Bonnie's Tax Service

....and Insurance

Do not forget that April 17th is the deadline this year to file your taxes. Reason being is because the 15th falls on a Sunday and the 16th is a Federal holiday in the District of Columbia, Emancipation Day.
Home FAQ Federal Tax Question How do I know if I have to file quarterly individual estimated tax payments?
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.

  1. You expect to owe at least $1,000 in tax for 2007, after subtracting your withholding and credits.
  2. You expect your withholding and credits to be less than the smaller of:

 

-------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.

 
  • Services

    Bonnie's Tax Service is a notary public and is also an independant agent for Shenandoah Mutual, providing all your homeowner insurance needs.

  • IRS E-file

    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.

  • Payroll

    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.

  • About

    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.

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