 |
 |
Avoidable Errors in Small Business Returns
IRS Announces Uniform Definition of Qualifying Child
Requesting Your Tax Return Information
Vehicle Donations & Recognized Charities
IRS Issues Guidelines for Substitute Tax Forms
More News
Week Five
Christine Rock of ka Architecture in Cleveland, Ohio, is starting the new year right! Congratulations to AccountingWEB's Goodbye Greenspan Game's first weekly winner for 2006!
And to everyone who didn't win, or worse, didn't play, you can test your knowledge of Alan Greenspan, the man, with a whole new set of questions this week! Weekly Winners receive an iPod Nano!
CONGRATULATIONS TO OUR MOST RECENT iPod WINNERS!
David Miller
Kennedy & Coe, LLC
Salina, Kansas
Jeffrey Lipschutz, CPA
Simonson, Lipschutz & Fogel P.C.
Philadelphia, Pennsylvania
Rachel Zizka
Crowe Chizek and Company LLC
Knoxville, TN
Something to Think About
It's so much easier to suggest solutions when you don't know too much about the problem.
Malcolm Forbes
(1919 - 1990)
2006 TAX SEASON OPENS
The Internal Revenue Service (IRS) expects to file approximately 135 million individual tax returns in 2006. Last year, more than half of the nation's taxpayers filed their returns electronically. The agency expects that trend to continue, despite sending out 17.7 million 1040 tax packages to taxpayers who previously filed paper returns.
Taxpayers using IRS e-file, which will be available beginning later this month, and having their refunds deposited directly into their bank accounts, can receive their refunds in two weeks or less. That's less than half the time estimated for those filing paper returns to receive their refunds.
For 2006, tax returns must be filed by April 17 because "Tax Day", April 15, falls on a weekend this year. A state holiday in Massachusetts means that some taxpayers in Maine, Maryland, Massachusetts, New Hampshire, New York, Vermont and the District of Columbia, will have until April 18th to file their returns. Refunds can be tracked online using the "Where's My Refund?" tool on the IRS web site at www.irs.gov.
Taxpayers unable to meet the April deadline will still need to file Form 4868, Application for Automatic Extension, however, unlike previous years they will get an additional six months to get their return in the mail.
During tax season, the IRS web site is one of the most heavily used sites on the Internet. Last year there were more than 176 million visits to IRS.gov and 1.2 billion page views. The newly re-designed site has numerous tools and information to help tax professionals navigate smoothly through this tax season.
Firm News
A Busy End of the Year for RSM McGladrey
2005, the Year of the Restatement and the Year KPMG Survived
Tweedie Tapped to Lead IASB for 5 More Years
AICPA Supports Bill on Non-Resident Retirement Income
More Firm News
ABOUT THE BI-WEEKLY BUSINESS BULLET
THE BI-WEEKLY BUSINESS BULLET TAKES A HOLIDAY AccountingWEB's Bi-Weekly Business Bullet is taking a holiday this holiday season. We will return on January 6, 2006, with a brand-new issue for the new year. We wish all our readers a Wonderful Holiday Season and a very Happy New Year!
Get healthy by increasing your return on investment! Begin a new online advertising marketing campaign with AccountingWEB, Inc. Target a wide audience of 75,000+ accounting professionals through our popular news wires, web site advertising and Accounting Resource e-mails. For more information contact Christina at sales@accountingweb.com or 614-339-3422.
Are you looking for some information about AccountingWEB and can't find it elsewhere? Do you need to change your password or update your e-mail address? Take a moment and view our "Help Page" for information on how to utilize the AccountingWEB service.
Help Features
Site Assistance
AccountingWEB Resources
Take a moment today to ensure that we have accurate, up-to-date information in our records. Just go to your Profile Page and login to update your information today!
Subscribe now and have our news wires delivered right to your inbox.
Unsubscribe to stop the Bi-Weekly Business Bullet newsletter being delivered to your inbox.
If you've forgotten your AccountingWEB.com login details, we'll send you a reminder. Just click here.
P.O. Box 2252, Westerville, OH 43086-2252
"Resources to help you grow"
If you know someone who would like to read this
Bi-Weekly Business Bullet, please forward it to them.
©2005 AccountingWEB, Inc. All rights reserved.