Tag Archives: 2016.Tax.Season

That Was the Tax Season That Was

Posted on October 19, 2016 by Russ

Well, my sixteenth Tax Season is in the books. Let’s see what was good, bad, and ugly–and I’ll include a warning for next year. The Good: First, the IRS did a much better job with the Practitioner Priority Service (PPS). … Continue reading →

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Prepare to Panic

Posted on October 3, 2016 by Russ

No, I’m not talking about the two choices in this year’s presidential election. Rather, I’m talking about the situation if you have yet to send your tax paperwork to your tax professional. It’s just about time to panic. Mind you, … Continue reading →

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Extension Deadline for Business Entities; 3rd Quarter Estimated Tax Payment Deadline

Posted on September 14, 2016 by Russ

Thursday, September 15th is the filing deadline for business returns on extension: C-Corporations (Form 1120), S-Corporations (Form 1120S), partnerships and LLCs that file as partnerships (Form 1065), and trusts (Form 1041). You can either electronically file or mail your returns … Continue reading →

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The 2016 Tax Season

Posted on April 25, 2016 by Russ

It actually went fairly smooth this year. Some thoughts (in no particular order): 1. The IRS help lines for tax professionals were well staffed. Hold times were way, way down from prior years (especially last year). The average hold time … Continue reading →

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March 15th Tax Deadlines

Posted on March 14, 2016 by Russ

There are a number of tax deadlines tomorrow, March 15th. Here’s what you need to know. Calendar Year Corporations: If you have a calendar year corporation, your Form 1120 or Form 1120S is due tomorrow. If you’re not ready to … Continue reading →

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Good News on the Practitioner Priority Service (PPS)

Posted on February 8, 2016 by Russ

It was with fear and trepidation that I picked up my phone and dialed the IRS’s Practitioner Priority Service (PPS). This is the telephone number that tax professionals use to obtain information from the IRS. Over the past year and … Continue reading →

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Efiling Opens, But…

Posted on January 19, 2016 by Russ

…It’s likely you can’t file yet. Today the IRS sent out a “QuickAlert for Tax Professionals.” They stated, “Authorized IRS e-file Providers must not submit electronic returns to the IRS prior to the receipt of all Forms W-2, W-2G, and … Continue reading →

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Same as Last Year Doesn’t Work

Posted on January 18, 2016 by Russ

Robert Flach has a post today where he notes the information that’s needed to prepare a tax return. I don’t have much to add to his excellent list (though I do need to see your W-2Gs, too). If you’re one … Continue reading →

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Tax Season to Open on January 19th

Posted on December 21, 2015 by Russ

The IRS announced today that the 2016 Tax Season (for filing 2015 tax returns) will begin on Tuesday, January 19th. The tax deadline will be Monday, April 18th (for federal individual returns) except for taxpayers in Maine and Massachusetts–they get … Continue reading →

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The Great, the Good, and the Bad of the Extender Legislation

Posted on December 20, 2015 by Russ

Normally I would write about the good, the bad, and the ugly of the extender legislation. It’s different this year, because the legislation passed by Congress and signed into law doesn’t have much that’s ugly. Instead, there’s some great news, … Continue reading →

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