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There is, however, a bit of confusion regarding what exactly filing an application form 7004 request will do for then you. The form is an extension to file the corporate tax come. It is not an extension to cash taxes the Corporate Taxes entity owes the government. If you don't pay the required taxes due in the March deadline, the business will need pay penalties and interest on any taxes due when the return is filed in September.
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Most people believe we are in market. Politicians, both left and right, agree that all levels of government are going broke. I no longer believe we are typically crisis. Every level of government is figuring out ways to obtain more of our money. Prolonged as as we have money, federal government will never be in real crisis. Disaster comes when individuals and businesses no longer have money to tax.
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