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2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume

  2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume IR-2013-82, Oct. 22, 2013 WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing […]

Is your business, a real business or hobby? 10/16/13

Business or hobby? The nine factors By Robert Gard, CPA October 2013 The IRS may question taxpayers regarding whether an activity is a business or a hobby. If the activity is not engaged in for profit, it is subject to the hobby loss rules in Sec. 183, and its deductible expenses are limited to the […]

Oct 10, 2013 New dates to obtain health insurance:

WASHINGTON (AP) — You’ll have to get coverage by Valentine’s Day or thereabouts to avoid penalties for being uninsured, the Obama administration confirmed Wednesday. That’s about six weeks earlier than a Mar. 31 deadline often cited previously. The explanation: health insurance coverage typically starts on the first day of a given month, and it takes […]