Computers Now Included in "Tax Free" Holiday Weekend of August 2nd! For the fourth straight year, Floridians will get a sales tax holiday this summer, but this year it will include computers for the first time. Lawmakers approved the exemption for computers this year after realizing how important technology is [...]
Source: IRS.gov WASHINGTON - As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the middle of February. Taxpayers using Form 8863, Education Credits, can begin filing [...]
Source:http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2012/Tax/A_taxingsituation.jsp AICPA.com A taxing situation: Tax strategy and family business succession planning The time for family business owners to act is now. November 8, 2012 by Jim Fitts and John Weeks Succession planning is one of the most challenging and complicated concerns family business owners face. Succession planning can be difficult [...]
Source: IRS.gov If the sweltering dog days of summer aren’t incentive enough to get out of the sun for awhile, the IRS suggests another reason to head indoors: organizing your tax records. Devoting some time mid-year to putting your tax-related documents in order may not only keep you out of [...]
Source: IRS.gov FL-2012-07, Jul. 5, 2012 PLANTATION — Victims of tropical storm Debby that began on June 23, 2012 in parts of Florida may qualify for tax relief from the Internal Revenue Service. The President has declared Baker, Bradford, Clay, Columbia, Duval, Franklin, Hernando, Highlands, Nassau, Pasco, Pinellas Suwannee, Union [...]
IRS Issue Number: IR-2010-089 Inside This Issue WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs). “As we prepare for [...]
INFORMATION COURTESY OF DASKAL BOLTON LLP CLICK HERE TO ACCESS THE ORIGINAL ARTICLE FOUND IN THEIR JUNE 17, 2010 NEWSLETTER The Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act (which are collectively referred to as the healthcare legislation) were signed into law in March. [...]
Small businesses, charities face more reporting rules By Sandra Block, USA TODAY July 8, 2010 A little-known provision in the health care reform law could significantly increase tax recordkeeping requirements and costs for nearly 40 million self-employed workers, small businesses and charities, the IRS' national taxpayer advocate said Wednesday. Starting [...]
The House passed the Small Business Jobs Tax Relief Act of 2010 on Tuesday. The bill would eliminate certain tax penalties for small businesses, allow the exclusion of 100% of capital gains on investments in qualifying small-business stock, and allow the deduction of up to $20,000 in startup costs unrelated [...]
WASHINGTON — As part of a larger Administration announcement on efforts to strengthen the health care workforce, the Internal Revenue Service today announced that under the Affordable Care Act health care professionals who received student loan relief under state programs that reward those who work in underserved communities may qualify [...]
