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Extension of Time to File Your Tax Return

Blogged By: 
MBDA
Created on April 11, 2013
 

Can’t File By April 15?

There are three ways you can request an automatic extension of time to file a U.S. individual income tax return: (1) you can electronically file Form 4868 (PDF), Application For Automatic Extension of Time To File U.S. Individual Tax Return; (2) you can pay all or part of your estimate of income tax due using a credit or debit card or by using the Electronic Federal Tax Payment System (EFTPS); or (3) you can file a paper Form 4868 by mail.

If you file your Form 4868 electronically you will receive an acknowledgement or confirmation number for your records and you do not need to mail in Form 4868. If you need to pay additional taxes when filing Form 4868 electronically, you may do so through the outside service provider or through e-file. You can refer to your tax software or tax professional for ways to file electronically using e-file services. Several companies offer free filing of Form 4868 through the Free File program that you can access on the IRS.gov website. If you wish to file electronically, be sure to have a copy of last year's tax return. You will be asked to provide the adjusted gross income (AGI) from the return for taxpayer verification.

ACE Tool Helps U.S. Businesses Fully Assess the Advantages of Manufacturing and Sourcing In America

Blogged By: 
Mark Doms, Under Secretary of Commerce for Economic Affairs
Created on April 10, 2013
 

I have the pleasure of meeting frequently with business owners from across the country. They talk about where their challenges are in growing and sustaining their businesses, and they also talk about how locating production abroad hasn’t always turned out as well as they had hoped. Not surprisingly, during our current economic recovery and expansion, news reports and private consultants have repeatedly echoed that thinking. Increasingly we hear that U.S. companies that previously took their operations or supply chains overseas are now reshoring or insourcing─bringing operations and supply chains back home to America.

To help continue that momentum, the Department of Commerce today published a new tool to help inform manufacturing firms’ location decisions. The Assess Costs Everywhere (ACE) tool outlines the wide range of costs and risks associated with offshore production, and provides links to important public and private resources, so that firms can more accurately assess the total cost of operating overseas. ACE also shares case studies of firms that reversed their decisions to locate offshore once the full range of costs became clear.

Minority Business Development Agency Opens Shop at State’s Indian Affairs Department

Blogged By: 
MBDA
Created on April 4, 2013
 

The Minority Business Development Agency (MBDA) held a ribbon cutting ceremony today to announce the creation of a new business center to be housed at the State of New Mexico’s Indian Affairs Department (IAD).  The Center received $1,275,00 from the MBDA for five years to work with New Mexico tribes. The Santa Fe Center, in collaboration with the IAD, will assist the Native American Business Community in New Mexico in three basic areas: (1) client services; (2) program promotion and advocacy; and (3) operational and performance management.

Ted Pedro, the Center’s Project Director added that, “These components are designed to identify immediate and long-term client needs and expectations, establish projected growth tracks, implement targeted plans of action for increasing size, scale and capacity, provide strategic referrals, increase exposure and visibility of the MBDA Business Center program, and to maintain the quality of center operations while promoting the achievement of our client’s outcomes.” View event photos below.

Honoring the Memory of Ron Brown

Created on April 4, 2013
 

The following blog post was written by U.S. Commerce Deputy Secretary Rebecca Blank and Special Assistant to the President and Director of the White House Office of Social Innovation and Civic Participation Jonathan Greenblatt.

Ron BrownToday, we honor the anniversary of the passing of former U.S. Secretary of Commerce Ron Brown. Secretary Brown was a dedicated public servant whose untimely death during a trade mission to Croatia on April 3, 1996 ended his life far too soon. His vision continues to be important and today’s work at the Department of Commerce builds on his legacy. 

Secretary Brown served his country in Korea as a soldier in the U.S. Army and in the halls of Congress as chief counsel to the Senate Judiciary Committee. He also broke down barriers – becoming the first African American chairman of the Democratic National Committee and the first African American to serve as U.S. Secretary of Commerce. In this latter role, he made perhaps his largest impact.

A Chance to Comment on Commerce’s Report on Cybersecurity Incentives

Blogged By: 
MBDA
Created on April 1, 2013


As part of the Executive Order  signed by President Obama last month directing agencies to use their existing authorities and work with the private sector to better protect our nation’s power, water, and other critical systems, the Commerce Department is preparing a report on ways to incentivize companies and organizations to improve their cybersecurity.  To better understand what stakeholders –  such as companies, trade associations, academics and others – believe would best serve as incentives, the Department has released a series of questions to gather  public comments in a Notice of Inquiry published today.

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