As a result of the fiscal cliff legislation being passed so late, some 2012 items were still in limbo and will take time for some IRS and state tax forms to be reworked, resulting in tax season starting much later than usual for many. Filings may be delayed at couple of weeks at least for the normal early filers. See this article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/Fiscal-Cliff-Law-Delay-Tax-Season-Liberty-Warns-65261-1.html?ET=webcpa:e6537:204199a:&st=emailI will try to file returns as quickly as possible, but please expect some delays. Call or email me with questions.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: 4 Things That Will Cost Less in 2013
This posting in Smart Money by Kelli B. Grant shows some things that will come down in price this year:http://www.smartmoney.com/spend/deal-of-the-day/4-things-that-will-cost-less-in-2013-1356971605445/?mg=com-smJust remember that some of these things may not be available to all. Anyway, if you can save on these items it may offset the price increases on other things.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Fiscal Cliff Deal Will Have Far-reaching Tax Implications
This article in Accounting Today by Michael Cohn goes into much more detail on the new tax package, especially the items that have been made permanent (so they won’t sunset and have to be extended):http://www.accountingtoday.com/news/Fiscal-Cliff-Deal-Far-Reaching-Tax-Implications-65223-1.html?ET=webcpa:e6519:204199a:&st=emailWell at least they made a permanent AMT patch that goes back to 2012. No one is really happy with the compromise, so I guess it is good law.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com