June 08, 2016
Andrew Presti
Blog Posts
0 CommentsHow do I…calculate the EITC for members of the U.S. military? To claim the EITC, a taxpayer must satisfy two tests with respect to earned income. First, the taxpayer must have some earned income. Additionally, the taxpayer’s earned income must fall within certain ranges as the credit is subject to income phaseout. As the taxpayer’s […]
Read moreJune 08, 2016Andrew PrestiBlog Posts0 CommentsIRS gearing up for revived private tax collection The IRS is gearing up to outsource some taxpayer collection accounts to private collection agencies. Legislation passed in 2015 directed the IRS to resume working with private collection agencies. The revived program is expected to operate in a similar manner to past ones, with emphasis on taxpayer […]
Read moreJune 08, 2016Andrew PrestiBlog Posts0 CommentsIRS prepares to launch voluntary certification program for PEOs The IRS is set to launch its new voluntary certification program for professional employer organizations (PEOs), also known as employee leasing organizations, on July 1, 2016. A recently-released guidance package describes how PEOs can obtain certification to become “certified PEOs” (CPEOs). PEOs An employer may contract […]
Read moreMay 12, 2016Andrew PrestiBlog Posts0 CommentsFiling season closes; cybersecurity and customer service top priorities for IRS The 2016 filing season has closed with renewed emphasis on cybersecurity, tax-related identity theft and customer service. Despite nearly constant attack by cybercriminals, the IRS reported that taxpayer information remains secure. The agency also continued to intercept thousands of bogus returns and prevent the […]
Read moreMarch 16, 2016Andrew PrestiBlog Posts0 CommentsHow do I? Arrange an installment payment agreement with the IRS? The IRS always urges taxpayers to pay their current tax liabilities when due, to avoid interest and penalties. Taxpayers who can’t pay the full amount are urged to pay as much as they can, for the same reason. But some taxpayers cannot pay their […]
Read moreFebruary 12, 2016Andrew PrestiBlog Posts0 CommentsFebruary 2016 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of February 2016. February 1 Individuals. Individuals may file their 2015 Form […]
Read moreJanuary 14, 2016Andrew PrestiBlog Posts0 CommentsPresti & Naegele Becomes IRS Certifying Acceptance Agent Presti & Naegele has recently been authorized by the IRS to act as a Certifying Acceptance Agent. This designation allows the firm to assist foreign clients in obtaining an individual taxpayer identification number (ITIN), a U.S. tax processing number issued by the IRS for foreign individuals who […]
Read moreJanuary 13, 2016Andrew PrestiBlog Posts0 CommentsJanuary 2016 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of January 2016. January 6 Employers. Semi-weekly depositors must deposit employment taxes […]
Read moreDecember 08, 2015Andrew PrestiBlog Posts0 CommentsDecember 2015 tax compliance calendar December 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates November 25–27. December 4 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates November 28–December 1. December 9 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates December 2–4. December 10 Employees who work for tips. […]
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