To help these taxpayers, the IRS offered the new procedures that will allow taxpayers who are low compliance risks to get current with their tax requirements without facing penalties or additional enforcement action. These people generally will have simple tax returns and owe $1,500 or less in tax for any of the covered years.
My staff and I wish you and yours a Merry Christmas, and a blessed and prosperous new year.
January 10 is the day that those employers that are classified threshold 1 accelerated remitters must have all their remittances in for 2011. If you have an annual payroll remittance and do not have any employees other than yourselves, you may fall into this category. For more information, please contact me.
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