February 10, 2012
Andrew Presti- Author's Bio
Blog Posts
0 Comments
February 2012 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 2012. February 1 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates January 25–27. […]
Read more- February 10, 2012
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
How Do I… Receive my tax refund that the IRS used to offset my spouse’s debt?
The Treasury Department is authorized to offset a taxpayer’s tax refund to satisfy certain debts. A spouse who believes that his or her portion of the refund should not be used to offset the debt that the other spouse owes may request a refund from the IRS. Offset If an individual owes money to the […]
Read more- February 10, 2012
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
FAQ: What tax breaks come with raising a child?
Taxpayers with children should be aware of the numerous tax breaks for which they may qualify. Among them are: the dependency exemption, child tax credit, child care credit, and adoption credit. As they get older, education tax credits for higher education may be available; as is a new tax code requirement for employer-sponsored health care […]
Read more- February 10, 2012
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS launches third version of voluntary offshore disclosure program
The IRS reopened its offshore voluntary disclosure program in early 2012 in response to what the government described as strong interest among taxpayers. The reopened program, the third of its type in recent years, encourages taxpayers with unreported foreign accounts to make full disclosures in exchange for a reduced penalty framework. Like its predecessors, the […]
Read more- February 10, 2012
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Congress begins work on payroll tax extension as White House unveils new proposals
The fate of the employee-side payroll tax cut along with a host of tax extenders and other expired provisions could be decided in coming weeks. A conference committee of House and Senate members is negotiating a full-year extension of the payroll tax cut and could add some or all of the tax extenders to a […]
Read more