Newsletter Archives: April 2012

Upcoming Tax Deadlines

April 1, 2012

April Mon 2 Electronically file Forms W-2, W-2G, 1098, 1099, and 8027. Wed 4 Deposit payroll tax for payments on Mar 28-30 if the semiweekly deposit rule applies. Fri 6 Deposit payroll tax for payments on Mar Read More

FAQ: Refund Splits

April 1, 2012

Question: What is a split refund? Answer: A split refund lets you divide your refund, in any proportion you want, and direct deposit the funds in up to three different accounts with U.S. financial institutions. Read More

Health Insurance Tax Breaks for the Self-Employed

April 1, 2012

If you’re self-employed and paying for medical, dental or long-term care insurance, the IRS wants to remind you about a special tax deduction for some insurance premiums paid for you, your spouse, and your dependents. Read More

More Time to Contribute to IRAs in 2012

April 1, 2012

You have two extra days this year to make contributions to your Individual Retirement Arrangements. That’s because April 15 falls on a weekend and Emancipation Day, a legal holiday in the District of Columbia, will Read More

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