News

The Internal Revenue Service has released updated income-tax withholding tables for 2013 and supersede the tables issued on December 31, 2012. The newly revised version contains percentage method income-tax withholding tables and related information that employers need to implement these changes. In addition, employers should also begin withholding Social...

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed blandit massa vel mauris sollicitudin dignissim. Phasellus ultrices tellus eget ipsum ornare molestie scelerisque eros dignissim. Phasellus fringilla hendrerit lectus nec vehicula. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. In faucibus, risus eu volutpat...

Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service delayed the opening of tax season this year, but began processing individual income tax returns on January 30. The delay is due to late tax law changes in the...

Most people don’t appreciate the full importance of a will, especially if they think their estate is too small to justify the time and expense of preparing one. Even people who recognize the need for a will often don’t have one, perhaps due to procrastination or a disinclination to...

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If you’re in...

Consumers should protect themselves against online identity theft and other scams that increase during–and after–the filing season. Such scams may appropriate the name, logo, or other appurtenances of the IRS or U.S. Department of the Treasury to mislead taxpayers into believing the communication is legitimate. The Internal Revenue Service...

Thanks to the passage of the American Taxpayer Relief Act of 2012 (ATRA), many tax provisions that expired in 2011 were retroactively extended (or made permanent) that are of benefit to taxpayers filing 2012 returns this year. Here are six of them: 1. Education-Related Tax Deductions ATRA extended, through...

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed blandit massa vel mauris sollicitudin dignissim. Phasellus ultrices tellus eget ipsum ornare molestie scelerisque eros dignissim. Phasellus fringilla hendrerit lectus nec vehicula. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. In faucibus, risus eu volutpat...

February 11 Employers – Federal unemployment tax. File Form 940 for 2012. This due date applies only if you deposited the tax for the year in full and on time.Employers – Social Security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of 2012. This due date applies...

The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the...

The Internal Revenue Service announced that 401(k)s and similar employer-sponsored retirement plans can be used to make loans and hardship distributions to victims of Hurricane Sandy and members of their families. 401(k) plan participants, employees of public schools and tax-exempt organizations with 403(b) tax-sheltered annuities, and state and local...