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Video instructions and help with filling out and completing How Form 2350 Penalties

Instructions and Help about How Form 2350 Penalties

Studio with us this morning, Jim! Trip on from taxi PA Houston. The AMIA stood ition to the supporting show. We have been talking about this special tax report on how to protect yourself from Nancy Pelosi's tax plans. The website is specialtaxreport.com. The phone number at the office is 713-661-1040. And you know, the dust has almost settled from tax day last week, April 15th. I'm just curious, how is the house? The temperature or how is the barometric pressure in your office, Jim? It's actually got back to normal, thanks very much. We've all had at least a couple of days of sleep since April 15, so it's been a pretty nice time. Well, now that we've got that deadline behind us, I wanted to maybe get you to share with us some good strategies for perhaps still being able to lower your 2009 tax bill through the filing of an amended return, which I know something your office can help with, and also kind of setting things up for 2010 for maximum savings and minimum exposure. Absolutely. Well, there are a couple of things you know. We're past April fifteenth now, but even though we're after April fifteenth, there are still things you can do to reduce last year's taxes. One of the things that you can do is if you're self-employed, well, you can still open and contribute to a pension plan if you've extended your tax return. So you may have not filed yet, but you can still extend. You know, if you extend it, you can still open and file for a pension contribution. You can do that up through the extended due date of your tax return, which could be conceivably all the way until October of 2010 and still get to run...