Friday, October 7, 2011

Thinking on This Week's Senate Surtax

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The Senate Democrats have offered yet another tax to pay for yet another $447 billion stimulus package. They now want to impose a 5.6% surta...
Wednesday, October 5, 2011

Small Business Health Care Tax Credit Redux

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We’ve been looking again at the small business health care tax credit. Truthfully, I have been less than impressed with this credit, at leas...
Monday, September 26, 2011

Employee or Contractor? There Is a New IRS Program

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One of my individual tax clients came in around ten days ago. He brought his 2010 tax information, including a cleaning business reported as...
Thursday, September 22, 2011

President’s “Plan For Economic Growth and Deficit Reduction”

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I was reviewing the tax provisions of the President’s “Plan for Economic Growth and Deficit Reduction.” It is possible that the “Super Comm...
Monday, September 19, 2011

IRS Extends Key Deadline for 2010 Estates

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On September 13, 2011 the IRS announced that estates of 2010 decedents will have until next year to file certain tax forms and pay the relat...
Thursday, September 15, 2011

Thinking About The New Medicare Taxes

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You may recall that Obamacare incorporated certain tax increases, albeit delayed in some cases. I have been revisiting the payroll tax chang...
Monday, September 12, 2011

Danger With Brother-Sister S Corporations

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Let’s talk about the Broz case. This case involves brother-sister S corporations and claiming tax losses. It does have a fact pattern which...