“Fiscal Cliff” Bill

By now, of course, you’ve heard that Congress has passed legislation avoiding the tax increases of the “Fiscal Cliff.” Few of us who watched the process would consider it Washington’s finest hour. But we finally have answers to the questions that have made proactive...

IRS Updates to the 2013 Withholding Tables (finally)

WASHINGTON — The Internal Revenue Service today released updated income-tax withholding tables for 2013 reflecting this week’s changes by Congress. The updated tables, issued today after President Obama signed the changes into law, show the new rates in effect for...

2013 Payroll withholding is still unknown

The IRS issued the following statement today regarding payroll withholding tables: “We are aware that employers have questions with respect to 2013 withholding. Since Congress is still considering changes to the tax law, we continue to closely monitor the situation....

Tax Breaks After Hurricane Sandy

While many of us have been consumed by news of the 2012 election, we’re all sobered by the devastation of Hurricane Sandy and are counting our own blessings.  If you plan to help out, keep in mind some of these tips for making the most of your storm relief donations....