The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2016 tax liability — you just must act by December 31. This article details six actions to take before year end.
The IRS has again extended the deadline for employers subject to the ACA’s information reporting requirements to meet their obligations to employees, but only by 30 days, from January 31, 2017, to March 2, 2017. And the deadline for filing the required information reporting forms with the IRS has not been extended. This article explains the ACA’s information reporting requirements and the deadline extension, as well as some penalty relief that’s available.
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