67 Birch Point / P.O. Box 580
Milbridge, ME 04658
ME Phone: (207) 546-3991 • Fax: (207) 546-3992
PA Phone: (215) 799-0453 • Fax: (215) 257-3251
In this issue:
America Gets a
Raise...Again...Temporarily
Taxability of Credit Card Rewards Programs
Why is My Bank Giving me a Tax Form?
What's New With W-2
and 1099s?
America Gets a Raise...Again...Temporarily
 |
Prior to adjourning for the Holidays a spending package was signed into law by President Obama. The law extends the Social Security tax break and Federal Unemployment benefits for two months. Specifically... |
Taxability of Credit Card Rewards Programs
Why is My Bank Giving me a Tax Form?
|
Many credit card rewards program card-holders are receiving 1099-MISC and 1099-INT forms from their banks. Are the miles you earn on your credit card purchases taxable income?... |
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What's New with My W-2 and 1099s?
 |
Over the next month or so, you will be receiving W-2s from your employer reporting your pay and you will receive a variety of 1099 information tax forms. These forms are being provided to you, your state, and the IRS to ensure you capture all of your income. This year's 2011 forms bring with them some changes worth noting... |
Key Expiring Tax Laws
|
As 2012 is a presidential election year, there will be much discussion, but also much uncertainty about what, if any, tax legislation is passed. Unless Congressional action takes place, the following tax provisions expired at the end of 2011... |
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2012 Mileage Rates
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