1 minute read
Due to newly enacted legislation companies that pay any individual or corporation for goods or services more than $600 will be required to issue a 1099 to report the transaction to the Internal Revenue Service beginning in 2012. This creates a financial burden on small businesses that may not have the means to track and report every transaction for the year.
1 minute read
The IRS has gone mobile… You can now download an application to find out your tax return or refund status, get tax tips via email directly on your phone, and follow the IRS on twitter.
4 minutes read
The First-Time Homebuyers Credit was a government initiative meant to increase the sale of homes in the United States. The credit has been offered for tax years 2008, 2009, and 2010. However there are some fundamental differences from year to year which may affect your current tax filing.
1 minute read
Due to late changes in the law the IRS has delayed the processing of certain returns. Though the return cannot be processed until the newly announced date of Monday February 14th, there is no reason to delay the preparation of your returns.
3 minutes read
So what exactly is this Free Tax Return promotion all about? Well, that depends on which one you’re referring to…
1 minute read
Due to District of Columbia holidays which are considered Federal holidays the filing deadline has been extended to Monday, April 18th 2011 and extensions will also be extended to Monday, October 17th 2011.
1 minute read
R&G Brenner Branch Offices are open tax season business hours as of today. To schedule an appointment please contact the branch you are interested in or use our online appointment scheduler.
2 minutes read
Most taxpayers will be able to submit their returns beginning January 14th when Electronic Filing begins. However, if you fall into any of these three categories your filing will be delayed and your tax return will not be accepted until Mid to Late February.
1 minute read
For those who are employed or paid on W2 the new Payroll Tax Cut will increase take home pay for the coming year, 2011. This is because the social security tax is being reduced by 2 points.
2 minutes read
Congress was finally able to come to an agreement regarding the tax cuts that were set to expire at the end of this year. They have passed a bill that will effect all income levels. The bill will basically keep the Bush era tax cuts and allow for a few other tax saving provisions. Lawmakers did not think it would be prudent to increase taxes in this economy and their plan is to give tax savings that will allow for economic growth.