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Taxpayers Beware: IRS Impostor Faxes

Recently there have been reports of phony faxes requesting wages, social security numbers, and other personal information on behalf of the IRS. These communications bear IRS and U.S. Department of the Treasury logos and look much like official correspondence. However,...

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You’ve Got Two More Days to File Your Tax Return

For Tax Season 2012, the due date for “April 15 returns” for Tax Year (TY) 2011 is April 17, 2012. April 15 falls on a Sunday in Tax Season 2012, which under most circumstances would push the due date to...

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2012 Standard Mileage Rates

On December 9, 2011 the IRS released the standard business, deductible medical, and moving mileage rates effective January 1, 2012. The rate for business miles has remained unchanged since the 2011 mid-year adjustment. The medical and moving rate has decreased...

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Taxpayers Beware: IRS Impostor Emails

Recently there have been reports of phony emails with subject lines such as “Federal Tax payment rejected” or “Your IRS payment rejected.” These emails are not from the IRS. If you receive one of these emails do not reply, do...

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Employers Get a Small Break: FUTA Tax Decreases

Beginning July 1, 2011, the Federal Unemployment Tax (FUTA) decreased from 6.2% to 6.0% before credits for state unemployment taxes paid. Congress did not extend the 0.2% FUTA surcharge before the June 30 deadline. Employers have been required to pay...

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IRS Increases Mileage Rates for Remainder of 2011

The IRS increased the standard business, deductible medical, and moving mileage rates effective July 1, 2011 through December 31, 2011. Recognizing recent gas price increases, the IRS made this special adjustment for the final months of 2011. The IRS normally...

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Watch Out! The Penalties Are Increasing for Failure to File a Form 1120-S

Beginning in 2011, S-Corporations that file a late or incomplete tax return (Form 1120-S) will be assessed a penalty of $195 per shareholder per month (not to exceed 12 months). When computing the amount of the penalty, husbands and wives...

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Online Client Portals Provide Added Security and Foster Collaboration

Contact your Blackman Kallick representative to set up a client portal. As federal and state laws have become increasingly rigorous for communicating with clients electronically, forward-thinking professional service companies have responded by establishing secure online portals as an alternative to...

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Extending Online Bank Access Speeds the Accounting Process

Most financial institutions and brokerage houses offer online account access, where you can view and manage your statements and notifications.Did you know that online access could be extended to your service providers? Or that this access can be limited to...

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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.