mjamescpa.blogspot.com
Martin James Investment & Tax Management: Ed Slotts IRA Advisor - April 2011 Edition
http://mjamescpa.blogspot.com/2011/05/ed-slotts-ira-advisor-april-2011.html
Martin James Investment and Tax Management. May 25, 2011. Ed Slotts IRA Advisor - April 2011 Edition. Ed Slott’s IRA Advisor. Martin James, CPA. Dig Deeper for True Marginal Tax Rates. Should your client convert a traditional IRA to a Roth IRA? Contribute to a traditional 401(k) or a Roth 401(k)? Factors that Impact the Marginal Rate. After taking the standard deduction and four personal exemptions, plus a $25,000 deduction from the rental property loss, the Johnsons’ taxable income would fall to $...
mjamescpa.blogspot.com
Martin James Investment & Tax Management
http://mjamescpa.blogspot.com/2011/06/indiana-to-tax-out-of-state-municipal.html
Martin James Investment and Tax Management. June 9, 2011. Indiana to Tax Out of State Municipal Bonds Beginning in 2012. 2011, Indiana Governor, Mitch Daniels signed two tax bills, one bill includes a provision to tax municipal bond interest from bonds issued from states other than Indiana. Ind Code § 6-3-1-3.5(a)(33) as added by L. 2011, P.L. 172, §53, eff. 01/01/2012. "Adjusted gross income" defined adds back to your Indiana income. What does this potentially mean to the Indiana municipal bond investor?
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Martin James Investment & Tax Management: Families with the Highest Tax Rates. Not what you think.
http://mjamescpa.blogspot.com/2011/01/families-with-highest-tax-rates-not.html
Martin James Investment and Tax Management. January 5, 2011. Families with the Highest Tax Rates. Not what you think. The highest tax rates in the land are not what you think. Many families are taxed more heavily on the next dollar earned than are most professional athletes and corporate executives. 25,000 W-2 wages taxed at 7.65% (0% federal and 7.65% payroll). 27,000 and $30,000 W-2 wages taxed at 17.65% (10% federal and 7.65% payroll). Income and Payroll Taxes. Cash Flow after Taxes. Martin James, CPA...
mjamescpa.blogspot.com
Martin James Investment & Tax Management: October 2011
http://mjamescpa.blogspot.com/2011_10_01_archive.html
Martin James Investment and Tax Management. October 11, 2011. All the talk of a Recession:. Since when is a recession a new thing? What is working for our economy now? Recent prices at the gasoline pump are lower, interest rates are at extreme lows due to an accommodating Federal Reserve, there is liquidity, the dollar is weak (helps with the exporting of our goods), assets prices (especially real estate) have been lowered and Corporate profit margins are good. What is not working for our economy? This s...
mjamescpa.blogspot.com
Martin James Investment & Tax Management: May 2012
http://mjamescpa.blogspot.com/2012_05_01_archive.html
Martin James Investment and Tax Management. May 30, 2012. Charitable Contribution: "But I made the contribution and have a receipt". The David P. Durden, et ux. v. Commisioner, TC Memo 2012-140. The taxpayers conceded they did not "strictly" comply with the requirements, but argued they "substantially" complied. The amount of cash and a description (but not value) of any property other than cash contributed. This statement is considered "contemporaneous" if you receive the statement on or before the earl...
mjamescpa.blogspot.com
Martin James Investment & Tax Management: June 2011
http://mjamescpa.blogspot.com/2011_06_01_archive.html
Martin James Investment and Tax Management. June 9, 2011. Indiana to Tax Out of State Municipal Bonds Beginning in 2012. 2011, Indiana Governor, Mitch Daniels signed two tax bills, one bill includes a provision to tax municipal bond interest from bonds issued from states other than Indiana. Ind Code § 6-3-1-3.5(a)(33) as added by L. 2011, P.L. 172, §53, eff. 01/01/2012. "Adjusted gross income" defined adds back to your Indiana income. What does this potentially mean to the Indiana municipal bond investor?
mjamescpa.blogspot.com
Martin James Investment & Tax Management: May 2011
http://mjamescpa.blogspot.com/2011_05_01_archive.html
Martin James Investment and Tax Management. May 25, 2011. Ed Slotts IRA Advisor - April 2011 Edition. Ed Slott’s IRA Advisor. Martin James, CPA. Dig Deeper for True Marginal Tax Rates. Should your client convert a traditional IRA to a Roth IRA? Contribute to a traditional 401(k) or a Roth 401(k)? Factors that Impact the Marginal Rate. After taking the standard deduction and four personal exemptions, plus a $25,000 deduction from the rental property loss, the Johnsons’ taxable income would fall to $...
mjamescpa.blogspot.com
Martin James Investment & Tax Management: September 2010
http://mjamescpa.blogspot.com/2010_09_01_archive.html
Martin James Investment and Tax Management. September 30, 2010. 1099 Reporting Changes in the 2010 Small Business Jobs Act (signed into law on September 27, 2010). There has been much discussion in the small-business community concerning the new 1099 reporting requirements, enacted by the healthcare bill, that are effective for years after December 31, 2011. While many industry groups, including the AICPA. American Institute of Certified Public Accountants. Increased information return penalties. For inf...
mjamescpa.blogspot.com
Martin James Investment & Tax Management: Charitable Contribution Receipts
http://mjamescpa.blogspot.com/2012/05/charitable-contribution-receipts.html
Martin James Investment and Tax Management. May 30, 2012. Charitable Contribution: "But I made the contribution and have a receipt". The David P. Durden, et ux. v. Commisioner, TC Memo 2012-140. The taxpayers conceded they did not "strictly" comply with the requirements, but argued they "substantially" complied. The amount of cash and a description (but not value) of any property other than cash contributed. This statement is considered "contemporaneous" if you receive the statement on or before the earl...
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