/Corporate Income Tax

2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns due April 18

By |2016-12-09T16:57:44+00:00December 9th, 2016|Affordable Care / ObamaCare, Corporate Income Tax, Earned Income Tax Credit, Individual Income Tax|

Source: IRS.gov WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017 and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds.   The IRS will begin accepting electronic tax returns that day, with more than 153 [...]

IRS Grants Tax Relief Extension to Drought-Stricken Farmers, Ranchers; 37 States and Puerto Rico Affected

By |2016-10-11T15:43:54+00:00October 11th, 2016|Corporate Income Tax, Individual Income Tax, News Articles|

Source: IRS.gov If you are a farmer or rancher forced to sell your livestock because of the drought that affects much of the nation, special IRS tax relief may help you. The IRS has extended the time to replace livestock that their owners were forced to sell due to drought. [...]

New Policy: Unused Taxpayer ID Numbers Will Expire after Five Years

By |2014-07-31T16:22:01+00:00July 31st, 2014|Business Start-Ups and Closures, Corporate Income Tax, Employers|

original article: http://www.daszkalbolton.com/index.php?src=gendocs&ref=NewPolicy-UnusedTaxpayerIDNumbersWillExpireAfterFiveYears#.U9pXSPldXgs Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the IRS recently announced. In order to give all interested parties time to adjust to the new policy, the IRS added that it will not begin deactivating ITINs [...]

Tax Changes for 2014

By |2014-01-12T14:06:30+00:00January 12th, 2014|Corporate Income Tax, Employees, Employers, Foreign Income and Accounts, Health Care Reform, Individual Income Tax|

Welcome 2014! As the new year rolls around, it's always a sure bet that there will be changes to the current tax law and 2014 is no different. From health savings accounts to retirement contributions and standard deductions, here's a checklist of tax changes to help you plan the year [...]

IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013

By |2012-09-05T16:07:27+00:00September 5th, 2012|Corporate Income Tax, Individual Income Tax|

source: IRS.gov Podcast Disaster Assistance: English | Spanish WASHINGTON –– The Internal Revenue Service is providing tax relief to individuals and businesses affected by Hurricane Isaac. Following recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in Louisiana and [...]

IRS Issues Rules for Providing K-1s Electronically

By |2012-02-20T15:40:27+00:00February 20th, 2012|Corporate Income Tax, Forms, Individual Income Tax|

Source: IRS.gov WASHINGTON — The IRS today issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients. Certain entities, such as partnerships, are required annually to file K-1s with the IRS and provide a copy to [...]