"This next tier of companies may not have access to the same staffing and technology resources as the larger companies that filed
this year, so it's even more prudent that smaller companies begin preparing early and budget accordingly," KPMG's Dolan noted.
If the reason for the rejection cannot be corrected, a paper return must be filed
by the later of the return due date or 10 calendar days after the IRS last gave notification that the return was rejected.
An RPIE must be filed
when 50% or more of the residential space in a condominium is operated as a rental property.
Since most corporations file or have already filed
an extension, Cummings says entities with smaller returns should allow for four to five days in their processes to ensure that the e-file is successful, just in case there is a rejection that might need to be fixed.
The temporary regulations are effective for applications for an automatic extension to file certain returns filed
after 2005, and accordingly, apply to applications for extension to file tax-year 2005 returns.
A chronological retention period will quality a document for disposal based on the date it is filed
into the ForeMost repository plus a specified number of days, months, or years.
So while politicians carp about the federal tax code's so-called marriage penalty, which causes some legally married couples to pay more taxes than they would if they filed
as two singles, many gay and lesbian couples suffer a particular form of tax discrimination--call it the "no legal-marriage penalty." They're simply not recognized in the tax code as economic units.
In the 2002 filing season, 36% of individual income tax returns were electronically filed
1:01CV1292 (PLF) (D.D.C., complaint filed
June 11, 2001).
Kalb, now a research associate at the University of Texas in Austin, filed
a suit against NSF in 1986, contending his career had been damaged by NSF's failure to alert him to the rumor, which he says was unfounded.
Make notes on papers filed
in your Action folders about where to find relevant back-up material.
The IRS's Large and Mid-Size Business (LMSB) and Small Business/Self-Employed (SBSE) divisions have begun auditing approximately 160 taxpayers that filed
protective Forms 1120-F, to determine whether those taxpayers are engaged in a U.S.