Tax Questions to Ask Yourself with the End of 2012 and the Fiscal Cliff Approaching
This article describes how the new additional Medicare tax, tax on net investment income, higher marginal tax rates, and phase-out and reductions of personal exemptions and itemized deductions make the use of compensation...more
This month, the California House of Representatives approved Assembly Bill 1173, which is intended to provide partial relief from the additional 20 percent state penalty tax for violations of the Internal Revenue Code Section...more
Legislation effective July 1, 2013, includes numerous tax increases, most notably in the state retail sales and use tax rate from 4 percent to 4.3 percent....more
Automatic spending cuts and tax hikes are set to go into effect Jan. 1, absent a compromise over the budget, and consumers are worried about the impending “fiscal cliff.” President Barack Obama and Republican...more
I'm sure there are people out there who, as we hit December, are saying to themselves, "Gee, this year really going by slowly—should be Spring 2013 already," but for the rest of us—the end of the year is rapidly approaching....more
Despite written guidance from the Department of Labor (DOL) and the White House through its Office of Management and Budget (OMB), the so-called "Fiscal Cliff," a series of budget cuts and simultaneous expiration of tax cuts,...more
Now that the presidential election is over much of the national chatter has shifted to the “fiscal cliff” looming at the end of the calendar year when the terms of the Budget Control Act of 2011 are scheduled to go into...more
Like Thelma and Louise in the movie of the same name driving their convertible over the cliff, or even more analogous, like a bunch of lemmings blindly following their leaders over the precipice, as a nation we may be headed...more
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