By: Kerri Tassin Several tax provisions intended to benefit both individual and business taxpayers expired at the end of 2014. On December 18, 2015, President Obama signed into law the “Protecting Americans from Tax Hikes” (PATH) Act of 2015 (Public Law 114-113) that extended, modified, and even made permanent, many of the expired provisions. Our Bears Business Brief … [Read more...] about Bears Business Brief: 2015 “Protecting Americans From Tax Hikes” Act
By: Kerri Tassin Saving for the future could result in current tax savings. Taxpayers may have the opportunity to take advantage of deductions, income deferral and possibly a tax credit, all while setting aside a nest egg that will help ensure a financially stable retirement. Knowledge can mean power when it comes to planning for the future. According to the 16th … [Read more...] about Bears Business Brief: Saving for retirement could yield tax savings
By: Kerri Tassin In today’s column I will take a look at recent tax law provisions, some proposed and others enacted, during 2015. Some federal provisions will impact future filing seasons for certain taxpayers, while a Missouri tax provision benefited certain taxpayers during 2015. And one proposed federal bill may come to the rescue of business and individual … [Read more...] about Bears Business Brief: How tax law updates could impact your filing season
Kerri Tassin, J.D., CPA Thieves who steal personal identification information and then use the information to file fraudulent tax returns continue to harass taxpayers and tax administration processes alike. According to the “Interim Results of the 2015 Filing Season” report issued by the treasury inspector general for tax administration on March 31, 2015, as of March 7, … [Read more...] about Bears Business Brief-Taxpayer personal identity and tax information theft
By Kerri L. Tassin, JD Now more than ever before, American workers save for retirement through 401(k) plans and Individual Retirement Accounts. According to a 2012 study conducted by the Society of Actuaries’ Pension Section Research Committee, between the years 1975 to 2005 the number of employees covered by defined benefit plans declined significantly, while … [Read more...] about Bears Business Brief – Planning for early distributions from retirement accounts