2009 Tax Deadline News... Personal Income Tax Returns, LLC's, LLP's and Partnership Returns are Due April 15, 2009

2009 Tax Deadline News... Personal Income Tax Returns, LLC's, LLP's and Partnership Returns are Due April 15, 2009

The 2009 Tax Deadline for filing of your 2008 Personal Income Tax Return is April 15, 2009. Therefore all individual tax returns are due by that date. If for any reason you are not able to file your return by the due date both the IRS and state allows you to extend your return for six months. However don't let the extension "fool you." An extension to file is not an extension to pay as both the IRS and states require you to pay your taxes as you go. Individual taxpayers, as well as corporate ones, since World War II are required by tax law, to pay taxes as they make the money during the year.

To help avoid unnecessary fines and penalties knowing the rules will help you stay free from necessary additional expenditures. If for any reason you cannot file your return by the original due date the IRS allows for an automatic six month extension, which must be filed by the original due date of the return. Taking care to ensure that you have paid all of the tax obligations that are due will help you avoid unnecessary fines and interest in the future.

Please be reminded that if you have an S Corporation, LLC, LLP or Partnership that is a "flow through" entity in that all of the net earnings from the entities flow down to and are reported on the owner/shareholder's personal return for their ownership portion. Therefore careful consideration of these issues and tax planning for each personal shareholder's other income, itemizations, exemptions, etc. should be considered and carefully contemplated when extending all flow through entity returns as well as tax planning becomes even more complicated if these returns have not yet been filed. Keep in mind that the extension of the corporate return does not also automatically also extend the personal return which is due on April 15, 2009.

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/  (An Atlanta CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey and to learn about his ministry visit http://www.john-dillard.com/