Category Archives: Taxes

Small business jobs bill stalls in Senate

Well, the devil is in the details… We noted earlier this week that the Senate votes to limit debate on the jobs bill, leaving only consensus on the amendments to potentially hold up the bill. Both sides couldn’t agree on … Continue reading

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Senate takes up small business jobs bill

The Senate is moving forward with the Small Business Jobs and Tax Relief Act (S. 2237), which would provide an income tax credit of 10% of wages for small employers who create jobs or increase wages in 2012. The credit … Continue reading

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Obama to propose 1-year extension of tax cuts for “middle class” households

As was floated around yesterday on the Sunday news shows, President Obama plans to propose a one-year extension of the “Bush tax cuts” for families making $250,000 or less. Presumably, the extension would apply to up to $125,000 for married-filing-separate … Continue reading

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Halfway point!

We’re in the early days of July, which means we’ve crossed the halfway point of the 2012 tax year. There’s still plenty of time to implement most tax strategies for 2012, but the clock is ticking on getting your withholding … Continue reading

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When to hire a tax professional

Fox Business has a timely article today about when to hire a tax professional that I thought was worth passing along. A couple of thoughts I’d pass along: * I’ll echo the sentiment that you should choose someone who’s both … Continue reading

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Happy belated Earned Income Tax Credit Awareness Day!

I took the kids to school last Friday just like any other day, and I don’t recall seeing any specialty cards in the Hallmark section at Target, so I missed out on Earned Income Tax Credit Awareness Day. You probably … Continue reading

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The Romney tax return

In the music world, Tuesday is always release day. The impending release of Mitt Romney’s tax returns today was, to me at least, reminiscent to the anticipation of a much-awaited record being released. Well, the return has been released now, … Continue reading

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W2 / 1099 deadline looms: changes of note

Forms W2, 1099-MISC, and other information returns are required to be distributed to payees by January 31, 2012 (reports are due to tax agencies later, with varying due dates depending on whether paper or electronic media are used for reporting). … Continue reading

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Romney to release tax return

The Romney campaign announced today that Romney will be releasing his 2010 tax return on Tuesday.

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The Gingrich tax return

One of my favorite things about election cycles are the inevitable releases of candidate tax returns. Last night, Newt Gingrich released his 2010 joint Federal return and the Gingrich Foundation private foundation return to the media. The Gingriches reported $3,162,424 … Continue reading

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