The Internal Revenue Service (IRS) will extend this yearâs federal income tax filing deadline from April 15 to May 17 to give people more time to navigate challenges presented by the coronavirus pandemic. Taxpayers can also delay payment of any money owed the agency until May 17. Those who need more time to submit their…
USPS and the Internal Revenue Service are encouraging employees to conduct a paycheck checkup to determine whether they need to update their tax withholding for 2020. Updating federal withholding is especially important for employees who had an unexpectedly high tax bill or a penalty this year. Similarly, employees who have had a major life change…
Millions of taxpayers continue to mail their returns each April 15, although not in the numbers they once did. The Postal Service cancelled 72.9 million pieces of First-Class Mail on Tax Day in 2014, down from 100.4 million pieces a decade earlier. (USPS doesnât distinguish between tax returns and other types of First-Class Mail.) More…
By Shawn McCoy – January 13, 2015 A new compliance report from the United States Postal Service (USPS), coupled with frank comments from outgoing Postmaster General Patrick Donahoe, raise serious concerns about the direction the post office is headed. USPS has lost $26 billion over the past three years, and the rate of loss has…
In a pre-Internet era, the Editorial Board hoped technology would help cut post office costs. Each Monday, we turn to a day in the newspaperâs history for a look at what the Editorial Board found worthy of comment. We will preserve the punctuation and capitalization of the original editorial column. Below is an editorial from…
Most of us are aware of the timely-mailed-timely-filed “mailbox rule” contained within the Internal Revenue Code. Most of us are probably also aware that a document mailed with a private delivery service may also qualify for the rule. However, as illustrated by the U.S. Tax Court’s recent decision in Sanders v. Commissioner, there are important…
Canada Post is preparing for a 50 per cent drop in the volume of mail and will have to reinvent itself over the next five years, says CEO Deepak Chopra. The Crown corporation, which is weathering a blast of criticism from the public for its decision to end home delivery and raise postal rates, faces…
