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For those of you counting the days until the end of tax season, keep counting. The IRS has added Monday, April 16, as a tax holiday, repeating last year's recognition of Emancipation Day in Washington, D.C. Emancipation Day, in case you are wondering, is the official recognition of the emancipation of the slaves of African American origin. Needless to say, this celebration will have little to do with the emancipation of exhausted accountants of all origins who will have to hold off on end-of-busy-season celebrating for one extra day.Read more »» Gail Perry, CPA Editor-in-Chief editor@accountingweb.com |
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| IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17 | |||||
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On January 4, the IRS announced that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it's the best way to ensure accurate tax returns and get faster refunds. The IRS has made a number of improvements to help make tax season easy for taxpayers. Read more »» |
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| Pride of the Yankees? | |||||
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A lawsuit – filed by the IRS on December 27, 2011, in federal court in Tampa, Florida – aims to recover the funds issued to Hal Steinbrenner, managing general partner of the Yankees, on December 28, 2009. The refund resulted from a dispute between the Steinbrenner family and the IRS for the 2001 tax year as well as audits of the team's parent company for the 2001 and 2002 tax years. Read more »» |
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| Boston Accounting Firms Announce Merger | |||||
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On January 1, the Boston firm of Robert, Finnegan & Lynah, PC became part of the New England practice of Marcum LLP, one of the nation’s largest accounting, tax, and advisory firms. Read more »» |
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