file my income taxes Interrelated Guideline
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So, one can expect that in 2010 we will see an income tax increase, and by 2012 we will probably see a total of 10% to 20% increase between those years.
The government does know how to make one’s life miserable between liens, arrests, confiscations and a whole variety of practices thought up over the last 70 years.
If you file your federal return more than 60 days beyond April 15 (say after July 15), the minimum penalty will be the smaller of $100 or the amount of any tax you owe.
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For purposes of determining whether or not there is a filing requirement, gross income must also include any income that one plans on getting excluded under foreign earned income rules. All the same rules apply regarding due dates, extensions, and estimated taxes as well.
For example, if you bought a GI Joe for $10 and sell it for $100, you have a potential capital gain that could be reported. IRS is not likely to be concerned over something small like a $90 gain on a GI Joe.
A follow up mailing will confirm your permanent EIN and will typically show the date for filing your annual tax return. If a return or payment is due and, for whatever reason, you have not received an EIN you have applied for, do NOT use a substitute number like a social security number in the EIN space on IRS forms.
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