If you would like to have further
information on any of these articles, let us
know. We would appreciate receiving your
comments and/or suggestions, anytime!
acarroll@pmcpa.com
1. You Have Until April 17 to File and Pay
The Internal Revenue Service announced
today, taxpayers from across the nation will
have until Tuesday, April 17, 2007 to file
their 2006 returns and pay any taxes due.
You will have extra time to file and pay
because April 15 falls on a Sunday in 2007
and the following day, Monday, April 16, is
Emancipation Day, a legal holiday in the
District of Columbia.
The April 17, 2007 deadline will apply to
any of the following:
-2006 federal individual income tax returns,
whether filed electronically or on paper.
-Requests for an automatic six-month
tax-filing extension, whether submitted
electronically or on
a paper Form 4868.
-Tax year 2006 balance due payments, whether
made electronically (direct debit or credit
card) or by check.
-Tax-year 2006 contributions or a Roth or
traditional IRA.
-Individual estimated tax payments for the
first quarter of 2007, whether made
electronically or by check.
-Individual refund claims for tax year 2003,
where the regular three-year statute of
limitations is expiring.
Please call our office if you have any
further questions about this change.
2. Tech Tip Weekly: Avoiding a Variety of
Viruses
The Internet brings the
world to your doorstep, but it also brings
hoaxters, scam artists, and phishers.
Without the right protection, your computer
is subject to getting sick from a virus.
Viruses come in these different shapes and
forms.
-
E-mail
virus:
This kind of virus reproduces itself by
going into the recipient's Address Book,
taking down names, and e-mailing itself
to tens or hundreds of people at once.
It's important to remember that no virus
can spread inside an e-mail message.
Viruses travel by e-mail, but not inside
messages -- they travel in files
attached to e-mail messages.
-
Time bomb:
This is a
virus that is programmed to lie quietly
in wait on a computer until the
appointed hour, when it "explodes" and
causes damage.
-
Trojan
horse:
This virus
masquerades as one kind of program but
is really another. The game you thought
you downloaded turns out not to be a
game at all, but a virus. Trojan horses
travel on the Internet by stealth, not
by reproducing themselves quickly like
other viruses.
-
Worm:
This is a virus that quickly makes
copies of itself on many computers.
Worms infect a security hole in a
network, and when they are inside the
network, quickly copy themselves from
computer to computer. Code Red, the most
notorious worm, copied itself to a
quarter-million computers during one day
in July 2001.
Viruses slow Internet
traffic. They clog computer networks. They
make computers run more slowly by tying up a
computer's processor. They destroy important
files. Always be on the alert for viruses,
and make sure that antivirus software is
installed on your computer.
3. Compliance Calendar
January 26
Employers.
Semi-weekly depositors must deposit
employment taxes for payroll dates January
20-23.
January 31
Individuals.
Individuals who did not pay their last
installment of estimated tax by January 16
may file their 2007 1040 returns and pay any
tax due without penalty for late payment of
last installment.
Businesses. Give annual
information statements to recipients of
certain payments made during 2006 using Form
1099 or other information return.
Employers. Semi-weekly
depositors must deposit employment taxes for
payroll dates January 24-26.
Employers. Employers
provide employees with copies of Form W-2
for 2006.
Thank you
for subscribing to the weekly edition of
Strategic Issues...Online. If you wish
to unsubscribe to this newsletter,
please Reply to this e-mail and type
"unsubscribe" in the subject line and
your name will be removed. If you know
of someone else who would benefit from
this newsletter, please feel free to
forward this on to them or send us their
e-mail address and we will be happy to
add them to our mailing list. This
newsletter has been compiled by Prangley
Marks, LLP for our clients and other
interested persons. The information
presented may or may not apply to your
facts and circumstances and should not
be acted upon without professional
advice.
***Privacy Policy***
Prangley Marks, LLP will not sell, distribute, or otherwise misuse any email addresses received or collected for the purpose of this newsletter.
In order to comply with requirements imposed by the IRS which may apply to the Strategic Issues...Online as distributed or as re-circulated by our members, please be advised of the following:
THE ABOVE ADVICE WAS NOT INTENDED OR WRITTEN TO BE USED, AND IT CANNOT BE USED, BY YOU FOR THE PURPOSE OF AVOIDING ANY PENALTY THAT MAY BE IMPOSED BY THE INTERNAL REVENUE SERVICE.
Prangley Marks, LLP
Accountants & Consultants
"The Way We Figure, We Are The Only CPA Firm You Will Ever Need"
11th Floor Bridgewater Place, 333 Bridge Street, NW, Grand Rapids, MI 49504-5356
Phone#: 616-774-9004, Fax#: 616-774-9081