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To: CIMA who wrote (16270)8/21/1998 2:48:00 AM
From: Ahda  Read Replies (4) | Respond to of 116791
 
To Laugh or to cry?
biz.yahoo.com

Credit Cards Can Pay U.S. Tax Bills

By CURT ANDERSON
AP Tax Writer

WASHINGTON (AP) -- Beginning next year, the federal government will accept credit cards for
Americans' income tax bills.

Although taxpayers will be charged a yet-to-be-determined ''convenience fee'' for the privilege, the
Internal Revenue Service hopes the move will encourage more people to file returns electronically.
About 24.5 million did so this year.

''Our responsibility, we believe, is to give folks the widest possible array of payment options,'' said
Steve Holden, the national electronic program director at the IRS. ''Many consumers will find it
convenient to use their credit cards.''

One major question is whether Visa International -- the world's largest credit card issuer -- will get
on board. Company officials there will decide this fall whether to give the program a try.

Under the plan, taxpayers next year will be able to pay IRS bills two ways with credit cards:

--Holders of MasterCard, American Express (NYSE:AXP - news), Discover -- and possibly Visa
-- cards will be able to charge their balances due by calling a toll-free number. It won't matter
whether the tax returns are done manually, through a paid preparer, or electronically. This phone
system is being run by US Audiotex of San Ramon, Calif.

--Holders of Discover or Private Issue cards issued by Novus Services Inc., using Intuit's popular
TurboTax or MacInTax preparation software, will be able to complete and file their returns and pay
their taxes using personal computers.

In both cases, taxpayers will be charged fees for the service based on the size of their tax bills.
Officials at Audiotex and Novus said they have not determined how much the fees will be or how
they will be calculated.

But one factor in how those fees are determined is whether Visa will join the other card issuers on
the Audiotex system.

Visa, with about 600 million cards in circulation, wants taxpayers to be charged a flat fee rather than
a fee based on the tax bill -- an arrangement Audiotex believes would cost it money, said Steve
Johnson, Audiotex senior vice president.

Visa officials did not immediately return calls seeking comment Thursday. Johnson, however, said
the company's board of directors is likely to vote in October on whether to try the program.

Many believe Visa, which has about half the U.S. credit card business, will find it difficult to ignore
such a potentially huge market.

''There's too many chips on the table for them not to do it,'' said Frank O'Leary, treasurer in
Arlington County, Va., which had the first credit-card taxpaying system in the country.

The IRS previously was hamstrung in setting up such a payment system for federal tax bills because
of the issue of fees that merchants normally pay to credit card issuers.

In the 1997 tax reform law, Congress said the federal government should not pay such fees, which
forced the IRS to implement the floating-scale plan that shifts the fees to taxpayers.

In Arlington County, the credit-card system has proved popular for paying property and personal
taxes, O'Leary said. About 10 percent of the suburban county's taxpayers used credit cards in
1997, the plan's first full operational year.

For tax collectors, less paper is cheaper. Credit card transfers occur much more quickly and reduce
the need for extended business hours or extra personnel to process thousands of last-minute returns.

Also, it won't matter if a tax deadline falls on a weekend.

Some experts worry that taxpayers who already have steep credit-card debt might neglect to save
for their tax bills and simply use the credit method, digging their financial hole deeper.

Taxpayers who can't pay their bills up front now must request an installment arrangement with the
IRS, subject to heavy penalties and interest if they fail to keep up.

''Money management is a big issue. It's clearly not for everyone,'' said Johnson of Audiotex. ''It's
for people who see this as an alternative.''



To: CIMA who wrote (16270)8/21/1998 6:50:00 PM
From: Wizzer  Respond to of 116791
 
Re: Cyrrius report on bombings of Sudan and Afghanistan
--So cynical was the initial Internet response against this military action, the Pentagon sent representatives into the Internet chat rooms to convince doubters that this was an appropriate, responsible and legitimate attack.

Seems like they are grasping at straws. Pentagon reps sent to internet chat rooms???? Ridiculous!

Albright and Berger seemed like two kids saying ," We didn't do anything wrong mommy" Their briefings obviously showed that they knew the media was going to roast them, and knew public opinion would be against them.

The US president continues to act in a self-serving manner, that will ultimately result in his demise as president. He tries to convince his citizens that his actions are "honourable", but more and more "behavioural quirks" seem to be showing up every day. He is risking innocent American lives in the future with the path that he is on, to "save his own ass". They are playing right into the hands of every fanatical and psychotic group or leader in the world.

These actions are "acts of war" against nations. The Afghanistan attack was not in a central location, but the Sudan attack was the capital city of a country. I saw people in an African nation (don't remember which one) trashing an abandoned US embassy. I feel sorry for what will happen to regular American citizens that are abroad.