Tag Archives: tax compliance

Filing season closes; cybersecurity and customer service top priorities for IRS

The 2016 filing season has closed with renewed emphasis on cybersecurity, tax-related identity theft and customer service. Despite nearly constant attack by cybercriminals, the IRS reported that taxpayer information remains secure. The agency also continued to intercept thousands of bogus returns and prevent the issuance of fraudulent refunds. Cybersecurity Concerns...
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May 2016 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 calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of May 2016. May 2 Employers. File Form 941 for the...
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February 2016 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 calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of February 2016. February 1Individuals. Individuals may file their 2015 Form 1040...
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January 2016 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 calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of January 2016. January 6Employers. Semi-weekly depositors must deposit employment taxes for payroll...
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How Do I? Compute payroll taxes as an employer

A business that has employees must withhold income taxes on payments to each employee. Each employee must first fill out Form W-4, Employee’s Withholding Allowance Certificate, and provide it to the employer. On the form the employee can claim exemptions, such as the personal exemption or an exemption for a...
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Private tax collection poised for possible return

Tucked into the pending highway and transportation spending bill is a provision authorizing the IRS to outsource some tax collection activities. If this sounds familiar, it is. Several times in the past 20 years, the IRS has contracted with private sector debt collection agencies for tax collection work. The results...
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Budget Act raises revenue with new tax compliance measures for partnerships, other changes

The new Bipartisan Budget Act of 2015, signed into law by President Obama in November, makes some far-reaching changes to partnership audits along with repealing automatic enrollment in health plans under the Affordable Care Act (ACA). The new law is a good preview of how Congress is looking to enhanced...
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December 2015 tax compliance calendar

December 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates November 25–27.  December 4Employers. Semi-weekly depositors must deposit employment taxes for payroll dates November 28–December 1.  December 9Employers. Semi-weekly depositors must deposit employment taxes for payroll dates December 2–4.  December 10Employees who work for tips. Employees who received $20 or more in...
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