The Internal Revenue Service recently issued a publication that will help answer some of the reporting requirements related to the enactment of the Affordable Care Act. This is a must read for those who prepare their own taxes. New IRS Publication helps you understand...
Working The Puzzle From All The Angles
Month: December 2014
IRA Transfers to a Charity
On Behalf of Demetrius J. Karos, Ltd. | Dec 26, 2014 | Tax Law
Congress recently renewed the opportunity for some taxpayers to make a charitable contribution via a distribution from their IRA. Qualified taxpayers can contribute up to $100,000 to qualified charities. More of the details are below: New Law Renews IRA Transfers to...
Does the Lonely Taxpayer Have Rights?
On Behalf of Demetrius J. Karos, Ltd. | Dec 22, 2014 | Tax Law
When a taxpayer is dealing with the Internal Revenue Service, it is very important to know your rights. Tax is a very complicated area and the Internal Revenue Service can be intimidating. Knowing your rights and understanding the law help to even the playing field...
Top Four Year-End IRA Reminders
On Behalf of Demetrius J. Karos, Ltd. | Dec 9, 2014 | Tax Law
Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know.Here are the top four reminders on IRAs from the IRS: 1. Know the limits. You can contribute up...
Top Four Year-End IRA Reminders
On Behalf of Demetrius J. Karos, Ltd. | Dec 9, 2014 | Tax Law
Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know.Here are the top four reminders on IRAs from the IRS: 1. Know the limits. You can contribute up...