Category Archives: Uncategorized

A Timely Tip on the Importance of Tax Record Keeping

  From Carol McAtee & Associates, CPA office in St. Petersburg, FL-   Keep copies of all filed tax returns as a part of your tax records.  They can help in the preparation of future tax returns and will be needed … Continue reading

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Treasury and IRS Recognize Same-Sex Marriages for Tax Purposes

From our CPA office in St. Petersburg, FL- The Internal Revenue Service has released guidance on issuing tax refunds to same-sex married couples in the wake of the Supreme Court’s decision striking down the Defense of Marriage Act. The Treasury … Continue reading

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The Affordable Care Act (ACA):

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

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2013 Inflation Adjustments

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

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Tax Tips for Armed Forces Personnel

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

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2012 IRA and Roth IRA Deduction Limits

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

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Time to Vote!

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

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Renting Out a Vacation Home

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

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Facts About Failure to File or Pay Penalties

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

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Tax Implications of New Health Care Act

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

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