2011 Changes Offer Tax Benefits to Almost Everyone; Special Tax Payment and Reporting Requirements Apply to Many

By |2012-01-07T15:54:27-05:00January 7th, 2012|Corporate Income Tax, Individual Income Tax|

Source: http://www.irs.gov/newsroom/article/0,,id=251837,00.html FS-2012-01, January 2012 Two Extra Days to File and Pay Taxpayers across the nation will have until Tuesday, April 17, 2012, to file their 2011 income tax returns and pay any taxes due. Taxpayers have extra time because April 15 falls on Sunday, and Emancipation Day, a holiday [...]

IRS Expands and Makes Permanent Its Compliance Assurance Process (CAP) for Large Corporate Taxpayers

By |2011-04-19T02:03:55-04:00April 19th, 2011|Corporate Income Tax|

Source: IRS.gov WASHINGTON — Internal Revenue Service officials announced today that the six-year-old Compliance Assurance Process (CAP) pilot program for large corporate taxpayers is being expanded and made permanent. “This marks another important step in our evolving relationship with corporate taxpayers,” said IRS Commissioner Doug Shulman. “Through greater cooperation and [...]

IRS Expands Use of Electronic Payments, Discontinues Paper Coupons

By |2010-08-23T12:58:49-04:00August 23rd, 2010|Corporate Income Tax, Individual Income Tax, Tax Payments|

Source: Journal of Accountancy, AICPA August 21, 2010 The IRS has issued proposed regulations that would eliminate paper coupons for deposits of employment taxes, corporate income and estimated taxes, and many other taxes (REG-153340-09). The paper coupon payment system will be shut down at the end of this year. With [...]

Starting in 2012, New law requires 1099s for goods, not just services

By |2010-07-08T11:11:10-04:00July 8th, 2010|Corporate Income Tax, News Articles|

Small businesses, charities face more reporting rules By Sandra Block, USA TODAY July 8, 2010 A little-known provision in the health care reform law could significantly increase tax recordkeeping requirements and costs for nearly 40 million self-employed workers, small businesses and charities, the IRS' national taxpayer advocate said Wednesday. Starting [...]

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