On July 10 I talked about the 3.8% additional tax on investment income to help pay for the Healthcare Provisions that were passed in 2010. There are also other provisions and taxes that will also take effect at the same time. See this article by Eleanor Blayney in Accounting Today:http://www.accountingtoday.com/news/supreme-court-health-care-decision-63220-1.htmlAlong with the potential expiration of the Bush Tax Cuts, 2013 could be taxing (sorry about that).Remember, You can count on us to count for you! Email bstonercpa@sbcglobal.net Phone 818-317-6035
More Tax Preparer Fraud!
Look, another preparer was sentenced in Oregon for preparing false tax returns without client knowledge and keeping the refunds for himself. Here is the article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/tax-preparer-sentenced-fraudulent-tax-refunds-identity-theft-taxprotoday-63202-1.html?ET=webcpa:e2676:204199a:&st=emailOnce again, it makes sense to have a trusted professional prepare your return. Call ma at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can discuss it. Remember, I give a 10% discount on new work and have prepared taxes for over 30 years.Remember, You can count on us to count for you!
Look Out for the New Investment Tax in 2013!
If you have $250,000 in Adjusted Gross Income in 2013 and are married ($200,000 if single), you qualify for the new Federal Government Investment Tax (the new ‘Robin Hood Tax’ ) which will add 3.8% to both the capital gains tax and the dividend tax. See the article on it in The Wall Street Journal by Laura Saunders:http://online.wsj.com/article/SB10001424052702304830704577496580986417316.htmlWell look at the bright side – you are helping lower income people afford health care. That should make you feel good, right?Remember, You can count on us to count for you!