July 16, 2018
The Combat-Injured Veterans Tax Fairness Act of 2016, enacted December 2016, allows certain veterans who received lump sum disability severance payments additional time to file a claim for credit or refund of an overpayment attributable to the disability severance payment. The law directed the Secretary of Defense to identify disabililty severance payments paid after 17 January 1991, that were included as taxable income on Form W-2, Wage and Tax Statement, but were later determined to be nontaxable and to provide notice of the amount of that payment. The Department of Defense is mailing letters to affected veterans (letters 6060-A and 6060-D) in July 2018.
Combat-Injured Veterans Tax Fairness Act Claim Information Available. (11 July 2018). Retrieved from https://www.irs.gov/individuals/military/combat-injured-veterans-tax-fairness-act-claim-information-available
Any business that deals with financial data is a target for today’s aggressive cybercriminals…and accounting firms are not exempt. Because of the sensitive information we possess, accounting professionals have moved to the top of the hacker’s hit list.
As the holiday season is upon us, we would like to take this opportunity to thank you. It is you who makes our job a pleasure and keeps our company successful. May your holiday season and the new year be filled with much joy, happiness and success. We look forward to working with you in the coming year!
Happy Holidays from all of us at O'Donnell...
Our Summer Hours have ended. We are now back to our normal business hours of Monday through Friday from 8 a.m. to 5