Monthly Archives: January 2013

IRA Distributions to Charity

The American Taxpayer Relief Act extends the provision that allows tax-free distributions from individual retirement accounts to charities through December 31, 2013.  To qualify the individual must be age 70 1/2 or older with a maximum tax-free distribution of $100,000. For 2012, … Continue reading

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What the new tax law means to you

Congress finally passed a tax bill to avoid the fiscal cliff at the last minute (actually past the last minute).  This new bill has lots of provisions and most people want to know how it is going to affect them.  Unless … Continue reading

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Filing of tax returns has been delayed by the IRS

Because of Congress waiting until January 2, 2013 to pass the American Taxpayer Relief Act of 2012, the IRS has pushed back the date that they will accept tax returns. Most basic individual income tax returns can be filed beginning … Continue reading

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House Sends Fiscal Cliff Tax Relief Bill to White House

A day of intense negotiating among House Republican lawmakers on January 1 led to the late-evening passage of the American Taxpayer Relief Act of 2012 (HR 8 ) by a vote of 257 to 167. Disgruntled Republicans, including House Majority … Continue reading

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