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Posts from June, 2015

  • IRS Statement on the "Get Transcript" Application The IRS announced May 27th, 2015 it will be notifying taxpayers after third parties gained unauthorized access to information on about 100,000 accounts through the “Get Transcript” online application. The IRS determined that unusual activity had taken place on the ... Continue Reading
  • Data Breach: Tax-Related Information for Taxpayers A data breach is the intentional or unintentional release or theft of secure information. It can be the improper disposal of personally identifiable information in the trash or a sophisticated cyber-attack on corporate computers by criminals. It can affect companies large or ... Continue Reading
  • Small Business Retirement Plan Penalty Relief Expires Soon You still have time to file retirement plan tax returns for your small business. Under the IRS special penalty relief program, you can avoid stiff penalties for filing late. However, you must act soon. Here are some key points you should know about this program: Late Filing ... Continue Reading
  • Start Planning Now for Next Year's Taxes You may be tempted to forget all about your taxes once you’ve filed your tax return. Do not give in to that temptation. If you start your tax planning now, you may avoid a tax surprise when you file next year. Now is a good time to set up a system so you can keep your tax ... Continue Reading
  • Upcoming Tax Deadlines June Mon 15 Individuals living outside the U.S.: File Form 1040. Mon 15 Individuals: Pay the second installment of 2015 estimated tax. Mon 15 Corporations: Deposit the second installment of your 2015 estimated tax. July Fri 31 Deposit FUTA owed through June if more than ... Continue Reading