Jordan Tax and Accounting Services logo

Tax Info

News

February 2013 - Pay attention to restored deductions for 2012

  • A number of tax breaks that had expired at the end of 2011 or were to expire at the end of 2012 were extended by the recently passed law, the "American Taxpayer Relief Act of 2012." Keep these deductions and credits in mind as you gather the paperwork for filing your 2012 tax return. Those that apply to you or your business could cut your 2012 tax bill. Read more.
  • February 2013 - Dependents: What are the tax rules?

  • Most taxpayers believe that a "dependent" is a minor child that lives with them. While that is essentially correct, dependents can include parents, other relatives and nonrelatives, and even children who don't live with you. There is really much more to the dependent deduction than you might at first imagine. Read more.
  • January 2013 - Beginning on Jan. 1, 2013, the standard mileage rates have increased $.01 for the use of a vehicle.

    The rates will be:

    56.5 cents per mile for business miles driven

    24 cents per mile driven for medical or moving purposes

    14 cents per mile driven in service of charitable organizations

    January 2013 - IRS has announced that they will not be accepting paper or e-filing for 1040’s until January 30th, 2013. But this is only for 1040’s that are not claiming residential energy credits, depreciation of property or general business credits. They hope to have the rest of the forms updated from the January Law changes that Congress made under the American Taxpayer Relief Act (ATRA) by Early March.

    December 2012 - 9 Year-End Tax Tips for Non-Millionaires

    October 2012 - Remember the deadline to file extended returns is approaching fast (Oct 15)!

    April 2012 - 2012 Real Estate Tax Reporting Changes

    March 2012 - Man convicted of "enormous" tax scam

    January 4, 2012 - 2011 Tax Return Deadline is April 17th!

    January 3, 2012 - IRS Offers Top 10 Tax-Time Tips

    January 2012 - 2011 Changes Offer Tax Benefits to Almost Everyone...

    November 2011 - Tax Turkey-Bits

    September 2011 - End of Summer Newsletter