The Bush era tax cuts are expiring. Here are some of the key tax rates for 2010 and 2011: 2010 2011 Ordinary Income 35% 39.6% Long Term Capital Gains 15% 20% Qualifying Dividends 15% 39.6% Estate Tax 0% 55% Unless Congress decides…
Nonprofit organizations are required to file an information return annually. See our recent post for the details on this. Nonprofit organizations that don’t meet their filing requirements for three consecutive years automatically lose their tax-exempt status.
Ever go looking for a copy of an old tax return and can’t find it? This happens frequently. How?
Blow out the candles and cut the cake, the Social Security Administration (“SSA”) is celebrating its 75th birthday! I recently attended a presentation by one of the Social Security representatives. If you get a chance to attend one of these sessions,…
The first half of the year is in the books. It’s time to take a look at your withholding and estimated tax payments. Why is this important? To avoid any potential penalty for underpayment of estimated taxes.