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Thousands of corporate law firm e-stores now thrive on the Web, providing people with a way to purchase goods and services electronically. For small businesses, the Internet can deliver a global market. Depending on which survey you believe, that may be more than 350 million people, with another 500 million Internauts projected over the next few years. If the demographics of the online community match your corporate law firm customer profile, that's a lot of potential new business. While the potential is there, however, challenges loom large.

Remember, it takes time for people to adopt to new technology and modes of transactions. Many people remain reluctant to give out their credit card numbers over the Internet for corporate law firm purchases. But most analysts project healthy growth for corporate law firm online sales, especially as security issues are addressed.

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Strategist Advises IRS Extensions Due to National Tragedy

 by: ARA Content

(ARA) - Taxpayers and companies whose deadline for tax returns was September 17th or in coming weeks, are being granted extensions by the IRS due to the national tragedy which disrupted lives as well as flight delivery and mail services.

According to CPA and tax strategist Diane Kennedy of TaxCents, a tax education company that helps people make informed tax-advantaged financial decisions from a position of power and knowledge, "With heavy hearts, as we proceed to get back to business as usual, it's important for taxpayers to be aware of the IRS's granting of filing extensions for three categories of people affected by the terrorist attack and the tax filing relief for each." Specific updated information can be found at www.legaltaxloopholes.com. IRS categories are:

  • Special extensions for (1) victims of the crash, (2) all workers assisting in the relief, and (3) taxpayers who are working within the disaster area:

    1. Individual returns on extensions past September 10, 2001 are extended to February 12, 2002.

    2. All other returns extended 120 days.

    3. Estimated taxes originally due after September 11, 2001 extended to January 15, 2002.

  • Taxpayers experiencing difficulties because of disruptions in delivery systems in these areas will receive the following extensions:

    1. Tax returns due now are extended to November 15, 2001.

    2. Payments for these tax returns are due by October 31, 2001.

    3. Estimated tax payments have been extended to November 15, 2001.

  • The third category of affected taxpayers is the broadest and defined as "taxpayers who, regardless of their location, are continuing to experience difficulties in meeting their filing and tax payment requirements on account of events related to the September 11, 2001 terrorist attack."

    1. All tax returns and payment of estimated taxes due September 10, 2001 thru September 24, 2001 has been extended to September 24, 2001.

Diane Kennedy, CPA and tax strategist, is co-owner of TaxCents, a tax education company designed to encourage individuals to make informed tax-advantaged financial decisions from a position of power and knowledge. At www.legaltaxloopholes.com TaxCents offers books, tapes, seminars and the latest in what's hot in tax loopholes. Kennedy is author of "Loopholes of the Rich: How The Rich Legally Make More Money & Pay Less Tax." TaxCents can be reached at (866) TAXCENTS.

About The Author

Courtesy ARA Content, www.ARAcontent.com; e-mail: info@ARAcontent.com

EDITOR'S NOTE: For more information, contact Sherri Klein, APR, at (203) 323-2600 or Diane Kennedy, CPA, at (866) TAXCENTS.

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