Category Archives: TAXBYTES

Entries pertaining to tax matters and laws

EXPIRING TAX PROVISIONS

There are a number of tax provisions expiring in 2013.  Some of them impact individuals and others businesses.  Here are a few notable ones that may impact you: Business: “Section 179” expense is widely known.  It allows businesses to expense … Continue reading

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“Extenders” from the Recent Tax Law Change

Here’s what’s in this article: Making A Charitable Contribution From Your IRA Itemized Deductions Are Not Taken Away As Adjusted Gross Income Rises! The Student Loan Interest Deduction Remains Available for a Wide Range of Taxpayers. Enhanced Deduction for Charitable … Continue reading

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New Tax Law: Bush Tax Cuts Extended

NEW TAX LAW SIGNED DECEMBER 2010 The 2010 Tax Relief Act recently signed into law by President Obama was sweeping in the benefits provided to the American public.  There was at least a little bit for everyone, and certainly a … Continue reading

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Charities – Deductible Contributions Only For Some

An ever vigilant client has asked which type of charity is eligible to receive taxpayer-deductible contributions.  Good question!  My first comment is that our children are nowhere on this list, despite their opinions to the contrary.  Feel free to refer … Continue reading

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Small Business Jobs Act of 2010

Health Insurance for the Self-Employed Health insurance for the self-employed became a little more valuable, albeit only for 2010.  A provision in the recently enacted Small Business Jobs Act of 2010 allows health insurance costs for self-employed individuals (Schedule C … Continue reading

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The New 3.8% Medicare Tax on High Income

Jeez!  This is going to be boring.  Sorry in advance!  I really enjoy matters of taxation.  I know some will doubt this, but those who write tax laws are very bright people.  You might not like what they write, but … Continue reading

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Tax Law Changes

Here is a quick look at several tax law changes that produce tangible changes for taxpayers.  Some of the changes are positive; some are not.  They arise from the recently enacted Small Business Jobs Act of 2010. For payments made … Continue reading

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