New Due Dates for 2017
The changes in due dates are as follows:
Partnership tax returns are now due on March 15th instead of April 15th. Extensions are available
Obama Signs Veteran Tax Fairness Act into Law
Last week President Obama signed the Combat-Injured Veterans Tax Fairness Act of 2016 into law. Severance payments to veterans of the US A
Want to Use Your Phone as a Tax Tool? There are apps for that!
From time to time I get asked what I recommend people use for record keeping and for mobile tools. As we approach 2017, smart phones have become THE most indispensable item a person can own. I strongly suggest that anyone who doesn't sit at a desk all day familiarize themselves with the phone apps available to them. I'm not going to make specific recommendations but I will touch on some of the more popular apps out there. Mileage apps typically utilize your phone's GPS cap
New Preparer Due Diligence Rules
Imposition of new rules for paid preparers for all refundable credits
IRA Rollover Relief from the IRS
IRS rules on missing the 60 day period to rollover retirement funds.