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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Category Archives: Tax Update
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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IRS Offers Tips for Year-End Giving
IR-2011-118, Dec. 15, 2011 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions for Certain IRA Owners This provision, currently scheduled to expire at...
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IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers
IR-2011-113, Nov. 30, 2011 WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123 taxpayers are due refund checks this year that could not be delivered because of mailing address...
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