How to file an extension

Not included in this article is a link to the IRS extension Form 4868.

You can find links to all state forms at SisterStates.com

Decision on Tax Cut Left Open in GOP Budget Deal

Lawmakers May Delay Tax Cut Debate

Kerry proposes $20b tax-cut package – This ridiculously tiny tax break ($2 Billion per year for ten years) is nothing but a campaign gimmick by the other Kerry, John F. (aka Mr. Theresa Heinz). 

How to avoid an audit by the IRS

Whenever people ask me to list out all of the things they can deduct, I explain that the easier way to look at it is to review everything they spend money on. Anything that can be connected to their business can be deducted. However, things that are used for both business purposes and personal pleasure do have to be prorated.

Personal income rose after the first Bush tax cut.

Tax Day Should Also Be Election Day

Congressman Proposes Moving Tax Day to November

Let’s hope Bush is as successful in fighting the DemonRats as he has been against the Baaths.

Taxes On Dividends Are Unfair – A tiny little detail that has been lost amidst all of the rhetoric calling the proposal nothing more than a tax cut for the evil richest one percent of the population. 

Balking at tax cuts – More on the uncooperative GOP Senators. 

Negotiators Reach Rare Deal on Tax Cut – It gets smaller on each vote.

GOP Tries to Hold Together Budget Deal

With Bush’s popularity riding high with the successful Iraq actions, the only hope the DemonRats have for any success in the 2004 elections is to do everything they can to sabotage the economy and, with the willing assistance of their Fellow Travelers in the media, pin the blame on Bush.  They know full well that the Bush tax cut plan would stimulate the economy so much that they might as well not even campaign in 2004; so they are pulling out all stops in their opposition to it, including their standard class warfare (“tax cuts for the rich,” etc) lies.   

Tax Trends

I like to stay on top of as many new developments as possible in the world of taxation.  Since the PRC is one of the most creative and aggressive in concocting new ways to get money out of people, it’s always educational to see what the rulers out there on the Left Coast are up to.  If they succeed in generating enough revenues, you can be sure other states will jump on for their share of the loot.

Widening the state sales tax to include services is still being debated; but it isn’t sailing through as smoothly as the rulers had hoped.  With estimates of $30 billion of potential new tax dollars at stake, don’t expect the supporters of this idea to give up very easily.

 While there are a few jurisdictions around the country that already have income taxes at the city and county level, the rulers in the PRC are working on making it available to those levels of government in their state.  That means that you can soon look forward to preparing four separate income tax returns every year.  More work for professional tax preparers.