5 Steps Small Businesses Must Take To Prepare for New Overtime Pay Rules – CPA Practice Advisor
New Overtime Pay Rule: 5 Steps to Take – Dex Media
How does the Internal Revenue Service collect a tax debt? They usually follow seven separate steps, but it doesn’t begin until the IRS has made a tax “assessment.” The Service must send you notification that there is an outstanding balance due. This surprise announcement of “tax debt” typically comes as IRS Form CP2000 or CP2501. This first step is critical in marking the start of the “collection process”. If you receive a letter from the IRS or either of these forms shown below, it might be a good time to seek outside help from an experienced tax practitioner before you talk to any IRS representative. Continue reading
Requesting a tax filing extension is relatively easy if you cannot complete your individual income tax return on by April 18, 2016. You have until April 19 to file a tax return if you live in Maine or Massachusetts.
You need, however, to understand the IRS rules and regulations. The following information will demystify the way the tax filing rules work and provide key points specifically about filing an extension for 2015.
A request to extend the April 2016 filing deadline is free and will be automatically granted for six months or until October 17, 2016, if you submit your request for a filing extension before the original filing due date. You can submit your application online or by mail. The reference to instructions for IRS Form 4868 below provides Post Office address information. If you are a US citizen or resident out of the country on April 18, 2016, you have an additional two extra months to file your return and pay any outstanding tax due.