Posts Tagged ‘fiscal cliff’
A Cliff Notes Summary of the Fiscal Cliff Law
We’ve reviewed the 157 page sorry excuse for a err I mean problem-solving bill Congress passed last night. Sorry that it is (raises taxes, but no spending cuts to speak of), we at least have an idea of what’s coming in 2013. Here are the main (but not all) areas that will effect your return…
Read MoreThe AMT monster is coming! See video below.
If you read nothing else this year . . .
be sure to read our letter to clients on how to plan for 2013. This link will take you there. See the effect on your family in 2013 (Click Here) or use our fiscal cliff calculator with the numbers from your 2011 return.
Read MoreIRS to Washington – Get your act together or no returns processed until March
You have to admire one thing about acting IRS Director Steve Miller. As the head of IRS, he warned Congress that certain tax returns will not be processed until March of 2013. Why make this threat? Because twice in the past when the AMT patch has expired, it has been reinstated retroactively. The IRS made…
Read MoreThe fiscal cliff effect by age groups
Whether you are single, married, working your way through college, or settled in your career. This infographic from today’s Wall Street Journal shows the financial loss you’ll feel in 2013. Begin your tax planning now to avoid a painful new year. Be aware that these are averages. Your tax effect may be larger. [Be sure to click…
Read MoreFor advanced clients only
For our clients who have advanced knowledge of the dangers starting January 1 (to join this group, Click Here and read the section of fiscal cliff articles) we offer a “Cliff Notes” version of the individual effects of the fiscal cliff. You can access this summary graphic by clicking this link. Remember there’s still plenty…
Read MoreThe fiscal cliff in graphic form
Hollywood’s Friday the 13th and Freddy Kruger can’t begin to compare to how scary this picture promises to be. Coming to a country (very) near you on January 1, 2013. Clients can E-mail us for a special video presentation with specific details on what’s involved. We’ve also compiled a listing of helpful articles which can…
Read MoreSpecific info on the Fiscal Cliff
Detailed information of the peaks and valleys of the Fiscal Cliff Our last newsletter (see this link) contained general information and warnings about the financial and tax disaster referred to by the media as the “fiscal cliff.” We’ve been deluged with requests for more specific details on the effects of this scheduled legislation. Remember,…
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