Deadlines Extended For NY Taxpayers
2 minutes read
Due to Hurricane Sandy, the New York Department of Taxation has extended filing/payment deadlines.
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Without AMT Patch 60 Million Taxpayers Affected
3 minutes read
Acting IRS Commissioner–Steven T. Miller–recently wrote to members of congress urging the passage of what has become an annual emergency: An Alternative Minimum Tax (AMT) “Patch” to prevent millions of taxpayers from losing out on critical deductions and effectively paying higher tax rates. Furthermore, in the absence of quick resolution, the 2013 tax filing season (tax year 2012) could be delayed up to a month preventing many millions more from filing their...
IRS Offering Businesses Credits For Hiring Veterans
2 minutes read
As Part of it’s Work Opportunity Tax Credit, the IRS is offering credits to businesses that hire veterans. With Veterans Day just passing, this is good time for the IRS to put this credit into the news. The following are a list of criteria for businesses to qualify for the Work Opportunity Tax Credit:
IRS Offering Hurricane Sandy Reprieve
1 minute read
The IRS is granting a temporary reprieve to businesses affected by superstorm Sandy.
R&G BRENNER AFFECTED BY HURRICANE SANDY
1 minute read
Due to destruction that Sandy left in it’s wake, the majority of R&G Brenner’s telecommunications, electricity & IT have been crippled. There is no telling how long it will take to restore all utilities as 90% of Long Island (where our executive headquarters is located) is without power. Fortunately, our website and our email server are still operational. If you need to get in contact with us, please do so by clicking here.
MTA Tax Refund Claims Deadline; November 2nd
3 minutes read
By: Jeffrey R. D’Amico, J.D., LL.M
Time is running out for taxpayers who paid New York’s metropolitan commuter transportation mobility tax (MCTMT or MTA tax) when it was first imposed in 2009 to file protective refund claims in the wake of the tax’s being declared unconstitutional.
On Aug. 22, 2012, the New York Supreme Court held that the MCTMT “was unconstitutionally passed by the New York State Legislature” (Mangano v. Silver, No. 14444/10...
October 15 Extension Deadline Approaching
2 minutes read
According to the IRS, over 11 million taxpayers who filed for an extension are due to submit their final tax return by October 15th. Failure to do so can result in penalties and interest. If you filed an extension, and have yet to file your final return, time is running out. If you require assistance, R&G Brenner can help. Please contact us here to schedule an appointment and/or to speak to a qualified R&G Brenner tax professional.
5 Reasons To Call Your Tax Pro Today!
5 minutes read
Kelly Phillips Erb–better known as the Taxgirl (@taxgirl) lists 5 reasons why you should contact a tax professional today:
Romney Vs. Obama: Who’s Tax Plan Is Better?
1 minute read
President Obama & the republican nominee Mitt Romney have clear differences regarding their proposed tax changes. However, there are a lot of open questions on how they actually intend to implement these changes. Who’s plan do you favor, and who’s plan is more realistic in accomplishing their stated goals?
IRS Plans To Increase Audits Of Small Businesses
4 minutes read
The IRS recently announced that it plans to increase audits of small businesses in the hopes of closing a $450 Billion gap. This announcement is interesting because it come on the heals of a recent report that most audits of small businesses turn up nothing. The eight significant audit areas the IRS will be concentrating are: