December 20, 2015
Printable IRS Form W-2 For 2015 (Taxes To Be Filed in 2016)
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
Chart Shows When Will You Get Your 2016 Income Tax Refund
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 ...
December 20, 2015
2015 IRS Income Tax Tables and Deductions
For tax year 2015 - which Americans must file by April 18, 2016 - the has announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. The tax items for tax year 2015 ...
December 17, 2015
Bill in Congress To Make Many Tax Extenders Permanent
The new “tax extenders” legislation just unveiled by Congress does more than merely extend dozens of expires tax breaks. It also makes several important provisions permanent, with certain modifications, while delaying onerous rules under the Affordable...
December 17, 2015
Explaining Year-End Tax Forms and Reporting Requirements
Now is the time to start thinking about recent tax changes and how they affect your business. Even for the most organized among us, keeping the mountains of tax details straight is a tough and trying task, taking the focus off of the daily ...
December 17, 2015
Bloomberg BNA 2016 Tax Guide Now Available
The Federal Tax Guide offers coverage of a wide range of timely topics most important to tax practitioners as they prepare 2015 returns and plan for the year ahead with new content on health care reform, including individual and employer mandates ...
December 15, 2015
IRS Tries To Require SSNs for Charitable Donations, Congress Acts
New proposed regulations that would permit nonprofit organizations to request Social Security numbers for donations of $250 or more could be stopped dead in their tracks. A new bill introduced in Congress by Senator Pat Roberts (Rep.-KA) would stop ...
December 15, 2015
The Worst Tax Penalties and How to Help Your Clients Avoid Them
There is one tax saving approach we can always assist our clients with, and that is educating them about tax penalties. What follows is a list of the most punitive tax penalties along with simple tips on making sure your clients are never ...
December 13, 2015
IRS Criminal Investigations Report Shows Focus of Agency’s Law Enforcement Side
CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the tax system and compliance with the law. The 50-page report summarizes a wide variety of IRS CI activity ...
December 11, 2015
New Privacy Concerns with ACA Reporting for Businesses with 50+ Employees
Starting this filing season, reporting is mandatory for any company with at least 50 full-time equivalent (FTE) employees.
December 11, 2015
Businesses Face Up to $1 Million Fine for Failure to File W-2s and 1099s
This summer, the IRS increased penalties for failure to file correct information returns and failure to provide correct payee statements for information returns filed after December 31, 2015, with maximum penalties on small businesses increasing from ...
December 11, 2015
ADP Testing New W-2 Verification Code to Fight Tax ID Theft
For selected clients, ADP will include the Verification Code in a designated box of the 2015 Forms W-2 issued to its clients’ employees. ADP will generate the alphanumeric code based on select data elements on each Form W-2, and an algorithm provided ...