More Bankruptcy Tax Refund Related Resources
|
Tax Strategist Advises IRS Extensions Due to National Tragedy
By: ARA Content
|
|
(ARA) - Taxpayers and companies whose deadline for tax returns was September
17th or in coming weeks, are being granted extensions by the IRS due to the
national tragedy which disrupted lives as well as flight delivery and mail
services.
According to CPA and tax strategist Diane Kennedy of TaxCents, a tax
education company that helps people make informed tax-advantaged financial
decisions from a position of power and knowledge, "With heavy hearts, as we
proceed to get back to business as usual, it's important for taxpayers to be
aware of the IRS's granting of filing extensions for three categories of people
affected by the terrorist attack and the tax filing relief for each." Specific
updated information can be found at www.legaltaxloopholes.com. IRS categories
are:
- Special extensions for (1) victims of the crash, (2) all workers assisting
in the relief, and (3) taxpayers who are working within the disaster area:
- Individual returns on extensions past September 10, 2001 are extended to
February 12, 2002.
- All other returns extended 120 days.
- Estimated taxes originally due after September 11, 2001 extended to January
15, 2002.
- Taxpayers experiencing difficulties because of disruptions in delivery
systems in these areas will receive the following extensions:
- Tax returns due now are extended to November 15, 2001.
- Payments for these tax returns are due by October 31, 2001.
- Estimated tax payments have been extended to November 15, 2001.
- The third category of affected taxpayers is the broadest and defined as
"taxpayers who, regardless of their location, are continuing to experience
difficulties in meeting their filing and tax payment requirements on account of
events related to the September 11, 2001 terrorist attack."
- All tax returns and payment of estimated taxes due September 10, 2001 thru
September 24, 2001 has been extended to September 24, 2001.
Diane Kennedy, CPA and tax strategist, is co-owner of TaxCents, a tax
education company designed to encourage individuals to make informed
tax-advantaged financial decisions from a position of power and knowledge. At
www.legaltaxloopholes.com TaxCents offers books, tapes, seminars and the latest
in what's hot in tax loopholes. Kennedy is author of "Loopholes of the Rich: How
The Rich Legally Make More Money & Pay Less Tax." TaxCents can be reached at
(866) TAXCENTS.
|
|
|
|
|
|
|
|
More Bankruptcy Tax Refund Related News...
Reuters Canada Business Summary (The Globe and Mail)ALGIERS (Reuters) - Canada's Bombardier has won an $84 million deal to supply four passenger aircraft to Tassili Airline, an affiliate of Algeria's Sonatrach state energy group, a Sonatrach finance officer said on Saturday.
Reuters Canada Business Summary (The Globe and Mail)ST PETERSBURG, Russia (Reuters) - A sudden change in oil prices or U.S. housing prices are potential risks to the Canadian economy, which is expected to meet 2006 growth targets, Finance Minister Jim Flaherty said on Saturday.
Reuters Canada Business Summary (The Globe and Mail)TORONTO (Reuters) - After seeking a buyer for more than a year, Royal Group Technologies Ltd. proved naysayers wrong on Friday, announcing it has agreed to be acquired by Georgia Gulf Corp. in an all-cash deal valued at C$1.7 billion ($1.5 billion).
|
|
