Tips for Tax Payment Procrastinators
For many accountants, there is a time during tax season, usually right around the first of April, when you know that the clients who have been waiting this long to bring you their tax receipts probably owe money to the IRS and have been waiting as long as possible to make their payment. Some of those procrastinators are hoping you will help them find alternatives to paying the piper.
The article, What to Do if You Can't Pay Your Taxes, describes the penalty situation that taxpayers face if they try to avoid filing their return and making their payment, the penalty relief available under the new Fresh Start program, and a variety of methods for making tax payments. Accountants will want to stay on top of all of these options when laggard tax clients come knocking on the door this month.
Perry is a CPA and a former senior tax accountant with Big Four firm Deloitte. She maintains a small tax practice, she is a personal finance instructor, and the author of thirty books, including Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income (Adams Media); QuickBooks on Demand (Que); Excel 2007 Macros Made Easy (McGraw Hill); The Complete Idiot's Guide to Doing Your Income Taxes (Alpha/MacMillan); and, most recently, Mint.com for Dummies (John Wiley & Sons). In addition, she is a former columnist for the Indianapolis Star and Indianapolis News daily newspapers.
Perry is a nationally recognized speaker who advises public accountants on using Internet tools to improve their accounting practices. She also taught a college-level introductory accounting class and was on staff at the Indiana CPA Society as a computer applications instructor. For five years, she was a contributing editor for Accounting Today magazine before taking over the helm at AccountingWEB.
Perry is a graduate of Indiana University where she earned a bachelor’s degree in journalism. She returned to school to study accounting at Illinois State University, passed the CPA exam (in one sitting!), and worked for Deloitte in the Chicago tax department.
Gail has been named one of the 25 Most Powerful Women in Accounting by CPA Practice Advisor magazine and the American Society of Women Accountants.