December 30, 2015
The IRS has issued a two-month extension for employers and issuers to provide individuals with forms reporting on offers of health coverage and coverage provided. The new deadline is March 31, 2016.
December 28, 2015
Calls for federal income tax cuts are a time-honored tradition by presidential candidates of all stripes, but the Tax Policy Center study says that Trump’s plan dwarfs the proposals made by other GOP contenders.
December 26, 2015
Nine in 10 retailers surveyed (91.9%) said they have experienced the return of stolen merchandise, similar to last year’s 92.7 percent. Wardrobing, or the return of used, non-defective merchandise , also presents a unique challenge year after year for ...
December 23, 2015
Whether a business is incorporated and files returns as an entity, or is an LLC and the owner files a Schedule C with their personal 1040 income tax return, there are many potential areas for errors, from misreporting income or expenses, to missing ...
December 22, 2015
WOTC is a tax incentive program designed to encourage employers to hire and retain individuals from specific target groups with employment barriers. These groups include Veterans of War (VOW), Empowerment Zone residents, welfare and food stamp ...
December 22, 2015
The Internal Revenue Service says that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2016, as they were in the previous quarter.
December 22, 2015
TIGTA initiated this audit because an IRS employee reported to the TIGTA Office of Investigations that the IRS was not working some taxpayer cases in which refunds were held. The Office of Investigations identified that the IRS did not timely address ...
December 22, 2015
Following a review of the tax extenders legislation signed into law this week, the Internal Revenue Service says that tax season will begin as scheduled on Tuesday, Jan. 19, 2016. The IRS expects to receive more than 150 million individual returns ...
December 21, 2015
The PATH Act makes more than 20 tax breaks permanent in addition to retroactively extending a slew of others for two or more years. Here’s a roundup of the key individual, business and miscellaneous provisions in the new measure.
December 20, 2015
This IRS Form 1099-Misc is for reporting income received from Jan. 1 to Dec. 31, 2015, which the recipient will file a tax return for in 2016.
December 20, 2015
This IRS Form W-2 is for reporting income earned during Jan. 1 to Dec. 31, 2015, which the employee will file a tax return for in 2016.
December 20, 2015
When will you get your income tax refund? If you're one of the millions of Americans who are asking that question (or will be in the coming weeks), we have the answer. It depends on a couple of factors, but the good news is that there are several ...