Category: Business

IRS e-file Launches Today; Most Taxpayers Can File Immediately WASHINGTON — The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that…

Does your employer’s retirement plan allow you to make contributions from your salary? If so, you are likely being asked to complete a salary deferral form (salary reduction agreement) now…

Here are a few reminders about individual retirement arrangements (IRAs) that may be useful to know before the end of 2011. Read the full story

  The latest draft of the 2012 Form 941, Employer’s Quarterly Federal Tax Return is now available on IRS.gov.   Substitute Form 941 specifications Rev. Proc. 2011-39 provides the general rules and…

ATTN: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs The Electronic Management System (EMS) located at Martinsburg, West Virginia will be unavailable from Saturday, September 3, 2011 at 9:00 p.m.…

Nine Tips for Charitable Taxpayers  If you make a donation to a charity this year, you may be able to take a deduction for it on your 2011 tax return.…

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates…

IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations   Updated June 9, 2011 — Link to Q&As added at bottom. IR-2011-63, June 8,…

Small Business Jobs Act of 2010 Tax Provisions   Español The Small Business Jobs Act of 2010 was enacted on September 27, 2010. The SBJA contains some tax provisions that…

HIRE Act: Questions and Answers for Employers   Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who…