Dating business brought income in 2016

If you don't think you're going to be able to file your federal income tax return by the due date, you can file for and obtain an extension using IRS Form 4868, Application for Automatic Extension of Time to File U. You can also file for an extension electronically — instructions on how to do so can be found in the Form 4868 instructions.Filing for an automatic extension does not provide any additional time to pay your tax!The corporation begins with Federal Taxable Income from the federal tax return.The tax rate is 6.25 percent for tax years beginning on or after September 1, 1993. Income from obligations of the United States government and its instrumentalities is included in income under the franchise tax law.Income tax applies only to foreign corporations which are not subject to the franchise tax and which own property in Wisconsin or whose business in Wisconsin is exclusively in foreign or interstate commerce. Income from obligations of the United States government and its instrumentalities isn't included in income under the income tax law.The filing deadline for most individuals is Tuesday, April 18, 2017.

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If you served in a combat zone or qualified hazardous duty area, you may be eligible for a longer extension of time to file.One of the biggest mistakes you can make is not filing your return because you owe money.If your return shows a balance due, file and pay the amount due in full by the due date if possible.Usually this is 4 years from the due date of the return or the date filed, whichever is later.If you under report your income on your return by 25% or more, the statute of limitations is 6 years from the due date of the return or the date filed, whichever is later.

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