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Filing season starts January 20, 2015. Affordable Care Act, a.k.a. Obamacare or ACA Affordable Care Act is on the top of the most frequently asked questions this year, and not surprisingly. So here is a little scoop of what’s coming ...
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Posted on January 19,2015


For quite some time now, particularly after the economic crisis hit our country few years ago, many American taxpayers have acquired some degree of tax debt. IRS statistical reports show that about 12 million of tax accounts have delinquent status. In the old days, you would usually...
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Posted on March 18,2014


Due Date for Form 1040 The 2013 tax year Form 1040 filing deadline is April 15, 2014. Extension to file can be obtained before April 15, 2014; it will allow filing individual tax return before October 15, 2014. Please note, ...
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Posted on February 07,2014


Because you really can, at least big chunk of it. And it's totally legal. I know you would ask how is that possible. How is that possible when Internal Revenue Service had 44.6 billion dollars in unpaid tax assessments in 2012 and number of delinquent accounts rose to 11.5 million? H...
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Posted on November 13,2013


401(k)/403(b) Deferral Limits Effective 2013 deferral limits to 401(k)/403(b) plans have increased to $17,500 per year for individuals under age 50, and to $23,000 for individual taxpayers age 50 and over. IR...
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Posted on January 14,2013


Last-Minute Fiscal Cliff Deal Although the country technically went off the fiscal cliff at midnight on December 31, 2012, several hours later Congress and the President reached agreements that resolved many of the most pressing t...
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Posted on January 07,2013