Dear Client, In addition to permanently extending the Bush-era tax cuts for most taxpayers, revising tax rates on ordinary and capital gain income for high-income individuals, modifying the estate tax, providing permanent relief from the AMT, and imposing limits on the deductions and exemptions of high-income individuals, the recently enacted 2012 American Taxpayer Relief Act Read More
Dear Client, I am writing to provide details regarding key provisions in the recently enacted 2012 American Taxpayer Relief Act which provide permanent relief to individual taxpayers from the alternative minimum tax, or AMT. Earlier temporary measures to deal with the unintended creep of the AMT’s reach expired at the end of 2011, meaning that Read More
Phishing Scams are a type of identity theft designed to steal money from unsuspecting victims via email, telephone, fax, regular mail, pop-up messages, and even text messages. How to recognize a potential phishing email: Spelling and Grammar are poor Links in the email usually link to a spoof of a well known company. Threats Read More
At the beginning of 2012, new tax provisions have been enacted; some have been extended that were set to expire, while others have disappeared. This letter serves as an outline of the major tax law changes you should be aware of to minimize taxes for 2012. Please note that some of the changes below could be Read More