The menu for May 2 features specials on the tax extenders really ARE tax cuts, AstraZeneca nixes new Pfizer bid, revenue recognition crunch time, PCAOB looking to fill Standing Advisory Group terms, and more.
The menu for May 1 features specials on bills rolling out to stop IRS bonuses to delinquent workers, IRS chief addressing US companies’ offshore tax deals, CFOs bracing for new revenue recognition standard, and more.
The agency estimated last week that approximately 5 million taxpayers will amend their federal income tax returns by filing Form 1040X this year. Those who need to amend their returns should do so only after filing the original return.
The IRS strongly encouraged taxpayers to file their 2013 federal income tax return electronically versus mailing a paper return to the agency. So far, 88 percent of the returns the IRS received this tax season were e-filed.