Tax changes resulting from health care tax law

Tax Changes for 2012 and 2013 Resulting from Health Care Law    
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Tax Changes for 2012 and 2013 Resulting from Health Care Law

The U.S. Supreme Court declared the individual mandate in the Patient Protection and Affordable Care Act of 2010 (“Affordable Care Act”) to be constitutional (NFIB v. Sebelius, S.Ct., 6/28/12). This provision, which is set to take effect in 2014, is the linchpin for the entire law. As a result, several tax rules became effective in 2012 or are set to become effective...Read More

The HSA Alternative for Small Business to Address Health Care Costs

mug_jerry_love It seems that one topic that is on the forefront of every small business owner's mind this summer is what impact will the Obama Care legislation have to their bottom line.  Without any question, health care costs are skyrocketing. One possible alternative...Read More

Handling 2012 Gift Tax Audits at the IRS Appeals Level

Introduction How you plan and address the avalanche of 2012 gifts, the filing of 2012 gift tax returns in 2013 for those 2012 gifts, and the eventual audit many of these gifts will undoubtedly be subjected to, should all be influenced by how you will handle the Appeals of those audits. Starting with the potential...Read More

Consider the Ways to Get Money Out of Your Retirement Plans

Periodic Payments   Many retirement plans allow you to take annuity payments. For example, you can withdraw amounts regularly over a period of time, such as $1,000 a month until you die. If your employer fully funded the plan (you did not put any money into the plan) or if you put in some money but it was...Read More

Still Have an Undisclosed Foreign Account? IRS Rattles Its Saber and Sweetens the Pot for Taxpayers to Come Clean

mug amy walsh Touting the $5 billion in tax revenue generated by its offshore voluntary disclosure programs, the IRS recently provided details on its 2012 program and announced a new expat program that enables “low risk” U.S. taxpayers living abroad to file delinquent tax returns and report their foreign bank accounts with minimal...Read More
 
   
August/September 2012 junejuly_cover
August/September 2012
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