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October 15th Deadline Remains in Effect for Taxpayers Who Requested a Six-month Extension to File Tax Return

By |2013-10-08T21:36:59-04:00October 8th, 2013|Individual Income Tax, News Articles|

The Internal Revenue Service today reminded taxpayers that the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. The current lapse in federal appropriations does not affect the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. [...]

IRS Allows Same-Sex Married Couples Benefits Under Tax Code — Retroactive to 2010

By |2013-08-29T17:16:30-04:00August 29th, 2013|Earned Income Tax Credit, Individual Income Tax, News Articles| Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, [...]

IRS To Accept Returns Claiming Education Credits by Mid-February

By |2013-01-29T12:19:41-04:00January 29th, 2013|Individual Income Tax, News Articles|

Source: WASHINGTON - As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the middle of February. Taxpayers using Form 8863, Education Credits, can begin filing [...]

Impending tax cliff makes business succession tax planning critical

By |2012-11-09T10:47:02-04:00November 9th, 2012|Employers, News Articles|

Source: A taxing situation: Tax strategy and family business succession planning The time for family business owners to act is now. November 8, 2012 by Jim Fitts and John Weeks Succession planning is one of the most challenging and complicated concerns family business owners face. Succession planning can be difficult [...]

Tax Relief for Victims of Tropical Storm Debby in Florida

By |2012-07-13T17:11:23-04:00July 13th, 2012|Home Owners, Individual Income Tax, News Articles|

Source: FL-2012-07, Jul. 5, 2012 PLANTATION — Victims of tropical storm Debby that began on June 23, 2012 in parts of Florida may qualify for tax relief from the Internal Revenue Service. The President has declared Baker, Bradford, Clay, Columbia, Duval, Franklin, Hernando, Highlands, Nassau, Pasco, Pinellas Suwannee, Union [...]

IR-2010-089: IRS Removes Debt Indicator for 2011 Tax Filing Season

By |2010-08-05T16:07:04-04:00August 5th, 2010|Individual Income Tax, News Articles|

IRS Issue Number:    IR-2010-089 Inside This Issue WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs). “As we prepare for [...]

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 [...]