Tax Guru – Ker$tetter Letter

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Archive for July 1st, 2008

Posted by taxguru on July 1, 2008

Hard Numbers on Obama’s Redistribution Plan – Marxists who are upset that their more famous and experienced standard bearer, Hitlary Rodham, won’t be the DemonRat candidate for President, have nothing to worry about. Obama is a true Fellow Traveler in his devotion to the teachings of Marx and Engels.

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Posted by taxguru on July 1, 2008

Filing Extensions Changing for Some Business Taxpayers Later this Year – Supposedly to give a longer time between the extended due dates for some types of K-1 pass-through entities and the related 1040s, the automatic extensions for 1065s and 1041s will only be for five months for those entities with a tax year ending after 9/30/08.  For calendar year returns, this moves the extended due dates up to September 15, giving a full month before the October 15 extended due dates for 1040s.

Since S corps have an original due date of March 15, the current six month automatic extension already puts those returns due by September 15; so no change is required for S corps. 


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