Serving clients nationwide for over 30 years
Call Us: (603) 898-3322

April Newsletter

April Tidbits

Tax Filing Deadline

April 17th is the tax filing deadline for individual and partnership income tax returns to be filed.

Fresh Start Penalty Relief Initiative

The IRS is providing eligible taxpayers with a six-month extension of time to fully pay 2011 taxes through the Fresh Start Penalty Relief Initiative.  Interest will be calculated on the 2011 taxes from April 15, 2012, until the tax is paid but no failure-to-pay penalties will be incurred if tax, interest and any other penalties are paid in full by October 15, 2012. To be eligible for this program, your tax liability must be less than $50,000, your adjusted gross income must be less than $100,000 ($200,000 if married filing jointly). In addition,  you or your spouse (if married filing jointly) must meet the following criteria:

  • Wage earner who has been unemployed at least 30 consecutive days between January 1, 2011 and April 15, 2012; or

  • Self-employed individual whose 2011 business income decreased 25% or more due to the economy (as compared to your 2010 business income).

Contact Info

Comolli & Company, P.C.
45 Stiles Road, Unit 208
Salem, NH 03079
Phone: (603) 898-3322
Fax: (603) 898-6322