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Intuit QuickBooks Payroll
Payroll Update: Revised Tax Tables

In a recent case, Turner, T.C Memo. 2011-209, the Tax Court ruled that formal notice of the withdrawal power is not required. The result of this Tax Court case is that, if a notice requirement is not satisfied regarding a particular transfer to a trust, the taxpayer now has an argument that such notice is not required and the annual exclusions claimed were valid.

Posted by: Hope Placek

Senior citizen membership organization AARP recently came under fire by GOP lawmakers questioning the non-profitability of the group’s control over, and approval of, products sold by private firms while personally bypassing millions in tax levies.

Posted by Howard Kass, CPA

Posted by: Brett W. Neate, CPA, MT

By Brett W. Neate, CPA, MT

By Brett Neate, CPA, MT

By Brett W. Neate, CPA, MT

The annual exclusion gift amount will be $13,000 (there is no inflation adjustment for the 2012 amount).