irs

Government
9:58 am
Wed November 12, 2014

IRS Warns Tax Filing Deadlines And Refunds Could Be Delayed

Originally published on Tue November 11, 2014 5:24 pm

The Internal Revenue Service has warned of tax season chaos if Congress fails to pass a series of breaks by the end of November. The so-called tax extenders include everything from deductions for school teachers who buy classroom supplies to faster depreciation for business equipmentent.

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Tax Deadlines Pushed Back
8:35 am
Mon April 9, 2012

KY Taxpayers Get Extra Days This Year to File

The Kentucky Department of Revenue is reminding taxpayers this year they’ll have two extra days to file their income taxes.  The 2012 deadline is April 17th because of Emancipation Day, a holiday observed in the District of Columbia which falls on Monday, April 16th.  By law, D.C holidays affect tax deadlines in the same way federal holidays do.  All valid six month extensions filed on or before April 17th will extend the due date for filing until October 15th.   Also, the IRS is postponing certain tax deadlines for those who reside or have a business in a disaster area until May 31st.

Rural Taxes 101
3:57 pm
Fri March 23, 2012

Tax Advice for Farmers

Floods in 2011 and this year’s tornadoes could complicate the tax returns filed by Kentucky farmers.  For example, when farmers receive an insurance check for damaged crops, IRS spokesman Luis Garcia says they must claim that money as income.  And, if bad weather forces the early sale of livestock, Garcia says that income can sometimes be claimed on next year’s tax return.

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