Business taxes, Individual taxes
The IRS announced that it started accepting Form 4562 (Depreciation and Amortization) for processing on Sunday, February 10, 2013. Form 8863 (Education Credits) should be ready for processing on Thursday, February 14, 2013. With the addition of these forms, e-filing...
Business taxes, Individual taxes
Through its online service, Where’s My Refund?, the IRS promises to be able to provide you with the status of your return within 24 hours of e-filing. If you file on paper, the status of your return might not be available for 4 weeks after the IRS receives your...
Business taxes, Home Office, Individual taxes
The IRS recently released Rev. Proc. 2013-13, which provides an optional safe harbor method that individual taxpayers may use to determine their home office expense deduction. The new method is an alternative to the current requirements of IRC § 280A and is effective...