On May 18, 2012 the Treasury Department issued final regulations implementing the premium tax credit to give middle-class Americans tax benefits to make the purchase of health insurance affordable. Starting in 2014, Americans receive help to purchase private health coverage … read more
About half the workforce does not have a retirement savings plan and fewer than 10 percent of those without plans at work contribute to a plan on their own. That makes the idea of an automatic enrollment 401(k) plan very … read more
Charitable contributions can yield great tax benefits, but taxpayers need to have the proper documentation for them to have the deductions hold up in the face of an audit. Cash contributions are relatively simple to substantiate. The taxpayer just needs … read more
The IRS has announced that under the Affordable Care Act, health care professionals who received student loan relief under state programs that reward those who work in under-served communities may qualify for refunds on their 2009 federal income tax returns … read more
In today’s turbulent economic environment, who wouldn’t want to pay a little less in taxes? There are a few simple tax planning strategies that can be put in place before 2010 comes to a close that can help reduce one’s … read more
In Part I of the discussion of Cruise Ship Conventions, we discussed the tax benefits to attendees at a convention held on a cruise liner. But what about the employer? Are there benefits for them too?? Well according to CruiseAlaska … read more
With the recent surprising drop in the U.S. unemployment rate, now may be the time for you to polish up your resume and begin looking for a new job! But wait, there’s more good news. You may also be able … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
- Temporary Regulations Provide Guidance on Form 5471
- New Like-Kind Exchange Reporting Required for California (IRC 1031)
- Survey Suggests Taxpayers are Overconfident in Their Tax Prep Skills
- Timing Rules for SEPs and SIMPLE-IRAs Part II
- Timing Rules for SEPs and SIMPLE-IRAs Part I
- Are You an Identity Theft Victim?
- Supreme Court Decides Severance Pay is Subject to FICA Tax
- Mamma Mia! Who Can Deduct That?
- IRS Releases New Requirements to Claim the Earned Income Tax Credit
- AMT Facts with Exemption Amounts Updated