Posts from July, 2014

  • IRS Adopts "Taxpayer Bill of Rights" The Internal Revenue Service has announced the adoption of a “ Taxpayer Bill of Rights ” that will become a cornerstone document to provide the nation’s taxpayers with a better understanding of their rights. The Taxpayer Bill of Rights takes the multiple existing rights ... Continue Reading
  • IRS Makes Changes to Offshore Programs The Internal Revenue Service has announced major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing overseas and those residing in the United States. The changes include an expansion of the streamlined filing ... Continue Reading
  • Tips for Taxpayers Who Missed the Tax Deadline If you missed the April 15 tax filing deadline, don’t panic. File as soon as you can. If you owe taxes, you should file and pay as soon as you can. This will help minimize the interest and penalty charges. There is no penalty for filing a late return if you are due a refund. ... Continue Reading
  • Get Credit for Child and Dependent Care This Summer Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit: Your expenses must ... Continue Reading
  • Upcoming Tax Deadlines July Tue 1 File Form 11-C to register and pay annual tax if you are in the business of taking wagers. Wed 2 Deposit payroll tax for payments on Jun 25-27 if the semiweekly deposit rule applies. Mon 7 Deposit payroll tax for payments on Jun 28-Jul 1 if the semiweekly deposit ... Continue Reading