I’m no expert, but you may be able to reduce your 2005 taxes with a contribution to an IRA, and there still is time. Contact your income tax professional, quickly, to see if an IRA will help you.
From ComplianceHeadquarters:
Generally, the last day to make any calendar-year contribution is the individual’s tax-filing due date, excluding extensions. Since April 15, 2006 is a Saturday, the tax-filing due date is Monday, April 17. However, exceptions may apply for taxpayers affected by certain natural disasters, those living in areas affected by a state holiday, and certain armed forces and support personnel.
For taxpayers in the most severely hurricane and flood-damaged parishes and counties in Louisiana and Mississippi, as identified in IRS Information Release 2006-30, the tax-filing due date is August 28, 2006.
Release 2006-18 grants tax relief for
Release 2006-26 grants special tax relief for Missouri taxpayers in the Presidential Disaster Area that was struck by severe storms, tornadoes, and flooding March 11, 2006 through March 13, 2006. The tax-filing due date for these affected taxpayers is May 15, 2006.
According to IRS News Release 2006-37, the tax-filing due date for taxpayers served by the Andover, Massachusetts IRS processing center is Tuesday, April 18 because April 17 is Patriot’s Day, a state holiday in Massachusetts. Thus, the April 18 deadline applies to individuals in
