January 5, 2012
For those of you counting the days until the end of tax season, keep counting. The IRS has added Monday, April 16, as a tax holiday, repeating last year's recognition of Emancipation Day in Washington, D.C. Emancipation Day, in case you are wondering, is the official recognition of the emancipation of the slaves of African American origin. Needless to say, this celebration will have little to do with the emancipation of exhausted accountants of all origins who will have to hold off on end-of-busy-season celebrating for one extra day.

Gail Perry, CPA
IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17
On January 4, the IRS announced that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it's the best way to ensure accurate tax returns and get faster refunds. The IRS has made a number of improvements to help make tax season easy for taxpayers.
Pride of the Yankees?
A lawsuit – filed by the IRS on December 27, 2011, in federal court in Tampa, Florida – aims to recover the funds issued to Hal Steinbrenner, managing general partner of the Yankees, on December 28, 2009. The refund resulted from a dispute between the Steinbrenner family and the IRS for the 2001 tax year as well as audits of the team's parent company for the 2001 and 2002 tax years.
Boston Accounting Firms Announce Merger
On January 1, the Boston firm of Robert, Finnegan & Lynah, PC became part of the New England practice of Marcum LLP, one of the nation’s largest accounting, tax, and advisory firms.
Unsubscribe from Insight

Copyright © 2012, Sift Media US, Inc. All rights reserved.

9449 Priority Way W Drive
Suite 150
Indianapolis, IN 46240

The Sift Media Portfolio includes:
AccountingWEB.com |  GoingConcern.com