Supreme Court's health care decision affects many tax provisions

The Supreme Court's decision upholding the individual mandate in the health care law had a surprisingly large number of tax ramifications. Because much of the health care law was enacted through the Internal Revenue Code, the court's decision to let the law stand means that numerous tax provisions will take effect over the next few years. Many of those provisions involve health care, but some, such as the 3.8% tax on net investment income and the codified economic substance doctrine, don't, and may surprise taxpayers. To read the details click the link.  Supreme Court upholds health care law
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IRS Closes Offshore Tax Loophole and Tightens Eligibility for Voluntary Disclosure Program

The Internal Revenue Service said Tuesday that its Offshore Voluntary Disclosure Programs have exceeded the $5 billion mark and released new details on the latest iteration of the Offshore Voluntary Disclosure Program that began in January, including tightening the eligibility requirements. Read the Full Story

IRS Closes Offshore Tax Loophole and Tightens Eligibility for Voluntary Disclosure Program
Taxes are a fact of personal and business life. The question you face is, how will you minimize the impact of taxes? What kind of expertise do you need to help you achieve your goals? ABA Tax Accounting has answers to both questions, delivered by tax specialists who work proactively in a personal, one-on-one relationship. Whether you need to structure an international transaction, reorganize your business, transfer family property or defer tax on the sale of assets, ABA Tax Accounting provides a wide array of services that cover every aspect of your business and personal finances.

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ABA Tax Accounting

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IRS Pledges to Help Dual Citizens Meet Tax Obligations

The IRS plans to help U.S. citizens who reside in foreign countries catch up with their tax-filing obligations and offer assistance to those with foreign retirement plans. To Read More click the link. As always we are available to help. For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Enrolled Agent

Certified QuickBooks ProAdvisor

Abatax81@gmail.com

Direct 612-282-3200

Toll free 866-936-0430

http://abatax81.blogspot.com

Tax Accounting Bookkeeping Payroll Outsource Solutions for CPA firms & other businesses.

Tax Accounting Bookkeeping Payroll Outsource Solutions for CPA firms & other businesses.

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QuickBooks Point of Sale Goes Mobile with GoPayment

QuickBooks Accountant - Intuit has integrated its mobile payment processing application GoPayment with the latest version of QuickBooks Point of Sale, designed for small retailers. Read more click HERE.  Call us at any time to take advantage of special upgrade pricing and to discuss your options. For no obligation free consultation contact us today!
ABA Tax Accounting
Amare Berhie, Enrolled Agent
Certified QuickBooks ProAdvisor
Abatax81@gmail.com
Toll free 866-936-0430
http://abatax81.blogspot.com