The IRS has extended the time to meet two filing requirements that may benefit you.
Asset basis consistency statement. Executors of estates who are required to report the value of assets to beneficiaries now have until June 30, 2016, to file statements with the IRS and the beneficiaries.
Work Opportunity Tax Credit. Employers who hired qualified workers in 2015 have until May 31, 2016, to file the paperwork to claim the Work Opportunity Tax Credit.
Contact us for details about these new deadlines.