President Obama says that the “Buffett Millionaires Tax Proposal” which will raise taxes on Millionares, will be voted on. And it has as much chance of passing as the Republican Budget Proposal does. Here is an article in Accounting Today by Michael Cohn that talks about it:http://www.accountingtoday.com/news/Obama-Congress-Vote-Buffett-Rule-Millionaire-Tax-62230-1.html?ET=webcpa:e2357:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_040212My guess is nothing will change as far as taxes go until at least after the election in November. In 2013, a lot could change!Remember, You can count on us to count for you!
Brian’s General Musings – History of April Fools Day
Well, since yesterday was April 1, or April Fools Day (My daughter got me good, and I refuse to talk about it further) how did it begin – this article talks about when the calendar changed New Years to January 1 and some people continued to celebrate the old April 1 date and were labeled fools and ridiculed for it:http://www.april-fools.us/history-april-fools.htmAnyway welcome to April, with April 17 just around the corner.Remember, You can count on us to count for you!
Brian’s Tax Musings – Child deductions for divorced parents
If you have finalized a divorce, there can be tax deductions from children for both custodial and noncustodial parents, Here is an article in Smart Money by Bill Bischoff:http://www.smartmoney.com/taxes/income/after-divorce-who-gets-child-related-tax-breaks/Any questions call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can discuss them.Remember, You can count on us to count for you!