Author Archives: Mario V. Lucibello, CPA
Summary of American Taxpayer Relief Act of 2012 (H.R. 8)
President Obama has signed into law the American Taxpayer Relief Act of 2012 (H.R. 8) that allows tax rates to rise on the nation’s highest earners while also extending dozens of tax cuts for individuals and businesses. Specifically, the bill: … Continue reading
Posted in Uncategorized
Comments Off
NEW RULES FOR CONNECTICUT MEDICAID PLANNING
Big thanks to our friends at Cramer & Anderson and the New Milford Spectrum for publishing this piece on recent changes in medicaid planning. Follow the link below. http://www.newmilfordspectrum.com/news/article/New-opportunity-in-Medicaid-planning-available-4017145.php#photo-3704963
Posted in Uncategorized
Comments Off
IRS Gets Tech Savvy When Finding Undisclosed Offshore Bank Accounts
How is it that Facebook and Linkedin magically suggest “people you may know” with so much accuracy? Being a tax guy and not a computer programmer I don’t know the exact answer, but I can say with reasonable certainty that … Continue reading
Posted in Uncategorized
Comments Off
Coming This September – IRS Transfer Pricing Field Operation Department
Armed with a full time director and 60 agents, the IRS will be launching a full time department focused solely on your international transfer pricing arrangements. The first order of business will be developing a “road map” for all international … Continue reading
Posted in Tax
Comments Off
Will I be subject to the3.8% Medicare surtax in January 2013?
Beginning January 1st 2013 the 3.8% Medicare surtax will officially be in effect. Simply, the tax will be imposed on the lesser of: Net investment income or, Modified adjusted gross income (MAGI) over 200,000 for single filers and 250,000 for … Continue reading
Posted in Family Offices & Multi-Family Offices, Small Business, Tax
Comments Off
ATTENTION! FREE SMALL BUSINESS ACCOUNTING SOFTWARE!!
Let me start by saying I do not get any payment or any form of compensation for “endorsing” accounting software or anything like that, I am just an avid user of MANY different types and came across this and was … Continue reading
Connecticut Sales and Use Tax: U.S. Supreme Court Asked Whether Teachers Created Nexus for Mail-Order Bookseller
The Connecticut Commissioner of Revenue Services had asked the U.S. Supreme Court whether an out-of-state mail order company that sells books to teachers and students was liable for sales and use tax deficiency assessments because the teachers acted as the … Continue reading
ATTENTION: Connecticut manufacturers, you may qualify for this subsidy!!
Came across this subsidy earlier this morning for all that are interested in applying for some state finds for new hires! http://www.ctihub.com/show/paige-rasid/post/192/step-up-(subsidized-training-and-employment-program)–small-ct-manufacturing-businesses-take-note
So now that health care has passed what is the tax penalty for not having health insurance?
“In 2016, when the penalty is fully phased in, it will be $695 for an individual (up to $2,085 per family) or 2.5 percent of household income, whichever is greater. The penalty will increase annually based on the cost of … Continue reading
Posted in Tax
Leave a comment
Long Time New Milford Accounting Firm, Greenhaus Riordan & Co, In the News!!
Follow this link for a terrific article on our founding partner, Larry Greenhaus, written by the New Milford Spectrum. http://www.newmilfordspectrum.com/news/article/Greenhaus-Riordan-Co-respected-in-the-3459463.php#photo-2778757
Posted in Uncategorized
Leave a comment
