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IRS Releasing Refunds from the Nationwide Delay

January 31, 2012 – IRS Releasing Refunds from the Nationwide Delay Refunds that were delayed by the IRS due to IRS nationwide computer problem that occurred last week are now being released. ERC checks related to these refunds are...

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  • January 31, 2012

Tax Tips for the Self-employed

IRS Tax Tip 2012-16, January 25, 2012 There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor,...

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  • January 28, 2012

Due to problems at the IRS…

Due to problems at the IRS, the first batch of refunds to be released by the IRS under its “weekly” schedule is MUCH smaller than expected. According to sources, new filters at the IRS have caused over half of...

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  • January 27, 2012

Refund Status

The IRS has opened its filing season successfully this month, and refunds have started going out to many taxpayers. As with the start of any tax season, there are system validations that occur requiring some fine-tuning of our systems....

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  • January 27, 2012

Filing Deadline Extended to March 30 for Some Tax-Exempt Organizations

IR-2011-120, Dec. 16, 2011WASHINGTON — Tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns, the Internal Revenue Service announced today. The IRS is granting this extension of time...

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  • January 26, 2012

PA Schedule SP Eligibility Income Tables

If you are filing as Unmarried, use Table 1. If you are filing as Married, use Table 2. Move down the left-hand side of the table until you come to the number of dependent children you may claim. Then...

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  • January 25, 2012

2011 Reporting for 2010 Roth Rollovers and Conversions

In 2010, you may have: rolled over eligible distributions from a retirement plan to a Roth IRA, converted (transferred) amounts from a non-Roth IRA to a Roth IRA, or made an in-plan Roth rollover (after September 27, 2010). If...

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  • January 19, 2012

IRS e-file Launches Today; Most Taxpayers Can File Immediately

WASHINGTON — The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns. IRS e-file has surpassed...

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  • January 17, 2012

More Innocent Spouses Qualify for Relief Under New IRS Guidelines

IR-2012-03, Jan 5, 2012 WASHINGTON — The Internal Revenue Service today released new proposed guidelines designed to provide relief to more innocent spouses requesting equitable relief from income tax liability. A Notice proposing a new revenue procedure, posted today...

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  • January 12, 2012

IRS Offers Top 10 Tax-Time Tips

IRS TAX TIP 2012-01, January 03, 2012 The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier...

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  • January 3, 2012