Tax liability: IRS Extension form?

Tax Liability is the tax bill for 2007 - line 44 if I remember correctly.

Look at last years tax return. After deducting the standard/itemized deduction and the exemptions amounts you get your taxable income. Then the next line is the tax line. This is the actual tax you owe Uncle Sam - This is your tax liability - the amount you actually owe the IRS. This is the amount the IRS wants you to estimate you will owe.

If you take your tax owed and subtract the payments (withholdings, estimates, carryforwards etc) you get your refund/amount due amount. If the payments are greater than the tax owed, you get a refund. If the payments are smaller than the tax owed, you owe the IRS money.

The IRS wants to know how much you think your tax bill is, tell them how much in payments you made and if the payments are smaller than the tax bill, then want you to send a payment with the extension.

RE: I forgot to checklist a sort very final 3 hundred and sixty 5 days as rapidly as I cashed out some inventory, now the IRS thinks I owe taxes. What do I do? I cashed out inventory and forgot to checklist a sort as rapidly as I did my tax return pointing out the taxes I paid for the money I even have been given. Now the IRS thinks I owe them money. What do I do to the terrific option this errors?