Tag Archives: United States

IRS Sheds Some Light on the Premium Tax Credit Enacted as Part of PPACA

[Editor’s Note] I started my career as a CPA specializing in taxes back in 1987, and right off the bat had to deal with the massive Tax Reform Act of 1986. Since that complicated set of tax rules was implemented … Continue reading

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IRS Delays Tax Season

The IRS has announced it will delay the start of tax season due to the Federal government shut-down.  The agency needs adequate time to program and test tax processing systems prior to the start of next tax season. The earliest … Continue reading

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Now’s the time for Mid-Year Projections

Now’s the time to get a Mid-Year Tax Projection to see how you’ll do on April 15 next year. If you have self-employment income, made a job change during the year, have multiple sources of income, or just want to … Continue reading

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Disability Business Overhead Expense Insurance

By guest author Lawrence B. Keller, CLU, ChFC, CFP® As the owner of a medical or dental practice, you are the key to its success. Your patients and staff rely on you. If you become disabled, you may be unable … Continue reading

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Part 1: New Tax Rules, Hikes and Strategies for 2013

Tax hikes in 2013 mean it’s time to revisit available tax breaks. Effective 1/1/13, taxes increased for many well-paid Americans. Here are three separate tax hikes that might affect you: Top federal income tax rate now 39.6% Top Medicare tax … Continue reading

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Free Webinar Link: Get Your Deductions

Check out Andrew Schwartz’s webinar “Get Your Deductions: Moonlighting and Deducting Professional Expenses Made Easy” http://www.screencast.com/t/Zksfdssln Are you unsure what expenses you can deduct from your moonlighting income? Not sure what to track all year for professional expenses? Do you … Continue reading

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IRS2Go Mobile app to check your refund

Don’t foget to check out the free mobile app, IRS2Go. You can: check on your refund status get your tax record get the latest IRS news get tax updates If you have an Apple iPhone or iTouch, you can download … Continue reading

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THE NEW AMERICAN TAXPAYER RELIEF ACT – PART 2

By Michael Bohigian, EA In part 1 of this series, we looked at the income side of the American Taxpayer Relief Act of 2012.  We’ll wrap up with Deductions and some tax-savings tips. What’s Being Deducted From Your Deductions Please, … Continue reading

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THE NEW AMERICAN TAXPAYER RELIEF ACT: HOW MUCH RELIEF IS IN IT FOR YOU?

By Michael Bohigian, EA The American Taxpayer Relief Act of 2012 rescued the vast majority of Americans from the tax edge of the “fiscal cliff” and the steep tax increases scheduled to kick in as the Bush tax cuts expired … Continue reading

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WHAT’S NEW WITH THE FICA REFUND?

In a shocking development, the IRS recently announced that they will be honoring the FICA tax refunds submitted by residency programs and individual doctors.  The catch is that only FICA taxes paid prior to 4/1/05 qualify. For more information, go … Continue reading

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