IRS Releases 2005 Tax Year Form 1042

By Ascensus October 20, 2005

The IRS has released the 2005 tax year Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. This form is used…

Deadline Postponements Due to Wyoming Tornado

By Ascensus October 14, 2005

The U.S. Department of Labor (DOL), Pension Benefit Guaranty Corporation (PBGC), has issued a news release concerning relief granted to certain victims of a tornado…

IRS Issues Cost-of-Living Adjustments for 2006

By Ascensus October 14, 2005

The IRS, on Friday, October 14, 2005, has issued the cost-of-living adjustments (COLAs) for 2006 for various retirement savings amounts relating to IRAs, IRA-based retirement…

SSA Announces 2006 Taxable Wage Base Increase

By Ascensus October 14, 2005

The Social Security Administration announced Friday, October 14, 2005, the taxable wage base (TWB) for 2006. The 2006 figure is $94,200 (increased from $90,000 for…

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