quarterly tax

[Doug Mahard]

Hi Terry,

Thanks for the info, but after checking on the fee schedule for me - I'll
pass.  A couple hundred bucks I'd rather have then give it to some corp.
trying to make my life easier.  Besides it's fairly easy to process as it is
now.
Every check or cash that I get I immediately withdraw a certain percentage
for taxes and deposit it in a separate checking account.  Come my quartly
payment I feel in the preprinted voucher with the amount, paste a .33 cent
stamp on the envelope the IRS provided and away it goes.

I much prefer to take as an expense .33 cents then $300.00 paid to some
processing house that could very easily embezzle your tax payment.  I'm sure
they are a reputable firm, but this does happen.
The IRS will coming knocking for their payment and penalties even though you
sent the money to the processing company.

Maybe I'm a little paranoid, but this actually happened just recently in
Litchfield County. $11,000,000.00 was embezzled over a number of years by
one guy running three different payroll companies.  The companies and non
profit organizations had to pony up the back taxes with penalties all over
again.  Sadly, some companies will be closing their doors.  Here is the
kicker, the guy got off with 6 months in a boot camp.  He has to repay the
$11 mil, but the judge says it was a token gesture and no one should be
expecting a pay back.
----- Original Message -----
From: Charly Tuner <charly_tuner@hotmail.com>
To: <pianotech@ptg.org>
Sent: Sunday, March 12, 2000 12:49 AM
Subject: quarterly tax


> Hi all,
>
> I'm sure many of you are already aware, but for those who may not be,
> starting this year we can now pay our quarterly tax estimates by PHONE!
Yup,
> there's a toll-free 800 number (Complete info below) that let's you pay by
> credit card, and they give you a confirmation number...that's it--NO
> PAPERWORK REQUIRED! Until April 2001 that is. Anyway, I think this is a
> pretty cool development. What do you think?
>
> Terry
>
>
> >>Payment by Credit Card
> Beginning March 1, 2000, you can generally
> pay part or all of your estimated tax by using
> a credit card (American Express Card,
> MasterCard, or Discover Card). To do
> this, call 1 -888 -272 -9829 (1-888-2PAY
> -TAX), toll-free. Based on the amount of your
> payment, you will be charged a convenience
> fee. The IRS will not receive this fee. You will
> be told the amount of the fee during the call.
> Then, you will have the option to continue or
> cancel the call. You can also look up the
> amount of the convenience fee on the Internet
> at www.8882paytax.com .
> If you decide to continue, you will be given
> a confirmation number at the end of the call.
> Make a record of the confirmation number.
> Do not include the amount of the conven-ience
> fee as part of the estimated tax pay-ment.
> There is nothing to send in when you
> pay by credit card.>>
>
>
>
>
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