Five Tips to Avoid Tax Time Stress

Monday is the filing deadline for corporate returns--since the 15th falls on a weekend the deadline is moved to Monday, March 16th. For partnerships and individuals the deadline will be Wednesday, April 15th--no reprieves for the rest of us. So just in time to ease our tax frustration our friends at the IRS released the Tax Tips shown below.


Are you looking for ways to avoid the last-minute rush for doing your taxes? Here are some stress-relieving tips to help you.

1. Don’t Procrastinate – Resist the temptation to put off your taxes until the very last minute. Your haste to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.

2. Visit the IRS Online – In 2008, there were more than 330 million visits to IRS.gov. Anyone with Internet access can find tax law information and answers to frequently asked tax questions.

3. File Your Return Electronically – Nearly 90 million taxpayers filed their returns electronically in 2008. Aside from ease of filing, IRS e-file is the fastest and most accurate way to file a tax return. If you’re due a refund, the waiting time for e-filers is half that of paper filers.

4. Don’t Panic if You Can’t Pay – If you cannot pay the full amount of taxes you owe by the April deadline, you should still file your return by the deadline and pay as much as you can to avoid penalties and interest. You also should contact the IRS to discuss your payment options at 1-800-829-1040. The agency may be able to provide some relief such as a short-term extension to pay, an installment agreement or an offer in compromise. More than 75 percent of taxpayers eligible for an Installment Agreement can apply using the Web-based Online Payment Agreement application available on IRS.gov. To find out more about this simple and convenient process type “Online Payment Agreement” in the search box on the IRS.gov homepage.

5. Request an Extension of Time to File – But Pay on Time If the clock runs out, you can get an automatic six month extension of time to file to October 15. However, this extension of time to file does not give you more time to pay any taxes due. You will owe interest on any amount not paid by the April deadline, plus a late payment penalty if you have not paid at least 90 percent of your total tax by that date. See IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return for a variety of easy ways to apply for an extension. Form 4868 is available at IRS.gov or by calling 800-TAX-FORM (800-829-3676). Taxpayers needing Form 4868 should act soon to be sure they have the item in time to meet the April deadline.

Links:

Official Payments Corporation
Link2Gov Corporation
Electronic filing
Free File
Electronic payment options
Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return (PDF)
Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns

Above courtesy of IRS Tax Tips Issue Number: TT-2009-50

Fiber Sorting Events Calendar

March 28-29, 2009 Seminar/Sort
Saturday - "Fiber Sorting for Maximum Profit" - Presented by Carrie Hull
Sunday - hands on assistance with sorting during shearing
Little Blessings Fiber Farm
79809 Stewart Creek Road
Clatskanie, OR 97016
Contact LaVeta Roberts
Phone: 503-701-1167
littleblessingsalpacas@gmail.com
www.littleblessingsalpacas.com/calendar.htm

April 3 thru 5, 2009
Fiber Symposium at Gaston College Textile Center in Belmont, NC.
Presentation of North American Alpaca Fiber Producers
Presenter: Robyn Kuhl
www.alpacafibersymposium.com/index.html

May 18, 2009
Sorting at Snowy River Alpacas
Colfax, CA
Certified Sorter: Robyn Kuhl
Contact Hailey Parker if you are interested in assisting with shearing.
Phone: 530-346-6885
snowyriver1@earthlink.net
www.snowyriveralpacas.com

June 27, 2009
Seminar: A Good Yarn
Certified Sorter: Carrie Hull
Registration: $50 per person includes course materials, snacks and lunch
Alpacas at Tucker Creek
36281 Tucker Creek Lane
Astoria, OR 97103
Contact Peggy Stevens
Click here for more details
Phone: 877-915-0522 Toll Free
peggy@alpacadigest.com
www.alpacadigest.com

June 28 and 29, 2009
Shearing
Certified Sorter: Carrie Hull
Alpacas at Tucker Creek
36281 Tucker Creek Lane
Astoria, OR 97103
Contact Peggy Stevens
If you are interesting in assisting with shearing please contact us by Friday, June 26th
If you are interesting in watching admission is a non-perishable food item for either the Clatsop County Food Bank or the Clatsop County Animal Control Shelter.
Click here for more details
Phone: 877-915-0522 Toll Free
peggy@alpacadigest.com
www.alpacadigest.com

To learn more about fibersorting and the Certified Sorted method check out these websites www.naafp.us and www.fibersorting.com. As we learn of other events we will post them here.

Annual Shearing Days

Alpacas at Tucker Creek will be shearing on Sunday, June 28th and Monday, June 29th. If that seems a little late in the year to be shearing, check with anyone who was at the farm last year. They will share that Mother Nature did not care what the date was when she scheduled the weather for our very important weekend--it was very reminiscent of winter. So, the executive decision was made to shear later--don't know how much later we can go if this weekend doesn't work out but we are going to try the end of June.

