1040 Filers – Forms to file late Feb or March 2013

The IRS has started processing Forms 4562 Depreciation and Amortization, and Form 8863 Education Credits slightly ahead of the previously advised late February time frame. Form 4562 is being accepted now and Form 8863 from February 14. Other forms, for which a delay...

IRS – Simplified Home Office Deduction Claims

Today the Internal Revenue Service announced a new, simplified option for taxpayers claiming a home office deduction. This is effective for the 2013 tax year onwards. Up to US $1,500 home office can be deducted by qualifying taxpayers based on $5 per square foot up to...
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