ADVISORY/Experts Available to Discuss Filing for an Extension on Taxes.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: Taxpayers who cannot meet Tuesday's midnight deadline can get for a four-month extension, but must pay 90 percent of their taxes by April 15 to avoid being penalized pe·nal·ize tr.v. pe·nal·ized, pe·nal·iz·ing, pe·nal·iz·es 1. To subject to a penalty, especially for infringement of a law or official regulation. See Synonyms at punish. 2. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by The Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. . The Internal Revenue Service anticipates more than 8.5 million people will file for the extension. Experts advise those who cannot pay their taxes to still file a return or an extension as the penalties for filing late can be far worse than the penalty for making late tax payments. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Diane Kennedy, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and tax strategic for TaxCents, educates and empowers individuals and corporations, positioning them to legally, morally and ethically minimize their tax obligations through easy to apply (for every American) tax tips. Her credo is that millions of hardworking Americans can enjoy more of the same type of financial freedom as the wealthy, if they only knew how to better play by IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. rules. Her straight-shooting yet amiable manner on advising tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. is a fresh approach in what is a necessary, and intimidating, task to many. PR: Sherri Klein, 203-323-2600, sklein@kleincomm.com Professor William A. Klein, of the University of California, Los Angeles UCLA comprises the College of Letters and Science (the primary undergraduate college), seven professional schools, and five professional Health Science schools. Since 2001, UCLA has enrolled over 33,000 total students, and that number is steadily rising. , School of Law, is an expert regarding law and tax planning. 310-825-1485, 310-825-4321 (University PR Phone) Professor Bill Thomas, of Baylor University School of Business, can share his expertise on subjects such as taxation, auditing and financial accounting. 254-710-4924, 254-710-1011 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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