpayers that Personal Income Tax Returns are Due April 15, 2010”

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April 16th, 2010 at 6:07 am
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