Month: December 2010

Preparer Mandatory E-File Guidance Proposed

The IRS on Wednesday issued proposed guidance on how return preparers may meet their new electronic filing requirement for individual and fiduciary income tax [...]

Starting in 2011, Many Paid Preparers Must e-File Federal Income Tax Returns for Individuals, Estates and Trusts

The Internal Revenue Service detailed how, starting Jan. 1, 2011, paid tax return preparers can comply with a new law that requires paid tax return preparers [...]

IRS Announces 2011 Standard Mileage Rates

The Internal Revenue Service issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, [...]

Tax Year 2010 Return Due Dates

According to Internal Revenue Service updates the Tax Year 2010 Return Due Dates are as follows: Forms 1040 and 4868 Forms 1040 and 4868 must have a tax [...]

Senate Rejects Amendments to Repeal Health Bill's Form 1099 Rules

The Senate voted late Nov. 29 to reject two amendments that would have fully repealed tougher Form 1099 information reporting requirements put in place by the [...]