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...
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...
IR-2011-118, Dec. 15, 2011 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions...
IR-2011-124, Dec. 23, 2011 WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends...
Expanded Tax Credit for Hiring Unemployed Veterans The work opportunity credit has been expanded to provide employers with new incentives to hire certain unemployed veterans. On November 21, 2011, the President signed into law the VOW to Hire Heroes...
IR-2011-121, Dec. 16, 2011 WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead, according to the Internal Revenue Service. The saver’s credit...
Many taxpayers and their tax professionals claiming the newly-expanded adoption credit are slowing down their refund by failing to include required documentation, such as an adoption order or decree, with their return. If you do not attach all the...
Recommends e-file, Direct Deposit to Avoid Future Delivery Problems WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123...
We would like to extend a thank you to all of the honorable men and women who have bravely served and defended our great nation. We hope you have a wonderful Veteran’s Day.
WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because...
IR-2011-104, Oct. 20, 2011 WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety...
Many small employers that pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for the small business health care tax credit. This credit can enable small businesses and small...
Past Payroll Tax Relief Provided to Employers Who Reclassify Their Workers as Employees WASHINGTON – The Internal Revenue Service today launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under...
PA-34-2011, Sept. 13, 2011 PHILADELPHIA — Victims of Tropical Storm Lee that began on Sept. 3, 2011 in parts of Pennsylvania may qualify for tax relief from the Internal Revenue Service. The President has declared the following counties a...
Outsourcing payroll duties to third-party service providers can streamline business operations, but the IRS reminds employers that they are ultimately responsible for paying federal tax liabilities. Recent prosecutions of individuals and companies who – acting under the guise of...
PA-33-2011, Sept. 13, 2011 PHILADELPHIA — Victims of Hurricane Irene that began on Aug. 26, 2011 in parts of Pennsylvania may qualify for tax relief from the Internal Revenue Service. The President has declared the following counties a federal...
IR-2011-87, Sept. 1, 2011 WASHINGTON –– The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by Hurricane Irene. The IRS announced today that certain taxpayers in North Carolina, New Jersey, New York and Puerto...
Taxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire. If your original tax returns were lost or destroyed, you...