Author Archives: Carol

The Affordable Care Act (ACA): From our CPA office in St. Petersburg, FL -The following is an update of The Affordable Care Act (ACA) that we wanted to extend to our readers.  Included in this update is a government website … Continue reading →

From our CPA office in St. Petersburg, FL – The IRS has released 2013 inflation adjusted figures for several tax benefits, including the gift tax exclusion and the nanny tax. Listed below are the new limits 1. Annual gift tax … Continue reading →

From our CPA office in St. Petersburg, FL – Members of the United States military and their families face many life challenges based on the duties, expenses, and transitions of the military lifestyle. As such, active members of the U.S. … Continue reading →

From our CPA office in St. Petersburg, FL – With tax rates potentially set to increase at year end and fewer tax breaks available, traditional Individual Retirement Accounts are a great way for taxpayers to lower their tax bill. And … Continue reading →

As everyone knows, this Election year is more important than ever. No matter what your party affiliation, it is very important to voice your opinion with your VOTE. The General Election is Tuesday, November 6, 2012. If you have not … Continue reading →

From our CPA office in St. Petersburg, FL – The tax rules regarding income received from renting a second home can be complicated, especially if you rent the home for several months of the year and also use the home … Continue reading →

From our CPA office in St. Petersburg, FL – In recent years, electronic filing and payment options have increased the timeliness and accuracy of tax returns and reduced the burden on taxpayers. However, the law provides that the IRS can … Continue reading →

From our CPA office in St. Petersburg, FL – In July 2012, the Supreme Court voted to uphold the new health care legislation, commonly known as the “Affordable Care Act” (ACA) or “Health Care Act.” The new health care law … Continue reading →

From our CPA office in St. Petersburg, FL – If your child is a student and works a summer job or part-time jobs during the school year, then the following should be noted: 1. All taxpayers complete a W-4 when … Continue reading →

From our CPA office in St. Petersburg, FL – The recent tax court ruling in the case Wandry v. Commissioner will increase the ease and certainty of tax free ownership transfers of closely held businesses from one generation to the … Continue reading →