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DIRECT DEPOSIT PUTS YOUR MONEY IN YOUR POCKET...FASTER

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Don't wait around for a paper check. Have your federal (and state,…

PREPARED FOR THE NEW SURTAX?

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As part of Obama Care, we have a new tax beginning in 2013. The…

READY FOR A TAKE-HOME PAY CUT?

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For two years, employees have enjoyed a 2% reduction in the FICA…

IRS DELAYS ACCEPTING 2012 RETURNS FOR PROCESSING

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The procrastination in reaching a tax-bill compromise, by our…

NOT TOO LATE TO MAKE A TAX-FREE IRA DISTRIBUTION TO CHARITY FOR 2012

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If you are 70.5 years of age or older and are considering making…

PRESIDENT SIGNS AMERICAN TAXPAYER RELIEF ACT OF 2012

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President Obama on January 2 signed the American Taxpayer Relief…

CONGRESS AVOIDS THE FISCAL CLIFF

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As we were going to press with this newsletter, the Senate and…

DON’T FORGET THOSE NOMINEE 1099S

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On December 22, 2017, The Tax Cuts and Jobs Act was signed into…

DON'T FORGET YOUR MINIMUM REQUIRED DISTRIBUTION FOR 2012

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The IRS does not allow IRA owners to keep funds in a Traditional…

DON’T BE A VICTIM!

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Not too long ago, we cautioned you about being duped by Internet…

DON’T FORGET THOSE NOMINEE 1099S

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For tax purposes, if you receive income in your name that actually…

PORTABILITY OF A DECEASED SPOUSE’S ESTATE TAX EXEMPTION EXPLAINED.

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Estates of decedents who died from January 1, 2011 through December…

WHEN 1099S MUST BE FILED

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If you use independent contractors to perform services for your…

LATE FILING AND LATE PAYMENT PENALTY ABATEMENT

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A little-known provision within the Internal Revenue Manual (IRM)…

SPLITTING INHERITED IRAS BEFORE YEAR'S END

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If you or others were the beneficiaries of an inherited IRA whose…

YEAR-END TAX PLANNING MOVES FOR BUSINESSES

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As the end of the year approaches, many are looking for ways…