1 minute read
Yasmin D. Brenner has been tapped to lead R&G Brenner’s newly created Insurance division. The Affordable Care Act (ObamaCare) is now in effect, which means that every citizen must have health insurance which meets a minimum standard of coverage by March 31st, 2014 or be assessed a monetary penalty (this penalty can grow to over $2000 per family by 2016!).
1 minute read
In spite of the government shutdown that has shuttered many departments in the IRS, the deadline to file tax year 2012 returns remains October 15th. That means, even though the IRS may not be able to process your return, you still have to pay your taxes on time or risk penalties and interest for failing to file. The IRS has issued the following tips:
4 minutes read
As the April 15th Deadline rapidly approaches, there are still hundreds of thousands of taxpayers expected to file the final week of the tax season. The late start to the tax season and the fact that we are getting reports from clients that they still have not received all their tax documentation in order to file is making this last minute crunch even more magnified. Here are some last minuted tax-tips (even if you’ve filed already)
2 minutes read
Due to Hurricane Sandy, the New York Department of Taxation has extended filing/payment deadlines.
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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...
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.
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April 17 has come and gone, and New Yorkers have filed their returns, or at least filed for an extension. But for many New York businesses, April 30 is another key date.
2 minutes read
The deadline to file 2008 tax returns for unclaimed refunds, and 2011 tax returns with balances due for is Tuesday, April 17th. The statute of limitations to file returns for refunds is 4 years. Any refunds that are not claimed become the property of the IRS and/or State(s). The IRS has over $1 Billion in unclaimed refunds averaging approximately $637. The primary reason for the majority of these unclaimed refunds is that while many taxpayers were under the...
1 minute read
Oct. 17 is a key deadline for millions of individual taxpayers who requested an extension to file their 2010 tax returns. The IRS expects to receive millions of tax returns from taxpayers who used Form 4868 to request a six-month extension to file their returns.