TaxBeat- NJ's Digital Tax Magazine
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Land Line Magazine: The Business Magazine for Professional Truckers

Land Line Magazine: The Business Magazine for Professional Truckers | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Land Line Magazine: The Business Magazine for Professional Truckers
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Tax Help: 5 Steps for a Good Filing Season | J.K. Lasser.com

Tax Help: 5 Steps for a Good Filing Season | J.K. Lasser.com | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Cornerstone Tax Services's insight:

It's that time of the year again! We look forward to seeing you at Cornerstone Tax Services, Clinton, NJ.

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End of Year 2012 Tax Tips | Cornerstone Tax Services, LLC.

End of Year 2012 Tax Tips | Cornerstone Tax Services, LLC. | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
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Legislation would allow taxpayers to deduct more storm losses

Legislation would allow taxpayers to deduct more storm losses | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
New Jersey homeowners could deduct more of the losses to their property caused by superstorm Sandy under federal legislation that is expected to be introduced next week, lawmakers said Thursday.
Cornerstone Tax Services's insight:

The Hurricane Sandy Tax Relief Act of 2012, sponsored in part by Rep. Bill Pascrell Jr., D-N.J., would remove limits on what’s known as the casualty loss deduction available to taxpayers after natural disasters.

Call Cornerstone Tax Services 908-894-6582 to find out the tax impact of your loss in NJ, PA or NY

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Standard Mileage Rates for 2013

Standard Mileage Rates for 2013 | TaxBeat- NJ's Digital Tax Magazine | Scoop.it

Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

56.5 cents per mile for business miles driven
24 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

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IRS Gives Sandy Victims a Break [AUDIO]

IRS Gives Sandy Victims a Break [AUDIO] | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
The Internal Revenue Service says they also have some help to offer New Jersey victims of the recent storms.
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Roth IRA Conversions: Still Tax-Smart

Roth IRA Conversions: Still Tax-Smart | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Bischoff: Conditions remain favorable for conversions -- at least until the end of this year.
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TaxBeat with Fitzroy Henry, CPA- Sole Proprietorships, Part 2

Welcome to TaxBeat with Fitzroy Henry, CPA. Join us as we talk about tax issues of interest to you and your family. TaxBeat is sponsored by Cornerstone Tax S...
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2012 Estate Planning: Tax Planning Steps To Take Now - The Sacramento Bee

2012 Estate Planning: Tax Planning Steps To Take Now - The Sacramento Bee | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
/PRNewswire/ -- Martin M. Shenkman, Esq., Jonathan Blattmachr, Esq. and Robert S.
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New York's MTA payroll tax unconstitutional: judge

New York's MTA payroll tax unconstitutional: judge | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
(Reuters) - New York's Metropolitan Transportation Authority could lose $1.5 billion of revenue a year after a state court ruled on Wednesday that a payroll tax was unconstitutional, partly because it...
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Tying the Knot in 2012? How Marriage Impacts Your Taxes

Tying the Knot in 2012? How Marriage Impacts Your Taxes | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
One of the most significant changes that comes with marriage is a new tax filing status and there are several options. If you are planning to tie the knot this year, here are some more items to keep in mind.
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Top Earners Set to Pay Most Especially Married People

Top Earners Set to Pay Most Especially Married People | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
It pays to be single -- that is, when it comes to high earners’ tax bills.
Cornerstone Tax Services's insight:

As a married couple, more of their income is subject to the phase-outs on personal exemptions and limits on itemized deductions as well as the higher taxes on wages and investment income from both the health-care law and budget deal.

“They made it worse because of where they set the brackets,” Perry said of the marriage penalty as it applies to high-earning, married couples.

That’s because the thresholds for individuals and married couples at the higher rates are close together, said Scott Kaplowitch, a partner at the Boston-based accounting firm of Edelstein & Co. LLP.

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Taxbeat- Casualty and Theft Loss Tax Deduction

Fitzroy Henry, CPA explains casualty loss and tax deductions
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José Andrés’ Gambas al Ajillo

José Andrés’ Gambas al Ajillo | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Experiencing Food, Sharing Culture
Cornerstone Tax Services's insight:

This looks amazing.  Thanks to Andrew Zimmern and Jose Andres for making this recipe known.

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Taxbeat- Casualty and Theft Loss Tax Deduction

[PODCAST] TaxBeat-Fitzroy Henry, CPA explains casualty loss and tax deductions...

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IRS Gives Additional Time to Small, Automatically Revoked Tax-Exempt Organizations Affected by Hurricane Sandy

IRS Gives Additional Time to Small, Automatically Revoked Tax-Exempt Organizations Affected by Hurricane Sandy | TaxBeat- NJ's Digital Tax Magazine | Scoop.it

WASHINGTON — As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the IRS is postponing the filing date until Feb. 1, 2013, for some small tax-exempt organizations affected by Hurricane Sandy to take advantage of transitional relief when applying for reinstatement of their exempt status.

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IRS relaxes limitations on retirement plans for Hurricane Sandy victims

IRS relaxes limitations on retirement plans for Hurricane Sandy victims | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
The Internal Revenue Service announced last week that it has relaxed a handful of limitations on employer-sponsored retirement plans to make it easier for plans to provide financial assistance to employees affected by Hurricane Sandy.In a statement...
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Retirement Plans Can Make Loans, Hardship Distributions to Sandy Victims

Retirement Plans Can Make Loans, Hardship Distributions to Sandy Victims | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
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TaxBeat with Fitzroy Henry- Sole Proprietorships, Part 1

Welcome to TaxBeat with Fitzroy Henry, CPA. Join us as we talk about tax issues of interest to you and your family. TaxBeat is sponsored by Cornerstone Tax S...
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Whistleblowers Are Contacting The IRS In Droves After One Man Was Awarded $104 Million

Whistleblowers Are Contacting The IRS In Droves After One Man Was Awarded $104 Million | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Looks like the program is working....
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Tax breaks for refinancing your mortgage

Tax breaks for refinancing your mortgage | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
With mortgage interest rates at historically low levels, refinancing might be an attractive proposition--even if your last refinancing deal was not too long ago.
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Cellphones Are Eating the Family Budget

Cellphones Are Eating the Family Budget | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
People have spent more on phone bills over the past four years as more Americans use smartphones such as Apple's iPhone, even as they have dialed back on dining out, clothes and entertainment.
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A checklist for your 2012 tax deductions · Lemon Blog

A checklist for your 2012 tax deductions · Lemon Blog | TaxBeat- NJ's Digital Tax Magazine | Scoop.it
Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam.
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