Monthly Archives: March 2014

Final employer mandate regulations include transition relief for mid-size employers

Mid-size employers may be eligible for recently announced transition relief from the Patient Protection and Affordable Care Act’s employer shared responsibility requirements. Final regulations issued by the IRS in late January include transition relief for mid-size employers for 2015. Mid-size employers for this relief are defined generally as businesses employing...
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“Repair” regulations require taxpayer action In 2014 and beyond

The IRS’s final “repair” regulations became effective January 1, 2014. The regulations provide a massive revision to the rules on capitalizing and deducting costs incurred with respect to tangible property. The regulations apply to amounts paid to acquire, produce or improve tangible property; every business is affected, especially those with...
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How do I? Elect not to carry back an NOL

Many taxpayers find the ability to carry back a net operating loss (NOL) one of the most business-friendly provisions in the Tax Code. This is often true for new businesses. In times of economic difficulty, Congress has even relaxed the net operating loss carryback rules. However, there may be times...
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March 2014 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This tax compliance calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of March 2014. March 5Employers. Semi-weekly depositors must deposit employment taxes...
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