In this week’s episode 027, I discuss:
Federal Tax Update:
It is April 15th….Applause
Your Federal and State Extension or tax returns were due today
The Federal Budget with tax increases including cigarettes .94 per pack, social security and medicare benefits cuts.
Turbo Tax Online went offline for many users on April 14th
State Tax Update:
Louisiana’s Governor has backed off his proposal and has the State Legislators to come up with tax reform.
North Carolina taxation of Non-Profits Uncertainty includes sales, use, and property tax.
For the in-depth discussion, now that we have all filed our returns or extension, what type of payment does the Internal Revenue Service accept? The Internal Revenue Service does not want you to send cash payment with your return, but they do accept:
Checks made out the U.S. Treasury
Credit Cards/Debit Cards (with the taxpayer paying the card processing fees)
Electronic Funds Transfers (through the Internal Revenue Service’s or EFTPS Websites)
Installment Payments (although you will pay interest and penalties)
Reminder that I am schedule to speak at Podcamp Nashville on May 4th.
If you have a question or want to provide feedback about this podcast, please send an email to firstname.lastname@example.org.
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