New Post/Thread Notification: CreditWrench IRS TAX FORUM

Hello,

formalizingBusiness has just posted in the CreditWrench IRS TAX FORUM forum of CreditWrench under the title of Do I need to file a tax form for 2006 Q1?.

This thread is located at http://www.creditwrench.com/consumers/showthread.php?threadid=1041

Here is the message that has just been posted:
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I would say yes however. If you are supposed to file and don't eventually it will catch up with you because they IRS will charge you fees and penalties for filing late.

How much is the penalty fee (I'm just curious to know)?

Also the due date is April 15th (for this quarter)?

Quickbooks and other software is very helpful to assist you in determining your tax liability. I use QB and it calculates and prints the 941 for me. I think QB can be setup to do the state form also, but it only takes about 10 minutes to fill it out my state form so I never bothered trying to figure it out.
What software should I use? The company's business will be an internet business. QuickBooks, TurboTax or else?
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