Tag Archives: 2015.Tax.Season

That Was the Year that Was

Posted on October 18, 2015 by Russ

Last November I wrote about “The Horrible, No Good, Very Bad Upcoming Tax Season.” This definitely wasn’t the best tax season but it also wasn’t the worst (but it was close to the bottom). The four issues that I identified … Continue reading →

Posted in IRS, Tax Preparation, Taxable Talk | Tagged , | 1 Comment

Of Deadlines and Taxes

Posted on April 21, 2015 by Russ

As I look back at April 15th I can draw some conclusions. First, thank goodness the IRS relented on the property regulations. There is no way tax professionals would have been able to prepare all of the required Change in … Continue reading →

Posted in Taxable Talk | Tagged | 1 Comment

Form 1042 Filing Deadline is Monday, March 16th

Posted on March 12, 2015 by Russ

Most people are aware of Form 1099; that’s the form you send individuals in the US to report various kinds of income. There’s a similar form used when you’re sending paperwork to non-Americans: It’s Form 1042-S. These forms must be … Continue reading →

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Corporate Tax Deadline is Monday, March 16th

Posted on March 12, 2015 by Russ

The deadline for calendar year corporations (both C-corporations and S-corporations) to file their 2014 tax returns is Monday, March 16th. If you’re not ready to file, simply file an extension. This can be done electronically, or download Form 7004 and … Continue reading →

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Waiting for Godot

Posted on January 14, 2015 by Russ

Yesterday, I called the IRS on behalf of a client. The client’s 2013 tax return was not processed correctly, so we had to file an amended return. The client received a CP503 notice demanding payment; however, we believe that she … Continue reading →

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Business EFiling Reopens on Friday

Posted on January 7, 2015 by Russ

The IRS will reopen business electronic filing this Friday, January 9th. This is just for prior-year business returns (2012 and 2013). Current year (2014) business return electronic filing opens on Tuesday, January 20th — the same day that the IRS … Continue reading →

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IRS Announces Tax Season to Start on January 20th

Posted on December 29, 2014 by Russ

The IRS announced today that they anticipate opening tax season normally — on Tuesday, January 20, 2015. (Monday, January 19th is Martin Luther King day and is a federal holiday.) Paper return processing will also begin on the same day. … Continue reading →

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The Horrible, No Good, Very Bad Upcoming Tax Season

Posted on November 16, 2014 by Russ

If you’re a tax professional here’s a warning: The 2015 Tax Season will be one you’re almost certain to remember for all the wrong reasons. If you’re a client of a tax professional be forewarned: Your tax professional will be … Continue reading →

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