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TAX NEWS BLIPS 11/2013 NYS RESIDENTS: NEW FAMILY TAX RELIEF CREDIT Annual Newsletter for 2012
 

TAX NEWS BLIPS 11/2013

FUTA TAX Some employers will pay higher FUTA taxes in CA and NY. Both states have been unable to pay back loans taken from the federal government used to pay unemployment benefits. For both states this equates into a .9% additional tax or $63 per employee for tax year 2013. FORM 5498 Trustees will have [...]

NYS RESIDENTS: NEW FAMILY TAX RELIEF CREDIT

Beginning in 2013, the NYS Department of Taxation and Finance (DTF) has created the family tax relief credit. This is a new refundable credit of $350. The DTF will determine which taxpayers are eligible for this credit by utilizing returns filed two years prior., So for 2013, the criteria is based on the 2011 filed [...]

Annual Newsletter for 2012

Dear Friends and Valued Clients: Congratulations to the St. Louis Cardinals on their World Series victory! At this writing Bay area residents are nervously watching the 49ers who are playoff (and Super Bowl?) bound. Sadly we lost Steve Jobs , Harry Morgan from Mash, Smokin’ Joe Frazier, Andy Rooney, Al Davis of the Raiders, Amy [...]

Annual Newsletter for 2014

03 January 2014

January 2014 Dear Friends and Valued Clients: What a confusing year!! Obamacare has begun and, YES, Congress does not know what it means!!! But somehow, they slipped some new taxes AND NEW WORDS into the tax code. Be careful of the many THRESHOLDS discussed below. As much as it pains me congratulations to the Boston [...]

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TAX NEWS BLIPS 11/2013

29 November 2013

FUTA TAX Some employers will pay higher FUTA taxes in CA and NY. Both states have been unable to pay back loans taken from the federal government used to pay unemployment benefits. For both states this equates into a .9% additional tax or $63 per employee for tax year 2013. FORM 5498 Trustees will have [...]

Read the full story

Posted in Announcements, Featured Stories0 Comments

NYS RESIDENTS: NEW FAMILY TAX RELIEF CREDIT

14 November 2013

Beginning in 2013, the NYS Department of Taxation and Finance (DTF) has created the family tax relief credit. This is a new refundable credit of $350. The DTF will determine which taxpayers are eligible for this credit by utilizing returns filed two years prior., So for 2013, the criteria is based on the 2011 filed [...]

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Same-sex married couples must file before September 16 to file as single

16 September 2013

Same-sex married couples must file before September 16 to file as single (09-13-13) Same-sex married couples who are on extension, but wish to file as single one last time, must file before September 16, 2013. Original returns filed by same-sex married couples on or after September 16, 2013, must be filed using a married filing status. [...]

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Simplified 1040 {Humor}

12 September 2013

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Same Sex Marriage

02 September 2013

The Department of the Treasury and the IRS has ruled that same sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes (Revenue Ruling 2012-17.) The ruling specifically states that it applies to “legally married” same-sex couples, and NOT TO REGISTERED DOMESTIC PARTNERSHIPS, civil unions, or [...]

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August News

25 August 2013

FUTA TAXES: For New York and California the FUTA (federal unemployment tax) paid during the year will be higher in 2013. Both states will pay up to $63 additional for each employee as these states have not repaid loans from the federal jobless fund.   PONZI SCHEMES:  Turns out the IRS has paid out millions [...]

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