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IRS May Toughen Compliance Checks before Issuing Tax Refunds
Enhanced pre-refund compliance checks would enable the Internal Revenue Service to help confirm taxpayers' identity, quickly and efficiently correct some errors with virtual certainty, and identify and audit some returns before refunds are issued, according to a new...
IRS Gives Joplin Area Taxpayers Additional Filing and Payment Relief
ST. LOUIS –– Following the devastating tornado Sunday in the Joplin, Mo., area, the Internal Revenue Service is giving victims additional time to meet their tax obligations.Individual and business taxpayers in Jasper County now have until Aug. 1, 2011, to file...
You should still file your Tax Return even if it is late. Here’s why…
If you owe taxes and didn’t file your tax return or request an extension by the April 18 deadline, you may face interest on any unpaid federal taxes you owe and a failure-to-file penalty. The IRS will deny a request for an extension that is filed after midnight...
No Change for Standard Mileage Rate
During the May 12 payroll industry conference call, an IRS spokesperson said that the IRS has no current plans to increase the 2011 standard mileage rate of $.51 per business mile, despite the increase in gasoline prices. There was no mention of the rates for...
2011 Qualified Plan Contribution/Benefit Limitationshttp://ping.fm/Q20ja
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