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Netscape Corporation has created the best known secure server technologies. It uses a security protocol called Secure Sockets Layer (SSL) that provides data encryption, server authentication, message integrity and optional client authentication for a TCP/IP connection. When a client seeking to purchase parts training connects with a secure server, they exchange a *handshake* which initiates a secure session. With this protocol, the same server system can run both secure and unsecured web servers simultaneously. This means an parts training organization or company can provide some information to all users using no security, and other information that is secured. For example, a business that sells parts training online can have its storefront (merchandise catalog) unsecured, but ordering and payment forms can be secure.

Why are these developments important? As the Internet becomes a way to buy and sell parts training products and services, financial transactions become essential. Right now, most parts training transactions involve the exchange of credit card information, either directly over the network, or by phone, to complete a transaction initiated online. Eventually, you will be able to use cash as well as credit, directly over the network.

There are two basic kinds of digital cash, anonymous cash and identified cash. Anonymous cash is just like paying for parts training with paper cash but it also carries no information about the person making the transaction, and leaves no transaction trail. You create it by using numbered bank accounts and blind signatures. Identified cash, on the other hand, contains information revealing the identity of the person who withdrew it from the bank. Like credit card transactions, identified cash can be tracked as it moves through the system and involves fully identified accounts and non-blind signatures. Whether you use digital cash when purchasing parts training is entirely up to you. We suggest you employ the purchasing avenues available from the parts training supplier we recommend.

Strategist Advises IRS Extensions Due to National Tragedy

 by: ARA Content

(ARA) - Taxpayers and companies whose deadline for tax returns was September 17th or in coming weeks, are being granted extensions by the IRS due to the national tragedy which disrupted lives as well as flight delivery and mail services.

According to CPA and tax strategist Diane Kennedy of TaxCents, a tax education company that helps people make informed tax-advantaged financial decisions from a position of power and knowledge, "With heavy hearts, as we proceed to get back to business as usual, it's important for taxpayers to be aware of the IRS's granting of filing extensions for three categories of people affected by the terrorist attack and the tax filing relief for each." Specific updated information can be found at www.legaltaxloopholes.com. IRS categories are:

  • Special extensions for (1) victims of the crash, (2) all workers assisting in the relief, and (3) taxpayers who are working within the disaster area:

    1. Individual returns on extensions past September 10, 2001 are extended to February 12, 2002.

    2. All other returns extended 120 days.

    3. Estimated taxes originally due after September 11, 2001 extended to January 15, 2002.

  • Taxpayers experiencing difficulties because of disruptions in delivery systems in these areas will receive the following extensions:

    1. Tax returns due now are extended to November 15, 2001.

    2. Payments for these tax returns are due by October 31, 2001.

    3. Estimated tax payments have been extended to November 15, 2001.

  • The third category of affected taxpayers is the broadest and defined as "taxpayers who, regardless of their location, are continuing to experience difficulties in meeting their filing and tax payment requirements on account of events related to the September 11, 2001 terrorist attack."

    1. All tax returns and payment of estimated taxes due September 10, 2001 thru September 24, 2001 has been extended to September 24, 2001.

Diane Kennedy, CPA and tax strategist, is co-owner of TaxCents, a tax education company designed to encourage individuals to make informed tax-advantaged financial decisions from a position of power and knowledge. At www.legaltaxloopholes.com TaxCents offers books, tapes, seminars and the latest in what's hot in tax loopholes. Kennedy is author of "Loopholes of the Rich: How The Rich Legally Make More Money & Pay Less Tax." TaxCents can be reached at (866) TAXCENTS.

About The Author

Courtesy ARA Content, www.ARAcontent.com; e-mail: info@ARAcontent.com

EDITOR'S NOTE: For more information, contact Sherri Klein, APR, at (203) 323-2600 or Diane Kennedy, CPA, at (866) TAXCENTS.

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