Monthly Archives: February 2012

Tax Tip for 2012 – Depreciation

2012 business depreciation update If you plan to buy equipment or other assets for your business this year, be aware that the limits on what you can immediately deduct have changed.  For one thing, 100% bonus depreciation expired at the … Continue reading

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Tax changes effective March 1, 2012

Payroll tax cut extended through 2012 Congress passed an extension of the 2% payroll tax cut that had been scheduled to expire at the end of February. The extension means 160 million working Americans will continue to pay social security … Continue reading

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Tax Update for 2011 – New Tax Form!

If you have foreign investments, you may have a new filing requirement   If you own foreign investments, you may have an additional federal tax filing requirement this year. Form 8938, “Statement of Specified Foreign Financial Assets,” is due April … Continue reading

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