by Leif Jensen | Jun 26, 2012 | General |
There was recent case where a co-owner asked the IRS to assist in a battle with his partner. The company was behind in making its payroll tax payments. No surprises there, I am sure. The co-owner had a falling out with his partner; he discovered that the firm...
by Leif Jensen | Jun 26, 2012 | General |
It has been official for a while now. The Social Security wage base is planned to increase from the current level of $110,000 to $113,700 in 2013. Again, social security taxes are collected on wages up to this maximum – once wages exceed the maximum no further...
by Leif Jensen | Jun 26, 2012 | General |
The dawn of 2013 brings forth interesting tidings. The Medicare surtax is an additional tax that will be hitting taxpayers who make (single) over $200,000 or (married) over $250,000 with a 0.9% penalty. So married couples, who expect their combined wages to exceed...
by Leif Jensen | Jun 26, 2012 | General |
The IRS has finally issued guidance for handling the portable estate tax exemptions. After the passing of the first spouse, the surviving spouse can absorb any unused exemptions allowing for larger tax free lifetime gifts or bequeath additional assets free of estate...
by Leif Jensen | Jun 17, 2012 | General |
Apparently some states are looking at extensive job licensing requirements and rethinking the logic behind them. There are those that argue that burdensome industry-backed rules keep people from working. The careers under scrutiny are: cosmetologists, auctioneers,...
by Leif Jensen | Jun 17, 2012 | General |
Publicly financed space exploration is winding down in coming years due to budget cuts at NASA. Fortunately there are some private initiatives, as well as probes by China, the United Kingdom and Russia, are in the works, but some are decades away from being launched....
