Unless you avoid the news and if you do, I can’t say a blame you, you probably heard the term Tax-maggedon or the Fiscal Cliff bandied about by the news clones for several months of 2012. Even as disaster loomed the parties in the lame duck congress and the president [...] Read more »
December 17: 2010 Tax Relief Act
Note: Much of the following is extracted from the Senate Finance Committee’s explanation of Reid-McConnell Tax Relief, Unemployment Insurance Reathorization and Job Creation Act, which incorporated the amendments to HR4853 that President Obama negotiated with the Senate and passed back to the House. There was some debate in the house about the Estate [...] Read more »
September 2010 Tax Update
Congress continues to do nothing. There is a lot of speculation about what they might do and when, but basically things are pretty much where they have been for months. Some think that congress will act on extending the Bush tax cuts, extending provisions that lapsed at the beginning of [...] Read more »
Midyear Tax Update 2010.
So we are halfway through the year; congress has done nothing except pass health care reform. There are rumors that incumbents are so terrified of losing their jobs, that they are afraid to act. I don’t know about you, but congress’s inactivity also speaks to me-it’s congress’s job to make these [...] Read more »
Individuals — Start Thinking About 2010 Taxes Now
Did you get a huge tax refund this year? Most people feel pretty good about that until they realize they gave the government an interest free loan of all that money they just got back. If you received several thousand dollars back from the IRS this year, you may want to consider [...] Read more »