What Would YOUR Favorite Celeb Do To Facebook?

Hat Tip to Outright for this great Infographic!

celebrity changes to Facebook Infographic
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Tax Extensions 101 from Outright.com

Tax Extensions 101 from Outright.com

This post is brought to you by Outright.com, the easiest way to manage your business finances online.

Selling online is a job upon itself…obviously. But what makes even the most hardy ecom pros question their life’s work every now and then? Taxes, of course – especially if you can’t seem to get everything done on time.

One thing you not usually associated with the IRS, though, is ease of use and accommodation. However, if needed a little extra time to get your tax forms filled out is your major malfunction, you’re covered. The IRS has seen this problem time and time again and that’s why they allow for tax extensions.

A tax extension doesn’t just provide you with a few days or weeks, either – it’s good for six months. Even better, the vast majority of extensions are automatically granted, meaning you have very little work to do to get a little extra time for your income taxes!

How to File a Tax Extension

The form you need to file for a tax extension is Form 4868, otherwise known as the “Application for Automatic Extension of Time to File US Individual Income Tax Return.” You can print it from the link provided above or you can find it where you find other tax forms, such as your post office or library.

The form only has a few boxes for you to fill out. Simply enter your personal information like name, address, and social security number. Also be sure to include your spouse’s SSN if you’re filing together. Notice you don’t have to provide any explanation regarding filing for an extension. It’s none of the IRS’s business and they stay out of it!

Now, next to the personal info, you’ll see boxes to enter how much you owe. You may wonder how you’re supposed to tell them how much you owe before you’ve actually filled out your tax forms. However, all you have to do is give an estimate of how much you owe. (Try Outright.com if you’re totally unsure.)

After Filing an Extension

There’s one caveat to filing a tax extension – you still owe your amount due by Tax Day, which is April 17th this year. In this case, if you send in an estimated payment after filing a tax extension, your payment more than likely isn’t going to be precisely, down-to-the-cent correct. After taking in deductions and other changes, you’ll either owe less or maybe even get a refund. In this case, upon filing within six months, you’ll send in more money or receive a check.

No matter your situation and why you filed for an extension, make sure to use this time properly. Get all your papers in order and go over every document you previously filled out.

Also, be sure you don’t delay too long! Sure an extension gives you an extra six months, but that deadline is not one to be missed. After that, the IRS is really going to start digging into your business like they didn’t before. So get everything done as soon as you possibly can after you’re granted more time.

Need to make tax time a little less taxing? Sign up for a free Outright.com account today!

ECC Radio February 20, 2012 – Shiran Kleidman 3D Sellers & Steven Aldrich of Outright

 


Join us tomorrow for 2 exciting interviews.

 1st is Shiran Kleiderman of 3D sellers, a  new company (started in June 2010) creating tons of fantastic Apps for  eBay Sellers. 3DSellers also has an App for Wanna be Amazon sellers called  ‘Export Your  Store’.

3D SellersWe are also privileged to speak with Steven  Aldrich, CEO of Outright tomorrow to get an update about CHANGES to the new 1099Ks just announced.and W

Outright

R U A new FBA Seller? Or are you trying to teach friends and family members? This new book by  Cynthia Stine is the Perfect answer! In addition, it comes bundled with a FREE copy of Retail Arbitrage by Chris Green and a full MONTH of FBA Power.

Cynthia Stine

Tune In and Call In to share your experiences and strategies.
724-444-eBay or 724-444-7444 Call ID 92253

If you haven’t signed up to be on our mailing list yet, you can do so right over here

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eCom Connections

 

Connecticut eBay and eCommerce Sellers Group New Meetup

Connecticut eBay and eCommerce Sellers Group

The Corner Pug

1046 New Britain Ave, West Hartford, CT (map)

 

SELECTED BY: MICHELLE GAUVREAU

Price: $3.00/per person

Refund policy

Special Guest Laura Messerchmitt from Outright will give a tutorial on using this free eBay Application. Over 20,000 eBay sellers use Outright to organize their finances and stay prepared for taxes – FREE.

In 2012, PayPal will be required to report online sales to the government, so it’s more important than ever to get your finances organized. Everyday, automatically, your PayPal, eBay, bank and credit card accounts are organized and all in one place. Outright imports up to 2 full years of sales history, listing and final value fees, even shipping and PayPal fees. Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is? New tax laws this year are affecting eBay sellers. If you’re not careful, you could be seeing an increase in what you have to pay out. But, it doesn’t have to be that way! Come learn about these changes and get tips for getting your taxes prepared with as little hassle as possible. Laura from Outright will be presenting what you need to know about how to get your taxes done. This session is intended for eBay sellers who want the basics without all the jargon – it’s not intended for advanced tax professionals.

Seacoast eBay Sellers Group New Meetup

Seacoast eBay and eCommerce Sellers Group

The Roundabout Diner Lounge

580 US Hwy 1 Bypass The Portsmouth Traffic Circle Portsmouth, NH (map)

 

We will meet in the Private Room – See the Hostess for Location
SELECTED BY: BOBBI

Special Guest Laura Messerchmitt from Outright will give a tutorial on using this free eBay Application. Over 20,000 eBay sellers use Outright to organize their finances and stay prepared for taxes – FREE. In 2012, PayPal will be required to report online sales to the government, so it’s more important than ever to get your finances organized. Everyday, automatically, your PayPal, eBay, bank and credit card accounts are organized and all in one place. Outright imports up to 2 full years of sales history, listing and final value fees, even shipping and PayPal fees.

Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is? New tax laws this year are affecting eBay sellers. If you’re not careful, you could be seeing an increase in what you have to pay out. But, it doesn’t have to be that way! Come learn about these changes and get tips for getting your taxes prepared with as little hassle as possible.  Laura from Outright will be presenting what you need to know about how to get your taxes done. This session is intended for eBay sellers who want the basics without all the jargon – it’s not intended for advanced tax professionals.

$1.00 Donation per person

First Anniversary Show! Be There to Share and WIN!

It’s OUR Anniversary and YOU get the prizes!  Join us tomorrow from 1 – 2 PM EST as we return from our short Hiatus and start our 2nd year of broadcasting.  ALL are invited to call in and share their thoughts on 2011 and what they think 2012 will hold for eCommerce.

Some past guests and current and past sponsors have pledged prizes – which will ALL be given to those IN THE CHAT ROOM tomorrow!

 

First up, TWO signed copies of Chuck Hester’s New Book, ‘Linking In to Pay It Forward’

And then . . . . I copy of Sue West’s New book, Organize For a Fresh Start: Embrace Your Next Chapter in Life“ 

And Then . . . One FULL YEAR of Outright Plus – the premium membership plan!

 

And Then . . .

3 Line Straight Vinyl Vehicle Lettering

Appealing Signs!

 

 

And Finally . . . . .

Two prizes from Stamps.com and our friend Eric Nash

A FULL YEAR of Stamps service – FREE

AND

a 25 Lb Digital Scale!!!

 

 

 

eBay Sellers of the Bay Area Sponsor San Francisco Meetup

SF Edition: Tax Laws Have Changed-Learn How to Prepare W/ Experts from Outright!

Selected By: Chris Taylor

Schlesinger Associates
150 California St # 8, San Francisco, CA
(map)

This is the same meetup announced earlier except we’re going to replicate it in San Francisco. Details:

Get Ready, eBay Sellers: Tax Laws Have Changed!

Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is?

New tax laws this year are affecting eBay sellers. If you’re not
careful, you could be seeing an increase in what you have to pay out.
But, it doesn’t have to be that way! Come learn about these changes and
get tips for getting your taxes prepared with as little hassle as
possible.

Laura and Ryan from Outright will be presenting what you need to know
about how to get your taxes done. This session is intended for eBay
sellers who want the basics without all the jargon – it’s not intended
for advanced tax professionals.

This is our first San Francisco session. I hope we get a good turnout
and can do regular SF meetups. NOTE: seating is limited so sign up
early. Based on the number of attendees we’ll determine if we need a
bigger venue moving forward.

Cheers, Chris

eBay Sellers of the Bay Area New Meetup with Outright

Tax Laws Have Changed – Learn How to Prepare With Experts from Outright!

Selected By: Chris Taylor
PayPal (TownHall Bldg)
2211 North 1st Street, San Jose, CA
Get Ready, eBay Sellers: Tax Laws Have Changed!

Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is?

New tax laws this year are affecting eBay sellers. If you’re not
careful, you could be seeing an increase in what you have to pay out.
But, it doesn’t have to be that way! Come learn about these changes and
get tips for getting your taxes prepared with as little hassle as
possible.

Laura and Ryan from Outright will be presenting what you need to know
about how to get your taxes done. This session is intended for eBay
sellers who want the basics without all the jargon – it’s not intended
for advanced tax professionals.

Selected By: Chris Taylor

PayPal (TownHall Bldg)

2211 North 1st Street, San Jose, CA

(map)

Selected By:

Chris Taylor

Get Ready, eBay Sellers: Tax Laws Have Changed!

Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is?

New tax laws this year are affecting eBay sellers. If you’re not
careful, you could be seeing an increase in what you have to pay out.
But, it doesn’t have to be that way! Come learn about these changes and
get tips for getting your taxes prepared with as little hassle as
possible.

Laura and Ryan from Outright will be presenting what you need to know
about how to get your taxes done. This session is intended for eBay
sellers who want the basics without all the jargon – it’s not intended
for advanced tax professionals.

 

Selected By: Chris Taylor

PayPal (TownHall Bldg)

2211 North 1st Street, San Jose, CA

(map)

Selected By:

Chris Taylor

Get Ready, eBay Sellers: Tax Laws Have Changed!

Did you know that Paypal is going to be sending 1099k forms to certain eBay sellers this year? Do you know what a 1099k form is?

New tax laws this year are affecting eBay sellers. If you’re not
careful, you could be seeing an increase in what you have to pay out.
But, it doesn’t have to be that way! Come learn about these changes and
get tips for getting your taxes prepared with as little hassle as
possible.

Laura and Ryan from Outright will be presenting what you need to know
about how to get your taxes done. This session is intended for eBay
sellers who want the basics without all the jargon – it’s not intended
for advanced tax professionals.

 

Oct 5 – Breaking News from Outright

Breaking News With Outright

Guest Outright.com CEO

Outright FREE Plan announced

Today Karen & I were privileged to interview the new CEO of Outright.com (Accountingn Software for Small Business), Steve Aldrich. Follow Steve on Twitter.

Listen to the Interview TS-543976

 

Outright’s new announcement – they are now going to have both a FREE and a PAID version!

The current level of Outright account that current customers are using is being re-labeled as ‘Outright Plus’ and will continue to cost $9.95 per month.

New customers will sign up for the basic Outright plan, which will not include all the options available in the paid plan.

New customers will, however, have access to the Tax Functionality of the paid plan for the 2011 tax year. This is a bonus for those new users.

The basic service is intended for smaller, casual sellers, who don’t need all the functionality of the current Outright product. The new, Outright Plus product will include these three upgraded items that will not be in the free version:

  1. Tax functionality
  2. Unlimited history and reports
  3. Bonus support options
If you are currently using the paid version of Outright and think you belong on the free version, please contact Outright support.
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