Illinois Individual Income Tax
Form IL-1040 Illinois Individual Income Tax Return Form IL-1040 Instructions More Forms IL-1040 Due Date The due date for fi ling your 2011 Form IL-1040 and paying any tax you owe is extended to...
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Washinghton State Tax Rate Changes 2012
Tax Rate Change Notices Click here for latest changes Effective April 1, 2012 Clark County Transportation Tax Franklin County Public Safety Tax Franklin County Public Safety Tax Car Dealers and Leasing Companies Mason County...
Your Professional Bookshelf – Accounting and taxation
Accounting for Non-Accountants, 2E: The Fast and Easy Way to Learn the Basics Accounting for Non-Accountants is the must-have guide for all of us who have never taken an accounting class, are mystified by...
Emergency Unemployment Compensation (EUC) Extended to March 6, 2012
EUC is a 100% federally funded program that provides benefits to individuals who have exhausted regular state benefits. The EUC program was created on June 30, 2008, and has been modified several times. Most...
Form 1040 (2011) – File Form 1040 by April 17, 2012
Form 1040 in Adobe PDF Format – Form 1040 U. S. Individual Income Tax Return Instructions 1040 in Adobe PDF Format – Instructions 1040 U. S. Individual Income Tax Return Table of Contents 1040...
GSA Perdiem Rates
Rates are set by fiscal year, effective October 1. Find current rates in the continental United States (“CONUS Rates”) by searching below with city and state (or zip code), or by clicking on the...
Applicable Federal Rates (AFR) for February 2012
Applicable Federal Rates (AFR) for February 2012 Rev. Rul. 2012-7 This revenue ruling provides various prescribed rates for federal income tax purposes for February 2012 (the current month). Table 1 contains the short-term, mid-term,...
Applicable Federal Rates (AFR) for January 2012
Applicable Federal Rates (AFR) for January 2012 This revenue ruling provides various prescribed rates for federal income tax purposes for January 2012 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable...
2012 Federal Legal Holidays
Federal legal holidays for 2012 January 2— New Year’s Day January 16— Birthday of Martin Luther King, Jr. February 20— Washington’s Birthday April 16— District of Columbia Emancipa- tion Day May 28— Memorial Day...
January 31st 2012 is the Deadline for 2011 Forms W-2 and 1099
W-2 All employers should give to employees their copies of Form W-2 for 2011 by January 31, 2012. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to...
2012 Social Security Changes – Cost-of-Living Adjustment (COLA) – 2012 Wage Base
Cost-of-Living Adjustment (COLA) Surce: SSA.gov Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2008 through the third quarter of 2011, Social Security and Supplemental Security Income...
San Francisco New 2012 Minimum Wage Rate
New 2012 Minimum Wage Rate: $10.24/hour effective January 1, 2012. Beginning January 1, 2012, all employers must pay to each employee who performs work in San Francisco (including temporary and part-time employees) wages not...
US Labor Department publishes final rule amending procedures for filing and processing prohibited transaction exemptions under ERISA
The U.S. Department of Labor’s Employee Benefits Security Administration is announcing the publication of a final rule updating the procedures for filing and processing applications for prohibited transaction exemptions under the Employee Retirement Income...
2012 Tax Benefits Increase Due to Inflation Adjustments
For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer,...
2011 Tax Scams
Hiding Income Offshore The IRS aggressively pursues taxpayers involved in abusive offshore transactions as well as the promoters, professionals and others who facilitate or enable these schemes. Taxpayers have tried to avoid or evade...
TIGTA Finds Inaccurate Preparation of Tax Returns at Volunteer Tax Preparation Sites
Fewer tax returns are being prepared accurately at the Volunteer Program sites sponsored by the Internal Revenue Service (IRS), according to a new report by the Treasury Inspector General for Tax Administration (TIGTA). TIGTA...
President Obama Signs America Invents Act
September 16, 2011 Key Elements of America Invents Act The America Invents Act was passed with the President’s strong leadership to move this bill forward, after nearly a decade of legislative efforts. It reflects...
Stop Tax Haven Abuse Act
Bill Status Official Summary 7/27/2011–Introduced.Stop Tax Haven Abuse Act – Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of prime...
Burden of Proof
Burden of proof is responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof. You must be able to prove (substantiate) certain elements of expenses...
Start a case in the Tax Court
You must file a petition to begin a case in the Tax Court. A party who files a petition in response to an IRS notice of deficiency or notice of determination is called the...