Tax Planning
Cyprus Taxing Deposits! Heck Ben Bernanke Been Taxing Our Savings for Years!Written By: Mel Jones
Mar 21, 2013
I'll keep this short and sweet. Today there is all this talk about Cyprus' debt issues and the fact the governmetn wants to "tax" deposits! Heck Ben Bernanke been doing this to every American deposit in the coutry and we all sit around and let him get away with it. Why!
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WHAT ARE THE TAX IMPLICATIONS OF BUYING OR SELLING A BUSINESSWritten By: Mel Jones - President & CEO
Mar 26, 2008
ISSUE
This is a good question for every Seller to read and understand.
A client asked: "Do I pay taxes on the entire sale price of my restaurant/business or is it only on any profit made." Example If I owe $200,000 and I sell it for $300,000 do I only pay taxes on $100,000?
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New Obamacare Investment TaxWritten By: Peter S. Muffoletto, C.P.A.
Aug 13, 2012
The Patient Protection and Affordable Care Act (ACA) affirmed by The Supreme Court includes certain income tax provisions to help pay for what has become known as Obamacare.
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California Enacts Qualified Purchasers ActWritten By: Peter S. Muffoletto, C.P.A.
Nov 18, 2009
With ongoing budgetary problems California has enacted a Use Tax registration requirement which applies to any business within the State of California who is defined within the act as a qualified purchaser...
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Internal Revenue Service unleashes Written By: Peter S. Muffoletto, C.P.A.
Feb 23, 2011
The Internal Revenue Service has set up special audit groups focused to audit business taxpayers with complicated tax returns, and their complicated financial arrangements...
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IRS Targeting High Income TaxpayersWritten By: Pete Muffoletto
Mar 28, 2011
As promised by the current elected administration in what appears to be an economic profiling by the Internal Revenue Service in a society....
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FACTS ABOUT THE ALTERNATIVE MINIMUM TAXWritten By: Peter S. Muffoletto, C.P.A.
Mar 12, 2012
The Alternative Minimum Tax (AMT) was the misbegotten attempt on the part of Congress to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax, in other words, the flat tax for the so called wealthy.
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What to Do if you Receive a Notice from the IRSAug 22, 2012
Receiving a notice from the Internal Revenue Service or other taxing authority can be a heart stopper, but this does not necessarily mean disaster is looming as in many cases the letter is merely asking for additional information based upon data they have received from other sources.
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OBAMACARE TAX STARTS JANUARY 1, 2013!Written By: Pete Muffoletto
Aug 28, 2012
The Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010, otherwise as it has become known as Obamacare imposes a 3.8% Medicare contribution tax on all net investment income of higher-income individuals as of January 1, 2013
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