Barnes Saly & Company, P.C.
CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS

April 2016 Newsletter
 
This year's tax filing deadline is fast approaching, contact us if you need an extension of time to file your return.
April 18th will also mark the last chance taxpayers have to file a return for 2012. According to the IRS, nearly one million taxpayers who failed to file a return for 2012 are in danger of losing refunds. Tax law provides a three-year period to claim a refund when no return is filed. That means you'll have to file a tax return for 2012 no later than this year's April tax deadline - or the chance to claim the refund is gone for good. 
Don't forget the deadline to file or extend an Individual Tax Return is Monday, April 18, 2016
Monthly Articles:
  • Congress takes first steps to tax reform
  • FBAR, Form 8938 filings increase as taxpayers become more aware of reporting requirements
  • IRS focuses on new partnership audit rules
  • How do I? Set up a like-kind exchange
  • FAQ: What is the Roth IRA contribution limit for 2016
  • April 2016 tax compliance calendar 
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Thanks for reading, let us know if you have any questions or comments.
Sincerely,
 
Becky Berkey
Firm Administrator
Barnes, Saly & Company P.C.

Analyzing Yesterday. Adjusting Today. Planning Tomorrow.
Federal Tax Alerts
  • April 18 filing deadline nears, IRS processing systems keeping up with high volume of returns
  • IRS prepares new exam process for large businesses in challenging audit environment
  • IRS removes Cuba from list of countries with foreign tax restrictions
  • IRS releases 2016 adjusted foreign housing allowances; many locations remain high-cost areas
  • Supreme Court declines to review three tax shelter cases; lack of economic substance holding stand 
Welcome to Direct Pay!

On April 6, 2016, the IRS announced that it now offers a secure service to pay your individual tax bill or estimated tax payments directly from your checking or savings at no cost.

Read more HERE.
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JOHNSTOWN OFFICE:
637 Ferndale Avenue, Ste 100
Johnstown, PA  15905
814.288.1544

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423 Georgian Place
Somerset, PA 15501
814.445.2030