Articles

Payroll Tax Cut Extended to the End of 2012

April 1, 2012

The IRS released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 million workers. Under the Middle Class Tax Relief and Job Creation Act of 2012, workers will continue to Read More

Upcoming Tax Deadlines

January 1, 2012

January Fri 6 Deposit payroll tax for payments on Jan 1-3 if the semiweekly deposit rule applies. Tue 10 Employers: Employees are required to report to you tips of $20 or more earned during Dec 2011 Read More

Do I Need to File a Tax Return This Year?

January 1, 2012

You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, some Read More

Deadline Extended to April 17

January 1, 2012

The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. Taxpayers will have until Tuesday, April 17, to file their 2011 tax Read More

2012 Standard Mileage Rates

January 1, 2012

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55.5 cents per mile for business miles driven 23 cents per mile Read More

Upcoming Tax Deadlines

October 1, 2011

Monday, October 31, 2011 Employers – Social security, Medicare, and withheld income tax. File Form 941 for the third quarter of 2011. Deposit or pay any undeposited tax under the accuracy of deposit rules. If your Read More

TIP: Financially Distressed Taxpayers

October 1, 2011

If you are facing financial difficulties and struggling to meet your tax obligations the IRS can help. As the tax filing season begins, in addition to new credits, deductions and exclusions, the IRS is taking Read More

Small Business FAQs

October 1, 2011

Question:   If I, a sole proprietor, pay personal expenses out of my business bank account, should I count the money used as part of my income? Can I write these expenses off? Answer:    You Read More