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Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

By |2012-12-13T12:43:11-05:00December 13th, 2012|401(k) & 403(b), Employees, Individual Income Tax, Retirement, Traditional IRA|

Source: IRS.gov WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and [...]

Impending tax cliff makes business succession tax planning critical

By |2012-11-09T10:47:02-05:00November 9th, 2012|Employers, News Articles|

Source:http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2012/Tax/A_taxingsituation.jsp AICPA.com A taxing situation: Tax strategy and family business succession planning The time for family business owners to act is now. November 8, 2012 by Jim Fitts and John Weeks Succession planning is one of the most challenging and complicated concerns family business owners face. Succession planning can be difficult [...]

IRS Gives Additional Time to Taxpayers and Preparers Affected by Hurricane Sandy; File and Pay by Nov. 7

By |2012-10-31T15:15:46-04:00October 31st, 2012|Individual Income Tax|

Source: IRS.gov WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers and tax preparers affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments normally due today. The relief applies to taxpayers and tax preparers in an area affected by Hurricane Sandy or otherwise [...]

IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013

By |2012-09-05T16:07:27-04:00September 5th, 2012|Corporate Income Tax, Individual Income Tax|

source: IRS.gov Podcast Disaster Assistance: English | Spanish WASHINGTON –– The Internal Revenue Service is providing tax relief to individuals and businesses affected by Hurricane Isaac. Following recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in Louisiana and [...]

Six Tips for Charitable Taxpayers

By |2012-08-20T08:39:50-04:00August 20th, 2012|Individual Income Tax, Non-Profits|

Source: IRS.gov Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met.  Read on for six things the IRS wants taxpayers to know about deductibility of donations. 1. Tax-exempt status. Contributions must be made [...]

Tax Tips for Recently Married Taxpayers

By |2012-08-17T09:27:18-04:00August 17th, 2012|Employees, Individual Income Tax, Parents and Children|

source: IRS.gov If you’ve recently updated your status from single to married, you’re not alone – late spring and summertime is a popular period for weddings. Marriage also brings about some changes with your taxes. Here are several tips for newlyweds from the IRS. Notify the Social Security Administration It’s [...]

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