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Tax Form

Tax Refund Amounts Fell During Delayed Tax Season

Tax Refund Amounts Fell During Delayed Tax Season Changes to the tax laws at the beginning of the year resulted in a delayed tax season in which the average tax refund declined slightly, according to a new government report. The report, released Thursday by the Treasury Inspector General for Tax Administration, found that the average […]

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New Form I-9 Released

On March 8, 2013, USCIS released a new Employment Eligibility Verification Form I-9. Employers should begin using the new Form I-9 with revision date 03/08/13 immediately for all new hires. The revision date is on the lower left of the new form (Rev. 03/08/13)N. Employers may continue to use previously valid Forms I-9 (Rev. 08/07/09Y […]

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After The Fiscal Cliff Deal: Estate and Gift Planning Explained

Estate and Gift Planning After The Fiscal Cliff Deal Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate and gift planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day […]

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medicare surtax

IRS Provides Guidance on Next Year’s Medicare Surtax

As Congress continues to argue about how to handle the approaching “fiscal cliff,” taxpayers should be aware that there is one new tax taking effect next year that is not part of the tax breaks expiring at the end of this year. Background: The “fiscal cliff” or “Taxmageddon” generally refers to a combination of upcoming […]

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tax planning

2012 Year-End Tax Planning Strategies and Changes Coming in 2013!

Year-end tax planning is always complicated by the uncertainty that the following year may bring and 2012 is no exception. Indeed, 2012 is one of the most challenging in recent memory for year-end tax planning. A combination of events – including possible expiration of some or all of the “Bush-era” tax cuts after 2012, the […]

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Healthcare Tax Changes that Remain in Place

Healthcare tax changes currently in place from the Patient Protection and Affordable Care Act of 2010 The massive healthcare legislation, which was upheld by the June 28th historic Supreme Court ruling, contains many tax provisions that go into effect at various times. The Supreme Court’s decision will allow them to remain in place or phase in going forward. […]

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“Taxmageddon” – Prepare to Potentially Pay More on Investment Income On January 1, 2013, an array of tax increases will kick in and leave Americans with significantly larger tax bills — unless Congress acts. Increases are scheduled on capital gains, dividends and the tax rates on wages. That’s not all. More people will be liable […]

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