Tag Archives: dinkytown

Tax Comparison Chart – Link to 2018 Tax Estimator

In our continued pursuit of Tax Research and Planning ideas, we wanted to show you these items …

More on this in the coming Newsletter-

Here is a neat graphic comparing 18 and 17 Taxes

TAX Comparison 18 to 17 FINAL-TCJA-Filers-Chart

Broadly – the bottom line, across the board, taxes will be lower.

Favorite Detailed Tax Analyzer

After scrolling the net for a good tax estimator, we came back to our old favorite site, Dinkytown….

Here is our 2018 Dinkytown favorite 2018 Tax Estimator.

This link is to the more detailed version as there is a basic version that did not give us enough comfort in doing estimates….

Have a Great “Less Taxing” Day!

Happy Friday!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

How to file an automatic personal 1040 Tax Extension … 40 Million returns yet to be filed

The IRS estimates that over 40 million tax filings are yet to be filed, which are due tomorrow.

You are not alone if April 18, 2017 was not enough time to file your taxes!

How to file an automatic Extension

In order to file and receive your automatically accepted 1040 Personal income tax extension, use Form 4868. Here is the IRS website with complete instructions.

Your new extended deadline for this year will now be October 16, 2017 for your personal 1040 returns. Other entity tax return extensions may have different deadlines.

Be sure to note the different addresses for filing, depending on your State of residence and with or without payment.

If you might owe, make an estimate NOW!Uncle Sam

If you owe taxes or think you may owe taxes, send in an estimate with your Form 4868 filing as interest penalties compound and accelerate after tomorrows deadline.

From the IRS:

The late payment penalty is usually ½ of 1% of any tax (other than estimated tax) not paid by April 18, 2017. It is charged for each month or part of a month the tax is unpaid. The maximum penalty is 25%.

Calculate your amount owed and be sure to send it with your extension request.

Our favorite Tax Estimate Calculator

Here is our favorite easy, high level tax calculator, just in case you are not sure on your possible liability. Five minutes of data entry will most likely get you close, Round up and mail that check in with Form 4868 to insure that you will not have penalties and interest accruing.

There are certainly other calculators, but if you are in a hurry and have not entered any information elsewhere, the Dinkytown estimator above may be just the ticket.

Don’t let October get here too fast…another extension is not this easy!

Have a Great “Pre-Tax Day” day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Extension Form for Taxes … Form 4868

Life got in the way.

Even with the best intentions, there just was not enough time.

We know, you made a promise last year, this year would be different……

No worry!

Form 4868

Use this form to get an automatic extension for your personal income taxes.

Here is a great IRS website with more details.

If you think you may owe, be sure to send your estimated amount in with the extension.

Here is a website (dinkytown 1040) to get your tax estimate in less than five minutes…its raw and macro, but it can get you to where you need, quickly !

Have a great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com