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IRS TaxNews and Articles

Claim the Earned Income Tax Credit

Claim the Earned Income Tax Credit The Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break for 40 plus years. Yet, one out of every five eligible workers fails to claim it. Here are some things taxpayers should know about the EITC: Review…
Ansari Law Firm
January 31, 2017
IRS TaxNews and Articles

IRS Taxpayer Bill Of Rights

IRS Taxpayer Bill Of Rights Do you have rights as a taxpayer? The answer is  YES! 1. The Right to Be Informed. Taxpayers have the right to know what is required to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all…
Ansari Law Firm
January 17, 2017
IRS TaxNews and Articles

IRS 60 Day Rollover Retirement Plans

The Internal Revenue Service today provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement arrangement (IRA). In Revenue Procedure 2016-47, posted today on IRS.gov, the IRS explained how eligible…
Ansari Law Firm
January 6, 2017
IRS TaxNews and Articles

IRS ITIN Renewal

IRS ITIN Renewal Renewing Your ITIN? Things You’ll Need Some Individual Taxpayer Identification Numbers (ITIN) expire at the end of 2016. The IRS issues an ITIN to those who have a filing or reporting requirement but don’t have and are not eligible to get a Social Security number. If you need…
Ansari Law Firm
November 4, 2016
IRS TaxNews and Articles

Healthcare Information Reporting For Employees

Healthcare Information Reporting For Employees Health Care Information Reporting: Seven Things Employers Can Think About Now If your organization is an applicable large employer, you must report information about the health care coverage you offered to your full-time employees. As an employer, it’s not too early to start thinking about these…
Ansari Law Firm
November 2, 2016
IRS TaxNews and Articles

IRS Affordable Care Act Reporting Employers

IRS Affordable Care Act Reporting Employers Under the Affordable Care Act, certain organizations must report information to the IRS and individuals about health insurance coverage. The reporting requirements apply to insurance companies, self-insured companies, applicable large employers and employers that provide health insurance to their employees. ACA information returns and transmittals are…
Ansari Law Firm
November 2, 2016
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