Posts by Paul

Year End Tax Planning Strategies for Tax Year 2017

Posted by on Nov 28, 2017 in Income Tax Changes | 0 comments

Once again, tax planning for the year ahead presents a number of challenges, first and foremost being what tax reform measures (if any) will actually become legislation–and when they take effect (e.g. retroactive to January 1, 2017, or a future date). Furthermore, a number of tax extenders expired at the end of 2016, which may or may not be reauthorized by Congress and made retroactive to the beginning of the year. And then, of course, there are the normal variations in individual tax circumstances such as the sale of a home that could bump up income into another tax bracket. With this...

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Year End Tax Planning Strategies

Posted by on Nov 5, 2016 in Uncategorized | 1 comment

Tax planning strategies for individuals this year include postponing income and accelerating deductions, as well as careful consideration of timing related investments, charitable gifts, and retirement planning. General tax planning strategies that taxpayers might consider include the following: Sell any investments on which you have a gain or loss this year. For more on this, see Investment Gains and Losses, below. If you anticipate an increase in taxable income in 2016 and are expecting a bonus at year-end, try to get it before December 31. Keep in mind, however, that contractual bonuses...

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2015 Tax Provisions for Individuals

Posted by on Dec 22, 2015 in Income Tax Changes | 1 comment

With the announcement that the tax filing season for 2015 will begin on January 19, America’s Tax & Accounting Service would like to update you on what individuals and families need to know about tax provisions for 2015.   From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2015 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2012–tax provisions that were modified, made permanent, or extended. With that in mind, here’s what individuals and families need to know about tax provisions for...

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2014 Income Tax Changes

Posted by on Dec 30, 2014 in Uncategorized | 0 comments

As tax laws change every year, America’s Tax & Accounting Service has identified the most significant changes for the tax year of 2014 that might affect our clients: 1)   The Patient Protection and Affordable Care Act could well be the biggest change to taxes in 2014. Employers with more than 50 full-time equivalent employees will be facing a tax penalty if they fail to provide affordable essential health coverage to their employees. Individuals who fail to purchase coverage might also be subject to a penalty. Adults could be facing a fine of $95, while the penalty for uninsured...

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New Lakeland Office

Posted by on Jan 4, 2014 in Uncategorized | 0 comments

America’s Tax & Accounting Service is proud to announce our new office, located at 5410 South Florida Avenue, Suite 13, Lakeland, FL 33813. We will be open from January 15 – April 15, 9am – ? pm, and Saturdays from 10 am – 2 pm.  If you would like to schedule an appointment outside of normal business hours, please call us at:  863.644.9756 and we will be happy to make an appointment with you. We would like to welcome all of Pat’s Tax & Accounting clients and we will strive to ensure that you experience the same great service that you have received from...

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