What Would You Do if You Had 20 Hours Free to NOT Deal With Your Taxes?

With at least 3 billion taxpayers in the US, it’s been reported by Nina Olson, the national taxpayer advocate, that altogether we spend 6 billion hours trying to decipher how to do our taxes  That equals about 20 hours per person.  The tax code contains somewhere in the ballpark of 4 million words and is […]

Follow With at least 3 billion taxpayers in the US, it’s been reported by Nina Olson, the national taxpayer advocate, that altogether we spend 6 billion hours trying to decipher how to do our taxes  That equals about 20 hours per person.  The tax code contains...

Important Details About the Taxpayer Relief Act of 2012

Highlights of the American Taxpayer Relief Act of 2012 include:   The lower Bush-era tax rates are now permanent for 2013 and beyond, with the exception of high income earners (individuals with taxable income of more than $400,000, $425,000 for head of household, and $450,000 married, filing jointly) whose rates will increase from 35% to […]

Follow Highlights of the American Taxpayer Relief Act of 2012 include:   The lower Bush-era tax rates are now permanent for 2013 and beyond, with the exception of high income earners (individuals with taxable income of more than $400,000, $425,000 for head of...

How the Fiscal Cliff Act Passed on January 1st will Affect You and Your Business

On January 1st, Congress acted at the last minute and permanently preserved most of the George W Bush-era tax cuts (EGTRRA and JGTRRA) as well as extended other lapsed tax provisions.   The EGTRRA is the Economic Growth and Tax Relief Reconciliation Act of 2001   The JGTRRA is the Jobs and Growth Tax Relief […]

Follow On January 1st, Congress acted at the last minute and permanently preserved most of the George W Bush-era tax cuts (EGTRRA and JGTRRA) as well as extended other lapsed tax provisions.   The EGTRRA is the Economic Growth and Tax Relief Reconciliation Act of...