by GruffyGoat Team | Jan 8, 2015 | Uncategorized
Because the American Taxpayer Relief Act of 2012 changed only individual tax rates (corporate rates stayed the same), the law changed the effects of paying compensation vs. dividends. For large corporations, the issue of compensation is straightforward, since...
by GruffyGoat Team | Jan 6, 2015 | Uncategorized
There are many benefits of marriage, but liability for the tax owed on income earned by a spouse isn’t one of them. According to the law, married taxpayers who file joint income tax returns are “jointly and severally liable” with their spouses. In...
by GruffyGoat Team | Jan 2, 2015 | Uncategorized
Many people are saying that since the Republicans now control Congress, we’ll finally see tax reform. But don’t get your hopes up that the changes in Congress this November will cause action. As Forbes demonstrated in a recent article, a look...