The IRS has extended the time to meet two filing requirements that may benefit you.
Asset basis consistency statement. Executors of estates who are required to report the value of assets to beneficiaries now have until June 30, 2016, to file statements with the IRS and the beneficiaries.
Work Opportunity Tax Credit. Employers who hired qualified workers in 2015 have until May 31, 2016, to file the paperwork to claim the Work Opportunity Tax Credit.
Contact us for details about these new deadlines.
Gilliland & Associates, PC is a full-service CPA firm specializing in tax planning for individuals and businesses in the Northern Virginia area. We are based in Falls Church, VA and also service clients in the McLean and Tysons Corner, VA. Gilliland & Associates specializes known for our superior knowledge and aggressive interpretation and application of tax laws, we help you keep more of your earnings by finding you the lowest possible tax on your business or personal tax return. You can connect with us on Google+, LinkedIn, Facebook, and Twitter.