Monthly Archives: February 2012

February 23, 2012 The IRS is aware that some taxpayers who have e-filed and received an acknowledgement from the IRS are concerned that when they visit “Where’s My Refund” they are told that the IRS has no information regarding their … Continue reading →

Late Filing of Business Returns Beginning in 2011, the instructions to Form 1065, Form 1120 and Form 1120S (and other forms in the 1065 and 1120 series) direct taxpayers to wait until they receive a late filing notice from the … Continue reading →

IRS Issues Rules for Providing K-1s Electronically WASHINGTON — The IRS today issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients. Certain entities, such as … Continue reading →

Social Security Benefits If a parent with a disabled child has the Social Security Administration determine that the child is disabled before that child is age 22, that child may qualify under the much more benificial amount of the parent’s Social … Continue reading →

The Internal Revenue Service logged into its 2012 Tax Season on Tuesday (Jan. 17) when it started accepting e-filed – electronically filed – income tax returns. Filing by computer has turned into the main event for the IRS. Last year, … Continue reading →

Retirement Plan Contributions Simple IRA made per pay period 403(b)(7)/ Roth 403(b)(7) made per pay period 401(k)/ Roth 401(k) made per pay period Safe Harbor 401(k)/ Roth Safe Harbor 401(k) made per pay period Individual K/ Roth Individual K made … Continue reading →

Businesses: Monthly payroll deposits for January due February 15  

Do you have a foreign bank account, own shares in foreign hedge fund, or hold any other foreign investment housed overseas which can be valued at $10,000 or more?  If so, the IRS & Department of Treasury require taxpayers to disclose certain … Continue reading →