Tax Planning January 2013 Archive

The Internal Revenue Service plans to begin processing tax returns on January 30, 2013, for the year 2012 (IR-2013-2). The IRS previously expected to begin processing tax returns on January ... Read More

The American Taxpayer Relief Act reinstated a provision permitting individuals to distribute funds from an individual retirement account directly to a charity, known as a qualified charitable distribution. The provision ... Read More

The Internal Revenue Service is granting farmers and fisherman until April 15th to file their tax returns and pay any tax due for the year 2012 in lieu of the ... Read More

The Internal Revenue Service has updated various tax parameters for the year 2013 in IR-2013-4 and Revenue Procedure 2013-15. As Robert Flach points out, "Now that the American Taxpayer Relief ... Read More

In her 2012 Annual Report to Congress, National Taxpayer Advocate Nina Olson identifies 23 of the most serious problems facing American taxpayers. Top among her list is the complexity of ... Read More

President Barack Obama signed the American Taxpayer Relief Act into law on January 2, 2013. The full text of the new law can be found on Thomas at the Library ... Read More

The Social Security tax for 2013 reverts back to its normal rates. The tax rate for 2013 is: Employee-portion: 6.2% of wage earnings, up to the maximum wage base of $113,700; Employer-portion: ... Read More

On January 1, 2013, the House of Representatives voted in favor of the American Taxpayer Relief Act of 2012 (H.R. 8). This bill now goes to the President for signature ... Read More

The Senate on January 1, 2013, voted in favor of the American Taxpayer Relief Act of 2012, a revised version of HR 8 which the House of Representatives had written ... Read More