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Small Business Brief 31st March 2010 11:40 AM

How Small Business Owners Can Extend Tax Time
 
Filing for an extension is a common way for business owners to buy some time during tax season. While extensions do not defer payment to a later date, they permit business owners to estimate what they owe and pay based on that estimate. Then, they can use the additional time to gather and organize all necessary paperwork for their actual tax return, which they file along with a check for the remainder of what they still owe-if their bill is more than they estimated.

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