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Posts Tagged ‘tax processing’


New Tax Law Summary of Key Business Issues

The new tax law of January 2, 2013 to avoid the “fiscal cliff” had a few Key Business Issues to deal with, extending some expiring provisions retroactive to the beginning of 2012 and extending them thru 2013.  The law, called “The American Taxpayer Relief Act of 2012”  had these key points for businesses:

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IRS delays tax processing until January 30th

The IRS was preparing for falling “off the fiscal cliff” until the turn of the year, when at the last minute Congress decided to pass the “American Taxpayer Relief Act of 2012” at midnight December 31st and the President signed it into law on January 2nd.   The IRS  computer programmers were hard at work to […]

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