Reader comments: Small businesses have options if they can't pay the IRS
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joe | 9:24 a.m. Oct. 5, 2008
Those businesses that wait until Oct 15th are getting what they deserve. If they had a good accounting system and were on top of their business they would never wait that long.
Tax Acct | 12:08 p.m. Oct. 5, 2008
Actually, the business tax returns were due last month. The flow thru taxable income is now due to be reported as taxable on their extended personal returns. This is an extension of time to file, NOT an extension of time to pay. If they haven't paid their tax in full by April 15th, and a specified portion of it by December 31 of last year, then they will be penalized and charged interest from the time that the taxes were due.
Joe- There are those businesses out there that due to multiple subsidiary business holdings, necessary audited financials, and other items need the additional time to file.
Joe- There are those businesses out there that due to multiple subsidiary business holdings, necessary audited financials, and other items need the additional time to file.
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