other tax

Singles & Couples: Muni-Bond Tax Breaks Disappearing–Maybe

Posted on: December 18th, 2012
What may become part of the “fiscal cliff” drop—and if not, it will be on the 2013 agenda—is the elimination of municipal-bond interest tax breaks. Muni-bond taxes help cover the costs of local utility services, community parks, and more....

Health Care Reform – How it Will Affect Our Taxes

Posted on: March 20th, 2011
Health care reform doesn’t come cheap. How do we pay for it? More and increased taxes, of course, both this year and in future years, along with certain credits for health insurance premium costs. This is an outline of the many tax law changes as a result of the new health care laws, organized by affected parties and implementation date:...

NC 2011 Tax Return Due Date April 18

Posted on: February 2nd, 2011
From the North Carolina Department of Revenue: Taxpayers across the nation will have until April 18, 2011, to file 2010 federal returns, extensions, and payments that ordinarily would be due April 15, 2011. The extra time is provided because April 15 falls on Emancipation day, a legal holiday in the District of Columbia....

Governor Perdue’s Tax Proposal

Posted on: July 8th, 2009
Yesterday North Carolina Governor Beverly Perdue revealed her proposed tax plan, which is designed to raise $1.6 billion in taxes. Here are some of the highlights:...

Text of N.C. Senate Bill 202 – Tax Increases!

Posted on: June 24th, 2009
Senate Bill 202, among other things, contains many tax increases for us in the Tar Heel state, to wit: Increase top income tax brackets to 8.25% and 8.5% (currently 7.75%)...

IRS Allows Roth Conversions for Inherited Retirement Plans

Posted on: April 6th, 2008
In an unexpected announcement (Notice 2008-30), the IRS has stated that it will allow non-spouse beneficiaries of qualified plans (such as a 401(k), 403(b) or employer pension plan) to convert those funds directly to a Roth IRA. ...
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