Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Military Reservists, Enlistees May Get Deferral of Back Taxes


Reservists called to active duty and enlistees in the armed forces may qualify for a deferral of taxes owed if they can show that their ability to pay taxes was affected by their military service.

The deferral covers active duty members of the military services - Army, Navy, Air Force, Marine Corps and Coast Guard - and commissioned officers of the uniformed services - Public Health Service and the National Oceanic and Atmospheric Administration. Reservists must be placed on active duty to qualify. National Guard personnel not serving in a "federalized" status - that is, called to active duty specifically by the president of the United States - are not covered.

The deferral applies to taxes that fall due before or during military service, and extends the payment deadline to six months (180 days) after the military service ends. No interest or penalty accrues during the deferral period.

The deferral is not automatic. A taxpayer must apply for it. When applying, the taxpayer must show how the military service affected the taxpayer's ability to pay. A taxpayer must also have received a notice of tax due, or have an installment agreement with the IRS, before applying for the deferral.

The deferral does not extend the deadline for filing any tax returns. However, taxpayers in the armed forces may get extra time to file under other provisions, such as being stationed overseas, in a combat zone or in a qualified hazardous duty area, or if they are serving in direct support of a combat zone.

Combat Areas

The following areas of have been designated as combat areas.

1. Afghanistan and the airspace above was designated a combat zone effective Sept. 19, 2001.

2. The Federal Republic of Yugoslavia (Serbia/Montenegro)

3. Albania

4. Bosnia and Herzegovina

5. Croatia

6. Macedonia

7. The Adriatic Sea

8. The Ionian Sea - north of the 39th parallel

9. The Persian Gulf

10. The Red Sea

11. The Gulf of Oman

12. The part of the Arabian Sea that is north of 10 degrees north latitude and west of 68 degrees east longitude

13. The Gulf of Aden

14. The total land areas of Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates

15. Incerlik Air Base in Turkey

16. Pakistan, Tajikistan and Jordan

17. Uzbekistan and Kyrgyzstan

18. The Philippines

19. Yemen

20. Djibouti

While deferring back taxes is a helpful notion, a better method would be simply to waive all taxes on military personnel.

Richard Chapo is CEO of http://www.businesstaxrecovery.com - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review.


MORE RESOURCES:

Taxes - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Mixed signals sent on fate of tax bill's health provision - Seattle Times


Seattle Times

Mixed signals sent on fate of tax bill's health provision
Seattle Times
White House adviser Ivanka Trump and Treasury Secretary Steve Mnuchin speak in Bayville, N.J., Monday, Nov. 13, 2017, about tax overhaul, where they promised legislation moving through Congress would simplify the tax code and ease burdens on ...
Mulvaney: White House 'OK' pulling individual mandate repeal from tax bill Politico
Mick Mulvaney: The White House is open to dropping individual mandate repeal from tax reform Washington Examiner
White House would ditch attack on Obamacare in order to pass tax bill The Guardian
Washington Post  - ThinkProgress
all 37 news articles »

Property taxes likely here to stay in Pa. Here's why - Philly.com


Philly.com

Property taxes likely here to stay in Pa. Here's why
Philly.com
Now some Pennsylvania lawmakers and grassroots groups — along with a majority of voters who approved a constitutional amendment on Election Day — want to go against about 8,000 years of history and eliminate a tax that today is a primary means of ...
In Democrat-led state capitals, GOP tax reform push could scramble ... Politico

all 7 news articles »

Mulvaney's Bold Promise: Middle Class Won't See Tax Increase - New York Magazine


New York Magazine

Mulvaney's Bold Promise: Middle Class Won't See Tax Increase
New York Magazine
Mick Mulvaney, who may soon take over a consumer protection agency he wants to eliminate, appeared on CNN's State of the Union Sunday morning to defend the massive tax cuts wending their way through Congress. His primary tactic: confuse.

Democrats see backlash over Republicans' tax bill as a key to winning in the suburbs - Washington Post


Washington Post

Democrats see backlash over Republicans' tax bill as a key to winning in the suburbs
Washington Post
HOLLIS, N.H. — For decades, the battle lines in New England's most politically conservative state were clear. Republicans ran on tax cuts. Democrats ran on targeted tax credits. Both parties kept New Hampshire free of a state income or sales tax ...
The GOP Is Fooling Itself on Taxes New York Times
Republican Sen. Susan Collins: 'I want to see changes' in Senate tax bill ABC News
Trump open to dropping healthcare provision in Senate tax bill -aide Reuters
USA TODAY  - CNBC  - The New Yorker
all 4,468 news articles »

Treasury chief cites good talks on taxes with GOP senators - Chicago Sun-Times


Chicago Sun-Times

Treasury chief cites good talks on taxes with GOP senators
Chicago Sun-Times
Mnuchin tells “Fox News Sunday” that he wants to make sure the lawmakers' views are incorporated before the Senate vote. Sen. Ron Johnson of Wisconsin opposes the measure, saying it doesn't cut business taxes enough for partnerships and corporations.

and more »

Week In Politics: Taxes And Sexual Harassment - NPR


Week In Politics: Taxes And Sexual Harassment
NPR
Clare Malone, senior political writer for FiveThirtyEight, joins NPR's Lulu-Garcia Navarro for a roundup of the latest political news. Facebook; Twitter; Email. Subscribe to the NPR Politics Podcast. Listen on NPR One · Apple Podcasts · Google Play ...

House Republicans celebrated after punishing Californians and the poor with their tax bill - Los Angeles Times


Los Angeles Times

House Republicans celebrated after punishing Californians and the poor with their tax bill
Los Angeles Times
To the editor: The photo you ran in the paper of the celebrating House members and a quote in the article by Sen. Dianne Feinstein say it all. (“House passes its tax reform plan as Senate version comes under new attack,” Nov. 16). Having passed a ...

and more »

A middle-class tax cut? Hardly. - Los Angeles Times


Los Angeles Times

A middle-class tax cut? Hardly.
Los Angeles Times
President Trump and his Republicans are still trying to sell their tax bill as a “middle class tax cut.” The middle class isn't buying it—but that won't stop Congress from passing some version of their plan. The GOP's tax proposal was always going to ...
Who benefits? Mixed messages on the GOP tax plan - NBC News NBCNews.com
Utah's representatives don't want to tax tuition waivers, but they ... Salt Lake Tribune
The greatest flaw of the GOP tax plan Motley Fool

all 71 news articles »

Apple, Cisco, Google, Microsoft And Oracle Already Have A Tax Rate Below 20% - Forbes


Forbes

Apple, Cisco, Google, Microsoft And Oracle Already Have A Tax Rate Below 20%
Forbes
The US House of Representatives and Senate are both working to pass tax reform that has President Trump's 20% corporate tax rate goal. It is touted that since the US tax rate is 35% and is higher than pretty much every other country the US needs to ...

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

PrimeNews Domain Is For Sale - $5,000 For Enquiries eMail Us

© www.PrimeNews.biz - 2012

home | site map | links