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Interesting Tidbits Included in Obama’s Proposed Changes

Willful Failure to File. President Obama has proposed to upgrade, beginning on December 31, 2012, the willful failure to file a tax return from a misdemeanor to a felony. The proposal would make it a felony to...

HLB Appoints New Member Firm in Greece

HLB International, the international accountancy network, has appointed a new member firm in Greece. The newly established HLB Hellas SA will operate out of the capital city Athens. HLB Hellas SA, formed by...

New Tool Available on IRS Website to Help Taxpayers Who Have to Repay Their First-Time Homebuyer Credit

The IRS has a tool to help people who have to repay their First-Time Homebuyer Credit. Reminder letters will no longer be mailed to taxpayers who have to repay the credit but you can now use an online lookup...

IRS Exploring A Real-Time Tax System

The IRS recently held the second in an anticipated series of public meetings on a real-time tax system. The January 25 meeting in Washington, D.C. brought together IRS officials, software providers, payroll...

HLB International Appoints First Audit Working Group Chairman

HLB International is delighted to announce the appointment of Darryl Swindells as Chairman to HLB International’s Audit Working Group. Darryl Swindells, who was appointed during the recent HLB International...

2012 Mileage Rates

The IRS announced in December that the business standard mileage rate for 2012 will be 55.5 cents-per-mile, which is unchanged from the second half of 2011. The standard mileage rate for medical and moving...

IRS Extends Tax Deadline

The IRS has announced that taxpayers have until April 17, 2012, to file their tax returns and pay any tax due because April 15 falls on a Sunday and Emancipation Day, a holiday in the District of Columbia,...

Ports Activity Job Tax & Investment Tax Credits

Businesses or the headquarters of any such businesses engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development that have increased their port...

Federal Extension Forms No Longer Accepted in Place of New York Forms

The New York Department of Taxation and Finance has issued an important notice for personal income taxpayers declaring that federal extension forms will no longer be accepted in place of the state form. The...

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