It seems that, much like the Atlanta weather, if you don’t like today’s tax law -just hang on and it’ll be different next week.
With new changes coming on the home office deduction, reporting of savings accounts, how IRS has managed the new preparer requirements etc, perhaps we should have a quick bit of fun. There’s a lot of swearing in (and swearing at as well) of members of Congress and the President this month. Nothing strikes closer to…congress, crime, humor, white collar
You may remember our post a few weeks ago where the IRS predicted that the fiscal cliff may cause filing delays until the end of March for complex returns. Due to a semi-solution by Congress, we now have IRS confirmation that January 30 is approved as the first day for E-Filing. Advanced returns will still be…2012, congress, E-File, irs
We’ve reviewed the 157 page sorry excuse for a err I mean problem-solving bill Congress passed last night. Sorry that it is (raises taxes, but no spending cuts to speak of), we at least have an idea of what’s coming in 2013. Here are the main (but not all) areas that will effect your return…2013, alternative minimum tax, congress, fiscal cliff, irs
We would simply overstate your net income by 384%! Not surprisingly, the White House and Congress speak of the yearly deficit in amounts of 1.3 trillion. However, if we use the same accounting rules that your business and my business are required to follow, the numbers change to roughly 5 trillion. Most financial…congress, deficit, usatoday, whitehouse