Our annual fiber seminar will be held on Saturday, June 27th--see previous post for details.

Carrie Hull will be our resident certified sorter again this year. Several of the individuals who attended her seminar last year have started the two year apprenticeship program and will be joining her this year.

If you wish to help on either day please contact us no later than Friday, June 26th, so we can finalize our duty roster in advance of the event. Shearing on Sunday will begin at 1:00 pm (or whenever Armando arrives). Shearing on Monday will begin at 8:00 am and will be over whenever Armando is. Note the overriding theme here--it all begins and ends with Armando Victoria.

If you wish to watch the event but not get dirty (and we do tend to get dirty) the cost of admission is a nonperishable food item for the Clatsop Community Action Regional Food Bank or the Clatsop County Animal Control Shelter.

Look forward to seeing you there. It is a lot of work but it is our harvest and it is the culmination of all our year long efforts. And from the alpacas' point of view--they are just thrilled to get rid of all that fiber. Even little ones get shorn--here is a shot of Candy and her mom, Queen Amidala, after her tips were shorn at six days of age--you should come back this year just to see what she looks like now. Absolutely gorgeous!

A Good Yarn

Yarn is the base of all textiles. As a breeder of fiber producing animals, alpaca breeders need to understand how what you do affects this basic building block.

A Good Yarn walks you through how yarns are constructed, why they are constructed the way they are and the affect fiber health and fiber condition has on the yarns produced.

This three hour seminar will be presented by Carrie Hull from Coarse Broads at Alpacas at Tucker Creek in Astoria, OR on Saturday, June 27th as part of our three day shearing event. The cost of the seminar is $50 which includes course materials, continental breakfast and lunch. The cost of the course is included in the mentoring package for any clients of Alpacas at Tucker Creek.

As many of you may recall, 2008 was our first year to include fiber sorting in our shearing process. To say it was a success would be an understatement. In the big scope of things this service is worth so much more than the charge per fleece. Just knowing that by the end of shearing day all of the fiber is ready to go with recommendations for its highest and best use along with details we can use for future breeding decisions--makes us wish we had known about this years ago.

Another sorting event will find Peggy helping Hailey Parker at Snowy River Alpacas on May 18th in Colfax, CA, where Robyn Kuhl will be sorting her fiber. Find an event near you (be it a seminar or shearing event) and see what a huge benefit fiber sorting provides for your farm. A list of events is being compiled and will be posted soon. To learn more about the Certifed Sorted process go to www.naafp.us.

A Llama shares a Starburst

Starburst has a commercial including a llama. Not an alpaca--but still really cute. Sun Tzu would probably do this in a heart beat--but don't think it is a good idea to create such bad behavior in our star herdsire. He is bad enough with carrots.

Just thought you would all enjoy seeing this.

Tax Planning and Business Plans @ Northwest Alpacas

Alpaca Business and Tax Planning

Create Your Own Personal Business and Tax Plan

Instructors: Fred Kraft , Peggy Stevens

Date: Friday, March 20, 2009 Rescheduled for Monday, April 13, 2009

Course Description: Ideally, people who are considering purchasing their first alpacas will take this class before they spend their money. Most successful businesses start with a plan and we will help you create one for the alpaca business. The instructors have many years of experience as successful, profitable alpaca ranchers. (Includes a 10 year personalized business plan.) Click here to enroll.

Fred and Peggy generally present this seminar a couple of times each year. If you are thinking about buying your first alpacas this is a wonderful next step as you plan your operation. If you have been in the business and maybe are not accomplishing what you had hoped come to get a new focus on your business.

Look forward to seeing you there.

The Ohio State University Camelid Neonatal Conference

If you have never attended a neonatal seminar now is the time to attend this one. For those of you who have participated before you might be like me and want to go to one every year. They are incredibly informative and repeat attendance is very reinforcing.

Date & Time:

4/25/2009 8:00 AM

Location:

The Ohio State University

College of Veterinary Medicine

601 Vernon Tharp Street

Columbus, OH 43210

Contact: Office of Veterinary Continuing Education: (614) 292-8727

Course is intended for camelid owners and breeders. This course focuses on the pregnant female camelid and their care. Discussion will include the needs of the pregnant female as they get close to the birthing process. The birthing process (normal) and common problems observed during the later part of pregnancy, during the birthing process and for the first months of the crias life will also be covered along with the care and management of the newborn and its dam, as well as management factors which play a role in raising healthy camelids.

This is my alma mater--so go and enjoy the beauty of one great old university.

GO BUCKS!

As soon as the Veterinary Teaching Hospital at Oregon State University schedules their neonatal seminar the announcement will be posted here. Check back often so you don't miss out.