Business Return Deadline – September 16, 2013
The deadline to file business tax returns is September 16, 2013 if you filed a timely extension and your business is on a calendar year. The penalties can be steep for filing a return after this date.
IRS Warns of Three Tax Scams to Beware of This Summer
Are you thinking about taxes while you’re enjoying the warm summer months? Not likely! But the IRS wants you to know that scammers ARE thinking about taxes and ways to dupe you out of your money. Tax scams can happen anytime of the year, not just during tax season. Three common year-round scams are identity [...]
IRS Recognizes Same Sex Marriages
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that [...]
For Most Truckers, Highway Use Tax Return Due Sept. 3
The Internal Revenue Service has reminded truckers and other owners of heavy highway vehicles that in most cases, their next federal highway use tax return is due on Tuesday, Sept. 3, 2013. This year’s Sept. 3 due date, pushed back three days because the normal Aug. 31 deadline falls on a Saturday, generally applies to Form [...]
IRS Opens Online FATCA Registration System
The Internal Revenue Service announced the opening of a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA). Financial institutions that must register with the IRS to meet their FATCA obligations can now begin the process of registering by creating an account [...]
Tips on Amending Your Tax Return
If you discover an error after you file your tax return, you can correct it by amending your return. Here are 10 tips from the Internal Revenue Service about amending your federal tax return: 1. When to amend a return. You should file an amended return if you need to correct your filing status, number [...]
IRS Offers New Streamlined Option to Certain 501(c)(4) Groups Caught in Application Backlog
Following a review of internal procedures to reduce the backlog of tax-exempt applications, the IRS is offering certain organizations that have applied for 501(c)(4) status a faster, optional method to gain tax-exempt status. The IRS will start mailing about 80 letters this week offering the expedited option to groups that have had their applications pending [...]
Tax Law Provisions of Health Care Law via IRS Website.
IRS Website Explains Tax Provisions of the Health Care Law; Provides Guide to Online Resources The IRS has launched a new Affordable Care Act Tax Provisions website at IRS.gov/aca to educate individuals and businesses on how the health care law may affect them. The new home page has three sections, which explain the tax [...]
Back to School Tax Tips!
Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. • American Opportunity Tax Credit. This credit can be up to $2,500 per eligible student. The AOTC is available for [...]
IRS DELAYS AUGUST 30 FURLOUGH DAY
The Internal Revenue Service is postponing the furlough day scheduled for Friday, Aug. 30 due to its successful ongoing efforts to cut costs. In early September, the IRS will reevaluate the need for an additional furlough day before the federal fiscal year ends on Sept. 30.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]