IRS Circular 230 Disclosure:
To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication, unless expressly stated otherwise, was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.
With tax season in full swing we have som helpful reminders about deductions and refunds in this month's newsletter. We also cover Amazon.com's new deal with CT and a brief history on how the income tax system was created.
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The New Surtax, Will It Affect You? May 8, 2013
Surtax starts in 2013Applies to single taxpayers with modified adjusted gross income over $200,000 and joint filers over $250,000Trusts and estates with income over $11,950 in 2013 will also be subject to the surtax
July's Newsletter July 2, 2013New Sales Tax PermitsAmnesty for deliquent CT taxpayersExcise tax on self-insured health plansTen Things for seniors to think about
Click here to read more about your 990 along with information on the sales tax holiday and how DOMA could affect your business.
The year is quickly coming to a close, but there is still time to take action to reduce your taxes. Tax rates have increased for 2013 and many taxpayers will see an increase in their tax bill. When tax rates go up, the value of planning also increases. In spite of talk of tax simplification, the tax code keeps getting more complex. Find out what you should do here.
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Certified Public Accountants