IRA Distributions to Charity
Older taxpayers who plan to use IRA distributions to make charitable contributions should bear in mind that the favorable tax provision for doing is slated to expire at the end of this… Continue On +
Bonus Depreciation and 179 Deductions Set to Expire
If you have been trying to decide whether or not to buy a new piece of dental equipment or build out a space in your office, now may be the time. Rules… Continue On +
Claiming the Child and Dependent Care Tax Credit
The Child and Dependent Care Credit can help offset some of the costs you pay for the care of your child, a dependent, or disabled spouse. Here are some facts you may… Continue On +
Tax Tips for Newlyweds
This time year is popular for weddings. So if you are a newlywed there are some important issues that need be taken care of—after the honeymoon. Now that you are married, your… Continue On +
Congress Puts Lid On Health Flexible Spending Arrangements
As part of the Patient Protection and Affordable Care Act (new health care law), employee contributions to health flexible spending arrangements (health FSA) are now being limited to a maximum pre-tax contribution… Continue On +
Defense of Marriage Act (DOMA)
Section 3 of the “Defense of Marriage Act (DOMA)” previously defined “marriage” as a legal union between one man and one woman who are husband and wife, as well as a “spouse”… Continue On +
Fee on Insurance Policies to Support Patient-Centered Outcomes Research Institute
The Affordable Care Act establishes a private, nonprofit Patient-Centered Outcomes Research Institute (PCORI) that is responsible for conducting comparative clinical effectiveness research and providing information to help health care providers evaluate and… Continue On +
Where’s My Refund?
There used to be a fast-food commercial where an old lady, with a crusty voice, yells “where’s the beef?!” This year I have been reminded of that commercial many times because it… Continue On +
How Worried Should You Be About Getting Audited?
At first the above seems like a fairly ill-defined question to ask. It’s a bit like asking “should I be concerned that one day a tree is going to fall on my… Continue On +
The New Form I-9
The U.S. Citizenship and Immigration Services (USCIS) has released the Revised Employment Eligibility Verification Form (Form I-9). The new Form I-9 is available at http://www.uscis.gov/files/form/i-9.pdf and all employers should being using this… Continue On +
Charitable Contributions and Substantiation
If you donate less than $250 by cash, check or credit card no formal acknowledgment by the charity is required. You must keep record of a cancelled check, credit card receipt or… Continue On +
Employee vs. Independent Contractor
The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is intensely factual, and the stakes can be… Continue On +