ive had an accountant do my taxes for 07/08 do i have pay the full amount?
before 31st oct?i can only pay 1000, the remainder which a further 1000 i will be able to pay before 31st jan as im owed money i.e self employed .can i pay in installments or do i have to notify the tax office?
Other - Taxes - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can make payments to the IRS/State easily. Just send them what you can with the notice asking for payment. I would not suggest an installment agreement if you can pay it by 1/31. Helen, EA in PA
Answer 2 :
The 31/10 dealdline is for paper returns to be filed. The 31/01 deadline is for on-line returns and payments to be made. As long as the whole bill is paid by 31/01 you won't get any interest or penalties. http://www.hmrc.gov.uk/sa/dead-pen.htm
Answer 3 :
You pay in two instalments. One half should already be paid, because you pay half on account (in advance) This is based on last years profit so may be adjusted up or down on the real figures.
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