One Of The Nation’s Top Tax Experts Makes CENTS Of Most Taxing Time In History
A Taxing Deadline & Questions Facing The Nation
Tax Day Advice with One Week to Go; What Every Taxpayer Should Know as the October 15th Filing Deadline Approaches
October 15th, 2010, may be like no other Tax Day in history. For the millions of taxpayers who filed extensions this spring, the filing deadline is about a week away.
Of course, there are plenty of taxing questions for every taxpayer, even those who have already filed. Two massive stimulus bills, numerous changes to our tax code and a deep recession have created the perfect storm. With Congress locked in a bitter battle over extending the tax cuts, there will be major ramifications for every taxpayer. Thats why Elaine Smith, Master Tax Adviser, and the Tax Institute at H&R Block are trying to help taxpayers make some sense of all of the changes that are going on! Elaine will answer all of your taxing questions and to explain how the stimulus bills will affect the average tax payers and share some last-minute strategies. For instance, your listeners should know that theres still time to take advantage of certain credits that expire and that those taxpayers who took the home buyers credit can file an amended return now and get their credit back without waiting to claim it when they file next year.
Important Tax Issues Facing The Nation:
Extentions, Expiring Tax Cuts Greater need for planning brings taxes to top of mind in October. Its not just about April any more.
Major Taxing Question Up to 25 Million taxpayers may pay more at tax time if legislators fail to act on AMT, & they could owe an additional $3,000-$5,000 in taxes
Tax Cut Dilemma–Extending tax cuts for the middle-class would affect about 98% of Americans
Smith is one of the nations most respected tax experts and researchers. She regularly provides tax insight for all of the major broadcast networks and is a leading consultant for The Tax Institute that researches tax laws and provides unbiased analysis and interpretation of federal & state tax laws.
