Income Tax Topics of Interest
The United States tax code is quite complex, and year-to-year changes can have widespread impact. Call Judy Murray at (603) 432-0310 for more information on how these changes may impact your personal or business finances.
Topic: ARE YOU AN EMPLOYEE OR AN INDEPENDENT CONTRACTOR?
Classification of workers as an employee or an independent contractor has substantial legal, liability, insurance, labor law compliance and tax issues. This article focuses on income tax factors, which can result in substantial penalties to the “employer” if a worker is improperly classified.
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Topic: HISTORIC RULING ON SAME SEX MARRIAGE
On August 29, 2013, the Internal Revenue Service ruled that legally married, same-sex couples will be treated as married for all federal tax purposes, whether or not they live in states and jurisdictions where same-sex marriage is recognized. It includes individual income, gift and estate taxes. This ruling implements federal tax aspects of the June 26, 2013, Supreme Court decision that held that Section 3 of the Defense of Marriage Act (DOMA) was unconstitutional. Read more>>
Topic: PATH Act - PROTECTING AMERICANS FROM TAX HIKES ACT OF 2015
On December 18, 2015, Congress passed the PATH (Protecting Americans From Tax Hikes) act that made permanent several tax credits for businesses and working families.
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Call us today at (603) 432-0310 for more information about how we can help you in this complex, developing tax topic.