|
|
Article: In Brief.(Red Wing Software to introduce new service)(Internal Revenue Service )(Brief article)
- Article from:
- Accounting Today
- Article date:
- November 26, 2007
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
IRS EASES LATE S CORP ELECTIONS
The Internal Revenue Service has given businesses a simpler process for requesting relief for late elections. Revenue Procedure 2007-62 allows small businesses that missed filing Form 2553, Election by a Small Business Corporation, before filing their first Form 1120S, U.S. Income Tax Return for an S Corporation, to file both simultaneously. The change is effective for taxable years ending on or after Dec. 31, 2007. However, the requirement for filing Form 2553 to establish the election in advance of filing the initial Form 1120S remains in effect.
The new process will save time for taxpayers who can establish a reasonable ...
Related newspaper, magazine, and journal articles:
|
|
Article: Red Wings to Retire Yzerman's Jersey
AP Online;
August 30, 2006 ;
373 words
... ... who led the Detroit Red Wings to three Stanley Cups ... career with the Detroit Red Wings and that his sweater would ... other all-time greatest Red Wing players," senior vice ... Devellano said Wednesday. The Red Wings will honor The Captain ...
|
|