Latest From the Blog
Yet Another Part of the Tax Law That Leaves us Hanging | Tax Tip of the Week | No. 161
I recently fielded a question from one of our clients that I felt would be of interest to many of our readers.
Penalty Relief and Expanded Installment Agreements | Tax Tip of the Week | No. 160
The IRS announced an expansion of the “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making installment agreements available to more people.
What You Should Consider Now | Tax Tip of the Week | No. 159
Two weeks ago we discussed upcoming 2013 tax increases due to the health care bill. Last week we looked at potential tax increases if the current tax cuts are not extended. This week are some suggestions to consider for the remainder of 2012 while we know what the tax rules are.
A "Perfect Storm" Brewing | Tax Tip of the Week | No. 158
Last week we looked at some pending tax increases in 2013 as a result of the Supreme Court upholding the major provisions of the Patient Protection and Affordable Care Act (Obamacare).
What Does the Supreme Court Ruling on the Health-Care Reform Law Mean for you? | Tax Tip of the Week | No. 157
On June 28, 2012, the U.S. Supreme Court ruled, in a landmark decision, that the Patient Protection and Affordable Care Act (ACA), including the provision that most Americans must carry health insurance or pay a penalty, is constitutional.
Depreciation Updates | Tax Tip of the Week | No. 156
Generally speaking, any asset purchased by a business that is expected to last more than one year must be depreciated over the useful life of that asset.