13Dec
Changes to Filing Dates
Taxes

As part of the Highway funding bill that passed earlier this year, there will be a change in the due dates of tax returns for tax years beginning after December, 2015.

For calendar year 2016 tax returns, partnership will now be due on March 15, 2017 which is a month earlier.  Previously partnership returns were not due until April 15.

C corporation returns will now be due April 15, 2016 which is a month later.  Previously these were due on March 15.

If you have any questions about these changes or how they may affect your filing, please contact our office.

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13Dec
FAFSA Changes Make 2015 Very Important Tax Year
Taxes

If you have a college student or high-school senior, you need to be aware of some big changes to the rules for filing a Free Application for Federal Student Aid (FAFSA). Your 2015 income will have double the impact on college aid packages since President Obama signed an Executive Order on September 14, 2015, effectively changing the method of using prior year income to a new prior-prior year method.

This new method will make it easier for most families to fill out the FAFSA and get the appropriate information to their choice colleges so that financial aid packages can be determined.

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Hancock & Dana, PC
Certified Public Accountants and Business Consultants
12829 West Dodge Road, Suite 100
Omaha, NE 68154

Phone: 402.391.1065
Fax: 402.334.9498

Email: info@hancockdana.com