3 minutes read
“Will my refund be delayed this year” is becoming an all too common refrain these days. Delayed e-filing dates, IRS not accepting tax forms & documents not being mailed out on time have all occurred over the last few years and have caused refund delays. However for the 2017 tax filing season (2016 tax year), it looks like we will get hit with all three of these scenarios at once:
3 minutes read
The IRS has a new due date requirement of 1/31/17 for employers to provide W2s & 1099s to employees & contractors. Traditionally, 1099s were allotted more time to be delivered. Not so for 2017 (tax year 2016). Here are some more popular forms that must be released by 1/31:
3 minutes read
“Will my refund be delayed this year” is becoming an all too common refrain these days. Delayed e-filing dates, IRS not accepting tax forms & documents not being mailed out on time have all occurred over the last few years and have caused refund delays. However for the 2017 tax filing season (2016 tax year), it looks like we will get hit with all three of these scenarios at once:
4 minutes read
October is Cyber Security Awareness month, and the New York State Department of Taxation & Finance has released a list of 10 tips that all taxpayers should know in order to protect their financial information and keep it from falling into the wrong hands:
3 minutes read
Police in India have arrested at least 70 people involved with impersonating IRS agents at a fake call center in an attempt to defraud U.S. Taxpayers. Hundreds more are being held for questioning.
1 minute read
The Deadline to file corporate tax returns (forms 1120, 1120A, and 1120S) is Tuesday March 15th, 2016. Most corporate returns are required to be filed electronically therefore they must be sent to the IRS before midnight on the 15th. If for some reason you are filing a paper corporate tax return, the post mark on the envelope must show 11:59pm or earlier in order to avoid late filing penalties.
1 minute read
Computer problems have caused the IRS to cease accepting electronically filed tax returns until further notice:
4 minutes read
Economic insecurity is the uncertainty that your family faces in the unpredictable future based on your income, resources, and debt. Many families, even those in the middle class, feel financially unstable and insecure, leading to increased stress and anxiety about regular bills and unexpected expenditures. Are they saving enough for retirement? What if Social Security dries up by the time they reach their own retirement and they’re left to fend for themselves? Should they be saving more for...
4 minutes read
While many states rely heavily on taxes levied on the oil and gas industry, the falling price of oil in recent months is contributing to the drying-up of much-needed tax revenues. How do states such as Alaska, Texas and other mineral-rich states get creative when they need to supplement their budgets? Here’s a quick look at why low oil prices are bad news for state budgets.
7 minutes read
“If we can find a bunch of billionaires around the world to move here, that would be a godsend,” opined Michael Bloomberg during his tenure as mayor of New York City. “Because that’s where the revenue comes to take care of everybody else.” His dream was that the taxes they paid would provide such an infusion of cash to the municipality that the rising tide would lift...