The 2012 Income Tax Act contains several provisions that affect individual tax payers.
In this segment, Gregory W. Beck, CPA explores the changes affecting individual tax rates, the new 39.6% rate, the new limitation on itemized deductions and personal exemptions as well as other provisions.
In January 2013 President Obama signed into law the American Taxpayer Relief Act.
Although there were many provision and tax increases, there were also some interesting opportunities. In this video, Gregory W. Beck, CPA discusses some of the opportunities in the provisions that relate to business expenses and depreciation. (Click below to watch)
To schedule a FREE, half hour consultation with Gregory W. Beck, please call (714) 583-1040.
Important Tax Dates to Remember for 2013 from Gregory W. Beck, CPA
MARCH 15, 2013
Today is the deadline for corporate tax returns this means, forms 1120, 1120A, and 1120S. If you do not complete your corporate return today a request for a 6-month extension, form 7004, must be filed.
APRIL 15, 2013
Deadline to file individual tax returns, Form 1040, 1040A, or 1040EZ. Or you may request an Automatic Extension (Form 4868) for the year 2012 which will provide you with six extra months to file your tax return. Payment of the tax is still due by April 15th.
The Form 1041, deadline to file estate income tax or trust income tax returns or a request for an automatic 5-month filing extension (Form 7004).
Deadline to file your partnership tax returns, also known as the Form 1065. You may also request an automatic 5-month extension
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