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Tag Archives: IRS

TAX WARNING

Congressional inaction and continued uncertainty about a package of more than 50 tax extenders could complicate the 2015 tax filing season and force the Internal Revenue Service (IRS) to postpone the opening on the 2015 filing season, warned IRS Commissioner John Koskinen in a recent letter to Senate Finance Committee Chairman Ron Wyden, D-Ore. The… read more

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SECTION 179

The National Association of State Departments of Agriculture has recommended to Congress that the Section 179 tax deduction level in the Internal Revenue Service code remain consistent with the 2010-2013 limit for small businesses.

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