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Lilian Hefti, was head of the BIR who assumed office in September 2007, but resigned in October 2008, for health reasons. [5] [6] On October 20, 2008, she was replaced by Sixto Esquivias, who served as deputy commissioner. [7] The Bureau currently has more than 75 BIR Forms [8] and tax classification for different professionals and businesses.
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
On top of improving electronic systems (e.g. eBIR forms, Electronic Filing and Payment System, mobile payments) the following reforms are implemented: [23] Mandatory fuel marking; Provision for use of electronic receipts; Connection of cash registers and point of sale machines to BIR servers for real time reporting of sales and purchase data
Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non ...
Updated November 25, 2024 at 6:03 AM. Mortgage and refinance rates for Monday, November 25, 2024 (carlofranco via Getty Images) Average mortgage rates open the Thanksgiving holiday week higher as ...
On May 9, 2020, I started documenting my journey on social media as a form of accountability and perhaps to help people in the same boat as me. When it came to choosing an eating plan that would ...
Use of Form W-2 was established by the Current Tax Payment Act of 1943 as part of an effort to withhold income at source. The first Form W-2s were issued to employees in 1944. [4] In 1965, the form's name was changed from "Withholding Tax Statement" to "Wage and Tax Statement" (current name). [4]
It’s holiday inflation everyone can get behind. A pair of Long Island homeowners are going big for Christmas — installing a 42-foot inflatable Santa Claus that’s attracted hundreds of onlookers.