RG & Associates

With tax season approaching, here is a checklist of tax changes to help you plan the year ahead.

Mesa, AZ Accounting Firm | Newsletter Page | RG and Associates Take a look at our Newsletter page. RG and Associates is a full service tax, accounting and business consulting firm located in Mesa, AZ.

Greetings from Camila:
Dear Roy!!! How are you?
Lots of work? Always, huh?
I want to tell you I went to Colorado Springs at the Olympic Training Center for the Panamerican championship. I am very happy as I won the bronze metal. My weight class had lots of people and many of them were champions!
I was very happy for the medal because the match was really hard. Roberto Leitao, Brazil Wrestling Federation President, has now decided to take me with the other wrestlers to Colorado Springs again around the 5th or 7th of March for training for about 20 days. I am really happy! The reason why I am sending this email is to thank you for all you do for me. For sure, the experience to participate in the world competition last September in Istanbul Turkey reflected in my results in this Panamerican tournament. For sure, you played a great part in my receiving this medal, so I dedicate it to you.
From the bottom of my heart… Thank you so much!!!
I hope you are doing well!!!
I miss you!!!
Kisses,
Camila!

http://bradfordtaxinstitute.com/Content/16-Tax-Deduction-Targets-Increase-Vehicle-Deductions.aspx

Tax Reduction Letter - 16 Tax Deduction Targets to Increase Your Business Car, SUV, Truck, and Van. Are you doing what you legally can to increase your percent of vehicle use? There’s a big difference in deduction benefits when you use a vehicle 90 percent rather than 40 percent for business.

February 23, 2012

Refund Delay Update

The IRS is aware that some taxpayers who have e-filed and received an acknowledgement from the IRS are concerned that when they visit "Where's My Refund" they are told that the IRS has no information regarding their return. This is a temporary situation and the IRS expects to resolve the matter in a few days. At that time, taxpayers will be able to get an expected refund date when they visit "Where's My Refund."

If taxpayers received an acknowledgment message that their e-filed tax return has been received, they can be assured that the IRS has the tax return even though "Where's My Refund" does not reflect that. Taxpayers should not call the IRS unless specifically directed by "Where's My Refund," as there is no new information to give them.

The IRS expects the vast majority of tax refunds to continue to be issued within the historical range of 10 to 21 days. The IRS is taking steps to update information so that “Where's My Refund” has current information. The IRS apologizes for any inconvenience and will provide updated information as soon as possible.

The IRS has posted 2012 Tax Season Refund Frequently Asked Questions. This is a good resource to give to clients.

https://www.tasconline.com/products/agriplan/section-105-plan-2/

Section 105 Plan Section 105 of the Internal Revenue Service (IRS) regulations allows for reimbursement of medical expenses under an employer-sponsored health plan. There are various types of Section 105 plans including: Health Reimbursement Arrangements, Medical Expense Reimbursement Plans, Accident and Health Plan...

http://bradfordtaxinstitute.com/Content/Medical-Multiple-Businesses.aspx

Tax Reduction Letter - Tax Rules for Section 105 Plan with Multiple Businesses If you, or you and your spouse, own more than one business and you want a Section 105 medical reimbursement plan in one of the businesses, there’s a tax law rule that you need to know.

http://www.nytimes.com/2012/02/20/us/politics/obamas-tax-policy-targets-slice-of-his-base-the-affluent.html

Obama’s Tax Policy Targets Slice of His Base: The Affluent The president’s plan would increase the taxes of well-off Americans, who represent a growing constituency for the Democratic Party.

http://www.irs.gov/businesses/article/0,,id=251489,00.html?portlet=104

New 1099-K Reporting Requirements for Payment Settlement Entities Beginning in January, 2012, payment settlement entities (PSEs) are required by the Housing Assistance Tax Act of 2008 to report on Form 1099-K the following transactions:

http://client.vis1.imprev.net/email/28/10728/output/2575689/2269073/2269073.html

Keller Williams

http://bradfordtaxinstitute.com/Content/Innocent-Spouse.aspx

Tax Reduction Letter - New IRS Notice Makes More Spouses Eligible for Innocent Spouse Tax Relief If your spouse made mistakes or flat-out lied on a joint income tax return and you signed it, the IRS holds both of you jointly responsible for any unpaid taxes.1