Everyone's Favorite Subject: TAXES!

Over the last few years, we here at Carousel30 have had the pleasure of meeting and getting to know Ron Piner, the host of "Better Business," the most complete business accounting radio show, now in national syndication. We thought that for this month's E-mail, we'd share part of an article Ron wrote that is in keeping with the (tax) season.

Best of luck with all your design and marketing needs this month - please don't hesitate to contact us if you'd like to talk.

(From Ron Piner's Article: Taxes: Extensions and Installment Agreements)

At this late stage of the tax filing game, I would like to make an observation and offer some advice on extensions and installment agreements. My friends, I appreciate your reading of my articles and appreciate your listener ship of my radio program, “Better Business”. Let me return the favor and offer you some more free income tax advice.

If you are going to owe money, don’t put your return on extension thinking this will give you more time to pay. If you don’t have the money to pay, fill out an installment request, form 9465, and attach it to your 1040 by April 16 (April 17 for some of you lucky taxpayers). The Internal Revenue Service will accept this installment agreement without consideration providing the tax due is paid within a three year period. Your state and local governments will also accept this form for the most part. For example, if you owe $5,000 on your federal return, but can only send $1,000; fill out form 9465 to reflect this. You will then be able to get a term loan over the next three years to pay the remaining balance due. You will be asked to select a time frame, a monthly amount, and a time each month you would like to make the payment. Be realistic by choosing a payment you can afford, but pay it off as soon as possible.

Read the full article here on his Web site >

And again, let Carousel30 know if you need any help with your Web, Video or Print design and marketing needs - we'll be happy to help. Give us a call at (301) 951-1035.

April 9, 2007
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