News
Energy Credits
Improving the energy efficiency of your home may reduce your taxes! Energy tax credits are still available for 2011. Tax... Read More
Repeal of Expanded Form 1099 Reporting
The Patient Protection and Affordable Care Act (PPACA) included a very controversial provision that would require businesses to report payments... Read More
Health Care Act Changes Effective 2011
The Patient Protection and Affordable Care Act (PPACA) requires that the aggregate cost of employer-sponsored health insurance coverage be reported... Read More
New Hire Retention Credit
The Hiring Incentives to Restore Employment Act (HIRE Act) provides a credit to employers that hire certain previously unemployed workers... Read More
Another New Tax for 2013
For tax years beginning on or after January 1, 2013, individuals, certain trusts, and estates will be subject to an... Read More
Expanded Form 1099 Reporting Requirements
The Housing Assistance Tax Act of 2008 requires banks and other payment settlement entities to file the new Form 1099-K... Read More
Tax Extenders
Many of the "traditional" tax extenders are extended for two years. Among many others, the extended provisions include the election... Read More
Business Tax Relief
Businesses can write off 100% bonus depreciation of their qualified equipment and machinery purchases, effective for property placed in service... Read More
AMT
An AMT "patch" for 2011 will keep the AMT exemption near current levels and allow personal credits to offset AMT. ... Read More
Tax Credits
Key tax credits for working families that were enacted or expanded in 2009 will be retained. The new law extends: The... Read More
Estate Taxes
The estate tax will be reinstated for 2011 and 2012, with a top rate of 35%. The exemption amount will... Read More
Tax Rates
The current income tax rates will the retained for two years (2011 & 2012), with a top rate of 35%... Read More
Payroll Taxes Cut
Employees and self-employed workers will receive a reduction of two percentage points in Social Security payroll tax in 2011, bringing... Read More
Work Opportunity Tax Credit
For many years, federal tax law has provided employers with a tax credit for hiring disadvantaged workers. The Work Opportunity... Read More
Tax Exclusion of the Sale of a Principal Residence
When you sell your principal residence, you can exclude from income up to $250,000 in gains ($500,000 if married filing... Read More