Itemized Deductions: From Common and Easy to Unusual and Tricky
For additional information regarding 2014 tax planning, you can download our 2014 Tax Planning Guide from the Resources tab on our website. For most taxpayers, questions about what is deductible far outnumber the questions about what is taxable. Why? Most income is reported to you and the IRS shortly after year-end on standard documents…
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Tax Extenders – What You Need to Know
In addition to being unnecessarily complex, another frustrating aspect of tax compliance is that the rules change every year. 2014 is no exception. Each year, Congress and the President review the tax rules slated for expiration in the upcoming year and, for the most part, enact legislation to extend those rules for the next year….
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Fiscal Cliff Averted? It All Depends.
Search the term “fiscal cliff averted” and you’ll get about 57 million hits in a quarter of a second. Is that proof enough that we did, in fact, avoid a cataclysmic spill over a scary economic precipice? As a nation, perhaps so. But if you now find yourself approaching the highest income tax bracket, you…
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How Latest Tax Changes Will Affect You or Your Company
The U.S. Supreme Court ruling on June 28, 2012, upheld the Patient Protection and Affordable Care Act of 2010. Individuals and business owners can expect to see several changes over the next few years depending on the results of the presidential election on Tuesday, November 6. Listed below are a few highlights of the upcoming…
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