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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…

IRS ANNOUNCES 2013 AUTOMOBILE MILEAGE RATES

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Taxpayers may choose to deduct business automobile expenses using…

EDUCATION CREDIT GOING AWAY IN 2013?

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Unless Congress extends it, the American Opportunity Tax Credit…

YEAR-END TAX PLANNING MOVES FOR INDIVIDUALS

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Uncertainty dominates year-end tax planning this year. Unless…

YEAR-END TAX PLANNING MOVES FOR INDIVIDUALS

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Uncertainty dominates year-end tax planning this year. Unless…

WILL CAPITAL GAINS BE CHANGED?

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Currently, capital gains rates for the sale of assets held over…