Geithner: Obama plan would make corporate tax system fairer and more globally competitive WASHINGTON – President Barack Obama says the currentcorporate tax system is outdated, unfair and inefficient. He is calling for an end to dozens of subsidies and loopholes that he says offer tax breaks to companies that move jobs and profits...
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What You Need to Know for Your 2011 Tax Filing and What’s New for 2012
By Bonnie Lee | Fox Business Tax season is here again! While the filing deadline might be a couple of months away, this month you will receive all required third-party reporting documents: W2s, 1099s for interest and dividends, 1099s for nonemployee compensation if you are an independent contractor, 1099-Bs from...
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Filing Deadline Extended to March 30 for Some Tax-Exempt Organizations
IR-2011-120, Dec. 16, 2011 WASHINGTON — Tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns, the Internal Revenue Service announced today. The IRS is granting this extension of time to file because the part of the e-file system that...
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IRS Urges Preparers to Renew PTINs for 2012
IR-2011-119, Dec. 15, 2011 WASHINGTON — The Internal Revenue Service today reminded tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) before year’s end. All 2011 PTINs will expire on Dec. 31 and must be renewed annually. The IRS urged preparers to start their renewal process now to...
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