Author: Jan Hrdlicka

Relief Available To Many Extension Requesters Claiming Tax Benefits

WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January. The relief applies to

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How will the Bush tax cuts expiring effect you?

What happens when the Bush tax cuts expire? If congress does not act to extend the Bush Tax Cuts, many of us will be affected by this event. Businesses will be especially hit. The special expensing deduction limit will decrease

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