WASHINGTON – The IRS reminded taxpayers the Presidents Day holiday period typically marks one of the busiest weeks of the tax filing season for its phone lines. There are other alternatives to help taxpayers find answers to commonly asked tax questions. The Internal Revenue Service has several easy-to-use, online tools […]
Your Paycheck May be Shrinking!
NEW YORK (CNNMoney.com) — Are you ready to give up $30 a month? That’s what may come out of your paycheck if — as expected — the Making Work Pay tax credit expires at the end of the year. The credit was enacted last year as part of the Recovery […]
Good News for W2 Preparers
The IRS announced Tuesday that it will defer the new requirement for employers to report the cost of coverage under an employer-sponsored group health plan, making that reporting by employers optional in 2011. The draft Form W-2 includes the codes that employers may use to report the cost of coverage […]