With a new year comes new tax rules. I’ve touched on some of these changes in previous posts, such as the new home office deduction and the effect of DOMA for same sex couples. Some of the more talked about changes have come from the Affordable Care Act (Obamacare or the ACA). While the ACA […]
For those of you that work from home there is some good news for the 2013 tax year. The IRS has rolled out a simplified process for claiming the home office deduction. In years past the deduction hinged on the office’s square footage as a percentage of the total dwelling. The new method allows for […]
As everyone knows by now, last week the US Supreme Court ruled on the constitutionality of the Defense of Marriage Act (DOMA). In a landmark decision, the Supreme Court struck down DOMA, holding that the Federal government cannot bar States from recognizing same sex marriage. While there were many implications stemming from this decision, one […]
With the high cost of tuition, students are always trying to find ways to save money. One way for students to cut corners is to prepare their own taxes. While it may seem like a great way to save a couple hundred dollars in tax preparation fees, it’s possible these same students are leaving thousands […]
After months of uncertainty and debate about what changes would be made to the Federal estate and gift tax (transfer tax), the newly minted American Taxpayer Relief Act (the “Act”) has provided answers that many were anxiously awaiting. While many believed the estate and gift tax landscape would undergo significant change from the taxpayer-friendly laws […]
