Wind Industry Cashes In on IRS Extension WASHINGTON — WASHINGTON — Institute for Energy Research President Thomas Pyle issued the following statement on the Internal Revenue Service’s decision to double the “commence construction” period for wind power projects from two to four years:“This is nothing short of theft from American taxpayers. The IRS is far more concerned about providing special interest handouts....
Here's How to File an Extension if You're Out of Time Before Tax Day #HighNetwork #Wealth #FinancialPlanning #MarcAsheghian #LosAngelesCPA #TheTaxConsultancyGroup #IRS #TaxDay #TaxExtension #NBCNews http://www.nbcnews.com/business/retirement/heres-how-tell-if-you-have-crummy-401-k-plan-n465731
The IRS Form 7004 is also known as the Form 7004- Application for Automatic Extension of Time to File Certain Business Income Tax, Information and other Returns. This form is used by businesses who are unable to file their taxes by the April 15 cut-off deadline. @ http://losangelesfoto.com/how-to-get-an-irs-extension/
There are even cases where this has gone to court and the judge has sided with the IRS that their home business was just a hobby and did not qualify for any tax benefits. This means that if you have been good about taking full advantage of all the tax benefits afforded to home business owners without the proper documentation, you are sitting on a fiscal time bomb.