April 9, 2013 So let's just say that your went on a vacation and you MAY have written it off as a business expense. After all, you did tell your wife or girlfriend that you like your job. If that's the case, you may not want to post those pictures of you and her on the Tea Cups at Disneyland. It looks like someone finally told Uncle Sam about Facebook.
With the income tax season winding down, the IRS wants to remind taxpayers how to request some extra time to file their return and the options they have to pay their tax bill.
If you need more time to file your return, you can get an automatic six-month extension of time to file from the IRS. You must file for an extension by the April 17 deadline. An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the deadline, plus you may owe penalties. To get an extension:
Getting extra cash from Uncle Sam should mean you get to do something extra special right? Maybe even go on a vacation. Sadly only 10% of American's are planning to use their federal or state tax refunds to pay for a vacation. That's down from 20% just last year.
The United Nations in the past has been mostly concerned with the distribution of food to where there is starvation and famine. Now, the UN is supporting a junk food tax that could effect those countries where food is in abundance.
Remember when your mother scolded you for running up the stairs two steps at a time? “Slow down,” she would say. “You’re going to trip and hurt yourself.” Taking it step by step will get you there almost as quickly with much less chance of a painful fall.
As usual, mom was right. And her wise words are just as applicable to your tax filing tasks.
