by GruffyGoat Team | Mar 26, 2015 | Uncategorized
We’re in the thick of tax season, and this year is more challenging than previous years. Two significant parts of the Affordable Care Act are affecting individual returns this year: the premium tax credit and the individual shared-responsibility payment. ...
by GruffyGoat Team | Mar 23, 2015 | Uncategorized
There’s a deadline coming up for retirees who turned 70½ during 2014. The IRS has issued a reminder for these taxpayers who own traditional IRAs, 401(k), 403(b), and 457 plans: they must start receiving required minimum distributions (RMDs) by...
by GruffyGoat Team | Mar 19, 2015 | Uncategorized
Two tax extender bills that would benefit some small businesses are now up for vote. These bills, while they do provide permanent tax extensions, are controversial because they don’t offset the cost of the tax breaks. H.R. 644, a tax extender bill which makes...
by GruffyGoat Team | Mar 18, 2015 | Uncategorized
The Senate Finance committee recently held a hearing with two of the people who played a part in passing the 1986 tax reform: former Senate Finance Chairman Bob Packwood (R-Ore.), and Sen. Bill Bradley (D-N.J.). The Senate members were seeking advice on how to...
by GruffyGoat Team | Mar 11, 2015 | Uncategorized
Almost all state and local tax systems take a larger share of income from the poor than from the rich. But Washington state is notorious for its “regressive” system that hits poor families the hardest and goes extremely easy on the rich. According to...
