IRS Posts Two 2006 Tax Year 1042-Series Forms

By Ascensus October 20, 2006

October 20, 2006 – The IRS has posted 2006 tax year Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, and…

November 2006 Interest Rates

By Ascensus October 19, 2006

October 19, 2006 – The IRS has released the applicable federal interest rates for November 2006 as posted in Revenue Ruling 2006-55. These rates are…

IRS Issues 2007 Cost-of-Living Adjustments

By Ascensus October 18, 2006

October 18, 2006 – The IRS has issued news release IR-2006-162 announcing the 2007 cost-of-living adjustments (COLAs) applicable to dollar limitations for retirement plans. IRA…

IRS Updates Taxpayer Form 4972

By Ascensus October 18, 2006

October 17, 2006 – The IRS has issued 2006 tax year Form 4972, Tax on Lump-Sum Distributions. This form is used by certain taxpayers born…

2006 Form 945 and Instructions Issued

By Ascensus October 5, 2006

October 5, 2006 – The IRS has posted the 2006 Form 945, Annual Return of Withheld Federal Income Tax, and the associated 2006 instructions. Form…

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