....and Insurance
| How do I know if I have to file quarterly individual estimated tax payments? |
| Written by IRS |
|
Who Must Pay Estimated Tax If you owed additional tax for 2006, you may have to pay estimated tax for 2007. General Rule You Must Pay estimated tax for 2007 if both of the following apply.
-------a. 90% of the tax to be shown on your 2007 tax return, or -------b. 100% of the tax shown on your 2006 tax return. *Your 2006 tax return must cover all 12 months. --------* Certain taxpayers with higher adjusted gross income must substitute 110% for 100%. Refer to Chapter 2 of Publication 505, Tax Withholding and Estimated Tax, for the income amounts that the higher percentage applies to. |
Bonnie's Tax Service is a notary public and is also an independant agent for Shenandoah Mutual, providing all your homeowner insurance needs.
Bonnie's Tax Service is an authorized IRS e-file provider dedicated to consistently provide high customer satisfaction by rendering excellent service and furnishing an enjoyable atmosphere.
Bonnie can also handle you payroll needs. even for those that have small businesses that is either sole proprietorships, partnerships, S Corp and LLC as well as filing quarterly payroll 941 and W-2.
Bonnie Stoneberger has been preparing taxes in Luray, Va. (Page County Area) since 1972. With 40 years of experience, she is capable of preparing your taxes at an affordable rate.