Tornados, high winds, and baseball-sized hail wreaked havoc on the South and Midwest last week and over the weekend. The IRS announced that it will provide penalty relief to taxpayers impacted by the storms who were not able to file or pay taxes due until after the April 15th tax deadline. Full story
Today it was announced that the IRS is giving relief to those who file payroll and excise tax returns and make payments normally due on Wednesday. Find out more. Full story
If you haven’t already filed your taxes and were a victim of recent severe storms, flooding, or disasters you may have more time to pay taxes and file your tax returns if you were affected and in counties designated as federal disaster areas qualifying for individual assistance.
There’s great news for working taxpayers this week. On February 22, the President signed the payroll tax holiday into law. Find out more. Full story
On Tuesday, December 20th, House Republicans rejected Senate’s two month extension of the payroll tax cut bill. Find out what’s next here. Full story
Individuals were given some warning about Hurricane Irene, but do you know how to safeguard your assets from this and other types of disasters, expected and unexpected? Here are some tips to help you safeguard important documents such as tax returns. Full story
With 2010 now behind us, let’s take a look at what changes the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 has in store for us with regard to our 2011 tax returns. I’ll focus specifically on what is new or different for 2011. Full story
The Southeast and Midwest portions of the country are commonly plagued with bad weather this time of year. But this year has proven to be especially bad, with large tornado outbreaks and major flooding affecting many parts of the country. What are the tax implications? Full story