Category: IRS News

Tax Filing Reminders and News: September 2017

Tax Filing Reminders September – October 2017 The following tax filing deadlines are in September and October 2017.

IRS Using Collection Agencies for Unpaid Taxes and Audits

IRS news

IRS is Now Using Collection Agencies The IRS is now using outside collection agencies to collect unpaid tax obligations. This new program will start slowly with only a few hundred taxpayers receiving mailings. The number will grow into the thousands

March 2017: Major Tax Deadlines for March

Major tax deadlines for March 2016 from when to file Form 1095-B or Form 1095-C to the 2016 Proof of Health Insurance Form 1095 wrinkle. Here’s what you need to know:

New IRS Procedure for 60-day Rollover Errors

New IRS Procedure

Did you inadvertently miss the 60-day time limit for making an IRA or retirement plan rollover? Thanks to a recent change in a new IRS procedure, requesting forgiveness for an IRA rollover error may a bit simpler now. You may

2017 HSA Limits & FSA or HSA? Choosing Between Health Accounts

IRS Sets 2017 HSA Limits The IRS announced inflation-adjusted limits for deductible contributions to health savings accounts (HSAs) for 2017.

Tax Filing Dates: September – October 2016

Tax Filing Dates: September - October 2016

Tax Filing Dates for September and October 2016 As a reminder, the following are important tax filing dates to remember as we head into the fall season.

Tax News: New Overtime Pay Rules & Form 5500 Filing Reminder

July 2016 Tax News Will you be ready for the new overtime pay rules? In May, the Department of Labor updated the rules for paying overtime. Under the new rules, salaried employees who earn less than $913 per week ($47,476

How to Respond Successfully to an IRS Notice

How to respond to an IRS notice

Receiving an IRS notice can send chills down one’s spin. If you find yourself on the IRS mailing list, the first thing to do is not to panic. Know that you are not alone. Each year the IRS sends millions

2016 Standard Mileage Rates, Cash Management & Tax Deadlines

Standard Mileage Rates Reduced for 2016 The Internal Revenue Service released the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. On January 1, 2016, the following

Charity Scams: IRS Issues Another Warning

The IRS has once again issued an alert for scams relating to fake charities. This time the fraudsters are looking to profit from the severe flooding in South Carolina that led to the declaration of a federal disaster area. If