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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
As we were going to press with this newsletter, the Senate and…
DON’T FORGET THOSE NOMINEE 1099S
On December 22, 2017, The Tax Cuts and Jobs Act was signed into…
DON'T FORGET YOUR MINIMUM REQUIRED DISTRIBUTION FOR 2012
The IRS does not allow IRA owners to keep funds in a Traditional…
DON’T BE A VICTIM!
Not too long ago, we cautioned you about being duped by Internet…
DON’T FORGET THOSE NOMINEE 1099S
For tax purposes, if you receive income in your name that actually…
PORTABILITY OF A DECEASED SPOUSE’S ESTATE TAX EXEMPTION EXPLAINED.
Estates of decedents who died from January 1, 2011 through December…
WHEN 1099S MUST BE FILED
If you use independent contractors to perform services for your…
LATE FILING AND LATE PAYMENT PENALTY ABATEMENT
A little-known provision within the Internal Revenue Manual (IRM)…
SPLITTING INHERITED IRAS BEFORE YEAR'S END
If you or others were the beneficiaries of an inherited IRA whose…
YEAR-END TAX PLANNING MOVES FOR BUSINESSES
As the end of the year approaches, many are looking for ways…
IRS ANNOUNCES 2013 AUTOMOBILE MILEAGE RATES
Taxpayers may choose to deduct business automobile expenses using…
EDUCATION CREDIT GOING AWAY IN 2013?
Unless Congress extends it, the American Opportunity Tax Credit…
YEAR-END TAX PLANNING MOVES FOR INDIVIDUALS
Uncertainty dominates year-end tax planning this year. Unless…
YEAR-END TAX PLANNING MOVES FOR INDIVIDUALS
Uncertainty dominates year-end tax planning this year. Unless…
WILL CAPITAL GAINS BE CHANGED?
Currently, capital gains rates for the sale of assets held over…