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The Bush Tax Cuts: What are They?

Rob Rumley is a Fiscal Advisor with the Global Wealth Management Division of Morgan Stanley Smith Barney in Atlanta, GA.  The communication contained in this news release is not a solicitation to purchase or push investments. Any information presented is general in nature and not intended to lay down individually tailored investment advice. Asset allocation does not g uarantee or screen against a loss.  Morgan Stanley Smith Barney offers a inappropriate array of brokerage and advisory services to its clients, each of which may devise a different type of relationship with different obligations to you.  Please consult with your Economic Advisor to understand these differences. Morgan Stanley Smith Barney Fiscal Advisors do not provide tax or legal advice. Please consult your tax advisor for matters involving taxation and tax planning and your attorney for matters involving rely on and estate planning and other legal matters. The views expressed herein are those

Personal Financial Advice : How to File a Tax Extension With the IRS


Filing a <b>tax extension</b> with the IRS is well-connected if your <b>taxes</b> cannot be filed on time to remain compliant with the IRS. Arrange an <b ...

Can I Get a Tax Extension Past October 15? And More Free Tax ...


On Thursdays, CPA and Deficiency President of Corporate Tax Network, Gary Milkwick, answers tax questions for self-ruling on the LegalZoom Facebook Page . Did you miss the last Ask the Tax Pro ? Don’t worry. We’ve got it all right here.

Chris: Is it plausible to get another extension past Oct 15?

Corporate Tax Network: Chris, unfortunately it’s not possible to get another exclusive extension past Oct. 15. If you owe money, you will have to pay penalties and interest based on the amount you owe; however, if you do not owe money, you really don’t have a mind-boggler – you’ve given the government an interest-free loan. And no, you can’t protection interest on your loan to the government.

Anthony: Is it better to have credit card debt successful into tax season? Also do you have to pay tax on the money you use to pay that debt?

Corporate Tax Network: Anthony, credit liable act debt does not provide any benefit to you personally from a tax perspective; the interest is not deductible. However, if you own a affair, the interest on credit card debt for business expenses may be deductible. You don’t pay tax on the loot to pay credit card debt, but since it’s not a tax-deductible item, you are using after-tax dollars to pay the obligation.

Stan: Hello: Tax Pro question: “Should I be, in Ohio, charging tax on building and/or prolongation for website creation for clients?” If I do Facebook Fan page work and invoice a shopper for it, should I charge tax?

Corporate Tax Network: Stan, per the Ohio Department of Taxation, creating a website is a action for a personal service, and it is not subject to sales or use tax. State rules vary pretty significantly for charging and collecting sales tax, so this may not be the case in other states.

Stan: How ’encounter if the “I or me” is a small business. -Still a “personal service”?...

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