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Income Tax, Social Security Tax, etc…

It is important to learn and understand the way retirement income. And, you’ll know what to expect should your income rise above the taxable threshold.

2020 Key Numbers

2020 & 2019 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)

2020 Individual Income Tax Planning

What You will Pay for Medicare for 2020

IRA and Retirement Plan Limits for 2020

The Taxpayer Roadmap 2019
The Taxpayer Advocate Service published a “subway map” showing  taxpayers how the tax system can be navigated to get assistance with their tax needs.

2019 Key Numbers, Jan. 16, 2019

2018 Key Numbers as of Nov. 12, 2018

Projected 2019 Key Numbers

Meals continue to be deductible under new IRS guidance 20181003 JoA

529 Plan changes under the 2017 Tax Cuts Jobs Act

Tax Cuts and Jobs Act – Impact on Businesses

Tax Cuts and Jobs Act – Impact on Individuals

What’s in the Final Republican Tax Bill” 20171217 NYT

“Winners and losers in the tax bill” 20121217 NYT

Tips for Fearlessly Chasing a Bigger Tax Refund” 20160219 NYT
This may not be easy, “…but putting in some effort may save you money.”

Year-End [2015] Moves: Why Your Mail Provider Matters and Other Tips for Beating the Clock” 20151224 WSJ
This article highlights some “subtleties in the tax rules that bring both opportunities and pitfalls.”

2016 Standard Mileage Rates for Business, Medical and Moving 20151217IRS
$.54 per mile for business purposes
$.19 per mile for medical and moving purposes
$.14 per mile for charitable organizations

2015-2016 Income Tax Key Numbers

Tax Court Reminds Us That You should Never Toy Around With Your Retirement Account” Forbes 20150818

2017 New Due Dates for certain tax returns. 20150731
Changes to tax returns for some tax returns was part of the short-term highway funding legislation.

10 Things to Know About Taxes On Legal Settlements” F 20150706
The rules may not be what you expected them to be.

2015 Standard Mileage Rates

Tax Changes You Need to Know, snapshot of 2014 Tax Law as of Feb. 28, 2014

2014 Key Income Tax Numbers

IRA and Retirement Plan Limits for 2014

2013 Tax Law Snapshot for 2013 Filing Season

“The New Capital-Gains Maze” 20130215WSJ
A clear discussion of the impact of the thresholds for the various rates under the recent tax legislation.

2013 Income Tax Key Numbers

The American Taxpayer Relief Act of 2012

“Firms Pass Up Tax Breaks, Citing Hassles, Complexity” WSJ20120722
“But executives, particularly at small and medium-size companies, complain that many of the tax deductions are either too cumbersome or too confusing”

“Preparing for the End of the Bush Tax cuts” 20120518WSJ
This is a discussions of what is generally expected if the Bush tax cuts expire as planned.

“When Can Tax Cheats Relax?” 20120413WSJ
This article may help in determining how long some records should be retained.

“What’s the Easiest Way to Cheat on Your Taxes?” 20120403
This article is interesting.

“Top tax sites online: How to Chose” 20120125MW
This article is for those thinking about using an online service or are considering swiching to another service to prepare their individual income tax returns.

Key Numbers for 2012 and 2011
The 2012 key numbers will help in your 2012 planning.  The 2011 key numbers will help in the preparartion of you 2011 tax returns.

“How to Dodge Last-Minute Tax Traps” 20111224WSJ
This article has helpful hints about contributions, stock trades and non-charitable gifting

“Age-Related Tax Milestones” 20111215SM
Useful discussion of common tax rules that are age sensitive.

IRA and Retirement Plan Limits for 2012

“Tax Treatment of Employer-Provided Cell Phones”
The IRS notice applies to years after December 31, 2009.  Employers should have a written ploicy stating the non compensatory business reasons for providing the cell phone.

“Write Off Your Job Hunt!” 20110924WSJ
This article also provides information and tips for the self-employed and single member Limited Liability Companies

“HSAs: Still Tax-Smart” 20110915SM
Know the limitations and qualifications to maximize the benefits from Health Savings Accounts.

“Congress Passes Tax Patent Reform; Sends Bill to President” 20110908JA
The law should reduce the complexity and cost of complying with tax laws.

Deadline Approaching for Unduing a 2010 Roth Conversion

Should You Reverse that Roth Conversion?” 20110907SM
With the stock market down you should review any 2010 Roth conversions.  If it is appropriate to reverse the 2010, the reversal of the Roth conversion must be done before October 17, 2011.

“Carried Interest in the Cross Hairs.” 20110806WSL
This is one of the frequent changes to the tax code that is being dicussed.  Laura Saunders discusses what is involved.

“Flexible savings accounts become even more valuable” 20110718USAT
Be sure to use the amount you elected before December 31 when they lapse.

increases business, medical and moving mileage as of July 1, 2011 through December 31,2011

“E-File or Else: What’s New for Tax Season” 20110319 WSJ
IRS has stopped sending out tax forms in an attempt to get more people to e-file.

2010 – 2011 Income Tax Key Numbers

The Savings Game: What to look for in finding a preparer to do tax returns” 20110223ADS
“Be prepared to ask questions of your income tax preparer”

“The IRS Targets Income Tricks” 20110122 WSJ
A discussion of a recent tax case involving “low” salaries are paid to an employee-sole owner shareholder of a “S” corporation.  Because the Internal Revenue Code requires that only “Small business corporations can qualify to be “S” corporations.  Among the requirements are: such corporations must be a domestic corporation; generally only have shareholders that are individuals, estates and certain trusts; shareholders are not corporations or partnerships; all shareholders are U.S. residents;  have only one class of stock; and not have more than 100 shareholders.

“Tax Changes For 2011: A Checklist” 20100108 WSJ
This article notes “…that last year’s 11th-hour tax changes..are temporary”

“Roth Conversion: Good or Bad?” MSA20090814

401(k) borrower can’t benefit from fund losses 20090613-14WSJ

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