Category Archives: Uncategorized
How Many Wealthy People Are There?
ShareWith the recent battles over tax laws we have heard a lot about the wealth and that their percentage of the tax burden should increase. I have found a little bit of information at the Tax Foundation which gives some … Continue reading
Health Savings Accounts
ShareContributions to a Health Savings Account (HSA) are used to pay current of future medical expenses of the account owner, his or her spouse, and any qualified dependents. Medical expenses must not be reimbursable by insurance or other sources and … Continue reading
New tax law info for Businesses
ShareA few tax law changes you should be aware of for businesses Bonus depreciation. The 50% bonus depreciation for new business property was extended through 2013 Section 179. The maximum Section 179 deduction for business equipment purchased was kept … Continue reading
Foreign Account Tax Compliance
ShareIf you have bank accounts or other foreign financial assets there may be reporting requirements you are not aware of. There is a requirement called FBAR (Foreign Bank account report) which is due June 30 and applies if the total … Continue reading
