is now 
“Healthy” Medical Deductions
March 12, 2013
Taxpayers who itemize their deductions may deduct medical expenses they paid exceeding 7.5 percent their adjusted gross income and this limitation increases to 10% of AGI in 2013.
Category: General Information
ATRA & AMT -OMG!
March 11, 2013
The alternative minimum tax makes tax planning much more difficult, and often taxpayers whose annual incomes have increased are unpleasantly surprised when they learn they owe AMT.
Deduction Instruction: Deducting State Taxes
March 8, 2013
If you made a large purchase, such as an automobile, that incurred a substantial sales tax charge, you can choose your sales taxes paid OR the your state income taxes paid in the tax year as a deduction…
Late Forms from IRS Lead to Protest
March 4, 2013
CPA firms and organizations throughout the country are doing their part to petition for taxpayer relief. These organizations are raising a question of fairness, as taxpayers wait on the IRS, though IRS deadlines aren’t waiting for taxpayers.
Education Expense Relief
February 26, 2013
The new tax law package has some good news for families who are seeking tax relief for education expenses.
“Fair” Tax Controversy
February 25, 2013
The idea is to eliminate federal income taxes and replace them with sales and use taxes on everything a consumer buys. But…What would happen if all purchases of products and services would be subject to an average 25% to 35% sales tax or higher?
Is that Taxable?
February 18, 2013
Remember that income includes not only money, but also property and services.
Worst States for Tax Rates
February 14, 2013
New “tax climate” rankings have been released giving a state-by-state view of the overall impact of all types of taxes on your pocketbook. The range of the tax impact in the Midwest goes from average to not-so-good.
Guns and Taxes
February 13, 2013
Heated debate on gun control is causing a re-emergence of arguments on the effect of excise taxes, sometimes referred to as “hidden” taxes, as analysts determine the economic impact of changing laws.
