1099 Misc. Information

Just want to remind you that the deadline for mailing 2013 1099-MISC forms to recipients is January 31, 2014. The deadline for filing with the IRS is February 28, 2014. If you have a business, are self-employed or have rental property, and you paid an individual, an LLC or other unincorporated business $600 or more… Read More

2013-2014 Tax Highlights

FEDERAL The following are some highlights of the 2013 and 2014 tax provisions and changes. This list is not comprehensive. New Tax Bracket for High Income Taxpayers: Starting in 2013, there is a new tax rate of 39.6% imposed on taxable incomes over $400,000 for single filers, $425,000 for head of household filers, $450,000 for… Read More

Same-Sex Marriages Recognized For Federal Tax Purposes!

After the Supreme Court’s June decision declaring a key provision in DOMA (the Defense of Marriage Act) to be unconstitutional, the US Treasury and Internal Revenue Service have announced that “All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provide Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples.”… Read More