JANUARY 24, 2012
This is the one-stop shop for all the updates you need to know for this year’s tax filing season. Find resources from the Journal of Accountancy, plus tax return checklists and tax savings tips from the AICPA, categorized by tax topic.
INDIVIDUAL TAX
Tax season startsJan. 16, 2012
Tuesday, Jan. 17, marks the start of tax season, as the IRS opens up its system to accept e-filed individual tax returns. It will also start accepting returns through its Free File program. Unlike last year, when the start of tax season was delayed for some taxpayers by last-minute tax law changes, this year the IRS will be accepting all individual returns when it opens up its e-filing system.
Tuesday, Jan. 17, marks the start of tax season, as the IRS opens up its system to accept e-filed individual tax returns. It will also start accepting returns through its Free File program. Unlike last year, when the start of tax season was delayed for some taxpayers by last-minute tax law changes, this year the IRS will be accepting all individual returns when it opens up its e-filing system.
New tax provisions for 2012Jan. 2, 2012
The new year brought with it several tax law changes, including new credits for hiring veterans, new rules for capital gain and foreign financial asset reporting, and an increased due diligence penalty for practitioners who prepare returns that claim the earned income credit.
The new year brought with it several tax law changes, including new credits for hiring veterans, new rules for capital gain and foreign financial asset reporting, and an increased due diligence penalty for practitioners who prepare returns that claim the earned income credit.
Tax relief and health care acts shape 2011 returns
January 2012
Keep on top of this tax filing season’s changes in tax law and practice and procedure. Plus: A downloadable PDF with a handy collection of important numbers for individual returns to keep at your fingertips during tax season.
January 2012
Keep on top of this tax filing season’s changes in tax law and practice and procedure. Plus: A downloadable PDF with a handy collection of important numbers for individual returns to keep at your fingertips during tax season.
Standard mileage rates for 2012 releasedDec. 9, 2011
The IRS released standard mileage rates for use in 2012. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.
The IRS released standard mileage rates for use in 2012. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.
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