Tax Provisions to Expire at the end of 2013
- July 29, 2013
written by Jay Logal The tax code contains many provisions that are considered temporary and will expire after a set period...
2013 Tax Impact on Three Income Levels
- May 2, 2013
written by Kevin Hogan The American Taxpayer Relief Act of 2012, along with the Health Care legislation tax changes effective for...
How to Compute Capital Gains
- March 25, 2013
Starting January 1, 2013, the capital gains rates, as amended by the American Taxpayer Relief Act of 2012, are as follows...
Upcoming Small Business Tax Workshop
- January 10, 2013
written by Patti Stoner The University of Missouri Extension, Taney County SBTDC, Branson Chamber of Commerce, the Taney County Business Development...
President Signs the American Taxpayer Relief Act into Law
- January 6, 2013
President Obama signed the American Taxpayer Relief Act into law on January 2, 2013. Read the highlights below for Individuals and...
Implication of Bush Tax Extenders
- November 14, 2012
written by Melinda Thurman Great discussion has been placed on the Tax Extenders expiring as of December 31, 2011 and the...
FAQ: What Are My Chances of Being Audited?
- April 1, 2011
Often, timing is everything or so the adage goes. From medicine to sports and cooking, timing can make all the difference in the outcome. What about with taxes? What are your chances of being audited? Does timing play a factor in raising or decreasing your risk of being audited by the IRS? For example, does the time when you file your income tax return affect the IRS's decision to audit you?
Late Passage of Tax Legislation Delays Filing Season Start for Itemizers and Others, IRS Cautions
- January 4, 2011
Because of late passage of the massive tax cut and extenders package by Congress at the end of December 2010, taxpayers who itemize deductions and certain others will need to wait until mid- to late February 2011 to file their individual tax returns, the IRS has cautioned. The IRS must reprogram its computer systems for the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act), In addition, the IRS reported that Form 1040, Schedule A will need to be updated as well.
Opportunities And Challenges Presented by 2009 Roth IRA Rollovers
- November 4, 2009
There is an interesting new rollover opportunity that's coming up in a few months. After 2009, you will be able to roll over amounts in qualified employer sponsored retirement plan accounts, such as 401(k)s and profit sharing plans, and regular IRAs, into Roth IRAs, regardless of your adjusted gross income (AGI). Currently, individuals with more than $100,000 of adjusted gross income as specially modified are barred from making such rollovers.