APRIL 14, 2004
Visit TaxCentral for Tax Help
With the April 15 tax deadline fast
approaching, visit TaxCentral, an exclusive
NASE benefit to help you navigate the
complicated tax code. TaxCentral is your
one-stop online source for tax information
focused on the unique challenges faced by
self-employed professionals and
small-business owners. With an emphasis on
user-friendly interactive tools and concise
easy-to-read content, TaxCentral cuts
through the miles of tax code to give you
the critical information you need to know in
one central location.
With TaxCentral you have access to features
and services such as:
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Easy-to-use online calculators to help you
figure your estimated taxes, Self-Employment
Tax, Home Office Deduction and Medical
Reimbursement Plan (105) deductions
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Step-by-step instructions for remitting your
estimated taxes, including links for making
payments
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Convenient and secure online preparation and
electronic filing of your individual tax
return with significant savings for NASE
Members
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Receive e-mail reminders of important filing
dates and an online tax calendar
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Exclusive Schedule C Interactive Tax
Planning Tool to assist you with calculating
business profit or loss
Log onto MyNASE today and finish your taxes
in no time.
File A Tax Extension By Phone Or Computer
If you are unable to meet the April 15 tax
filing deadline, the Internal Revenue
Service offers two easy ways to file an
extension – without needed an excuse, or
even a stamp. Automatic four-month
extensions are available by phone or by
computer, as well as through the paper Form
4868. The IRS expects to receive almost 9
million extension requests, which must be
made by the April 15.
The IRS has a special toll-free phone line
for extensions – 1-888-796-1074 – for those
who filed a tax return for 2002. Callers may
use Form 4868, Application for Automatic
Extension of Time to File U.S. Individual
Income Tax Return, as a worksheet to prepare
for the call, figuring their 2003 tax and
total payments made. They get a confirmation
number signifying that the extension request
has been accepted. They should put this
confirmation number on Form 4868 and keep it
for their records. They do not send the form
to the IRS.
Taxpayers may also e-file an extension
request using tax preparation software on
their own computer or by going to a tax
preparer. Those filing by computer get an
acknowledgment that the IRS has received
their request.
Taxpayers asking for extensions by phone or
computer can choose to pay any expected
balance due by authorizing an automatic
withdrawal from a checking or savings
account. They will need the appropriate bank
routing and account numbers for that
account. They must also have the adjusted
gross income (AGI) from their 2002 tax
return to verify their identity.
You may download Form 4868 or call
(toll-free) 1-800-TAX-FORM (1-800-829-3676).
Those with a fax machine may use the IRS
TaxFax by calling 703-368-9694 and request
Item #13141 by return fax. Form 4868 is also
available at local IRS offices and many
public libraries. Taxpayers needing this or
any other federal tax form should act soon
to be sure they have the item in time.
For more information, visit the IRS Web site
at http://www.irs.gov.
Register Online for SBA Expo ’04, May 19th in Orlando
Online registration for the U.S. Small Business Administration’s SBA Expo ’04: Celebrating National Small Business Week is now available. The annual celebration honoring the nation’s leading small business entrepreneurs will be held in Orlando, Fla., May 19-21, 2004, at the Orange County Convention Center. Highlights of SBA Expo ’04 include the announcement of the National Small Business Person of the Year.
Small-business owners, business organizations, and other individuals who wish to attend or exhibit may now register online at
www.sba.gov/50. Complete information on Expo events is available on the SBA’s conference Web site and will be updated regularly. Early bird rates will be in effect until April 17. Special events include a business expo, a business matchmaking event, business seminars, a town hall meeting, and award ceremonies honoring women entrepreneurs and state and national small business winners. SBA Expo ’04 will also feature business industry leaders and speakers from trade associations and from state and federal governments.
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