Monday, April 11, 2011

Lauzen Accounting Newsletter for April 11, 2011.

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Hi, Chad. Here are your Articles for April 11, 2011.

Welcome to your first Lauzen Accounting e-Newsletter. Our new e-Newsletter provides us with an exciting way to communicate insightful articles, industry specific news, and developments within our firm. We are confident the articles and announcements included in our e-Newsletter will become a valuable and respected source of information for you.

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There is good news from Washington that took longer than expected to happen. There has been a repeal of controversial rules, which would have required American businesses to issue many millions of additional 1099s each year. A new law eliminates arduous accounting and reporting burdens. Read on to find out what the rules would have required and learn how certain penalty provisions were retained.
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1. What to do if you aren't ready to file your tax return or pay the taxes due by the April 18th deadline.
2. IRS Commissioner Doug Shulman unveiled his vision for the future of tax filing -- and the details may surprise you.
3. The IRS designates the Japan earthquake and tsunami as a qualified disaster for federal tax purposes.
4. For estate purposes, Form 8939 is not due on April 18, 2011 with the final Form 1040 for persons who died in 2010.

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Planning a home improvement project? Make sure to save all your receipts. They may reduce your tax bill when you eventually sell the home. Here's how.
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Every time you buy something overseas, you might be paying a tax that you can reclaim. If your company does a great deal of international business travel, here's how you can pocket a bundle by filing for a refund.
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