income tax

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CJBS
by Michael W. Blitstein, CPA It’s never been easy to navigate the various tax consequences of buying and selling securities and investments. Among the many obstacles investors need to consider in 2014 is the relatively new net investment income tax (“NIIT”). This 3.8% tax may apply to your net investment income if your income exceeds […]
October 14, 2014
4 MIN READ
Accounting
Economy
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Tax deductions
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CJBS
by Michael W. Blitstein, CPA Married couples with children would no longer face a tax penalty when claiming the child tax credit under a House bill passed on July 25, 2014. House lawmakers voted 237 to 173 to approve the Child Tax Credit Improvement Bill of 2014.  The bill would eliminate the marriage penalty in […]
July 30, 2014
2 MIN READ
Accounting
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by Larry Goldsmith, JD, CPA, MAFF, and Julieann Chaet, CPA, MAFF I’ve always looked at accountants, CPAs or not, as instruments or tools to be used by the IRS or the banks, or buyers and sellers of businesses. What I mean by that is, accountants working in public accounting firms complete the tasks for the Internal […]
May 7, 2014
4 MIN READ
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by Michael W. Blitstein, CPA  Democrats and Republicans have begun a two week recess with lawmakers returning home to promote very different visions of tax reform. Before recessing, the House passed a Republican budget blueprint calling for individual and business rate cuts, the Ways and Means Committee approved a GOP small business tax package, and […]
April 9, 2012
2 MIN READ