Monthly Archives: December 2011

IRS and Treasury Department Publish Temporary Regulations on Treatment of Tangible Property

The Internal Revenue Service and Treasury Department published in the Federal Register temporary regulations that provide guidance to taxpayers on the treatment of amounts paid to acquire, produce or improve tangible property and regarding the accounting for, and dispositions of, … Continue reading

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Interest Rates Remain the Same for the First Quarter of 2012

The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2012. The rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) … Continue reading

Posted in Corporations, Partnerships, & More, General, Individual, Taxation | Leave a comment

IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems

In an annual reminder to taxpayers, the Internal Revenue Service announced that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123 taxpayers are due refund checks this year that could not be delivered because … Continue reading

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