HLB | Horton, Lee, Burnett, Peacock, Cleveland & Grainger, P.C. http://hortonlee.com Certified Public Accounts Birmingham, AL; More than pencil pushers, real CPAs working for you. Tue, 07 Feb 2012 23:29:14 +0000 en hourly 1 Tax Provisions Expiring in 2011 http://hortonlee.com/2011/12/13/tax-provisions-expiring-in-2011-3/ http://hortonlee.com/2011/12/13/tax-provisions-expiring-in-2011-3/#comments Tue, 13 Dec 2011 19:38:03 +0000 Lee Benson http://hortonlee.com/?p=554 See below for a list of Business and Individual tax changes that expire as of December 31, 2011:

Business Tax Changes

  • - The research and development and work opportunity tax credits expire
  • - The enhanced charitable deductions for contributions of food, books, and computer technology expire
  • - The special S corporation built-in gains tax suspension period expire
  • - The 15-year recovery period for leasehold improvements, restaurant property, and retail improvements expire
  • - The 100% bonus depreciation deduction will be scaled back to 50% in 2012
  • - The Section 179 deduction limit will fall from $500,000 this year to $139,000 in 2012
 

Individual Tax Changes

  • - Deduction for elementary and secondary school teacher expenses expires
  • - Deduction for state and local sales taxes expires
  • - Deduction for mortgage insurance premiums expires
  • - Deduction for qualified tuition expenses expires
  • - Congress may extend the Social Security payroll tax break
  • - Tax-free distributions from IRA’s for charitable purposes expires
]]> http://hortonlee.com/2011/12/13/tax-provisions-expiring-in-2011-3/feed/ 0 2012 Social Security Wage Base http://hortonlee.com/2011/10/21/2012-social-security-wage-base/ http://hortonlee.com/2011/10/21/2012-social-security-wage-base/#comments Fri, 21 Oct 2011 13:56:47 +0000 Lee Benson http://hortonlee.com/?p=525 http://hortonlee.com/2011/10/21/2012-social-security-wage-base/feed/ 0 FUTA surtax is no longer in effect http://hortonlee.com/2011/07/18/futa-surtax-is-no-longer-in-effect/ http://hortonlee.com/2011/07/18/futa-surtax-is-no-longer-in-effect/#comments Mon, 18 Jul 2011 14:33:16 +0000 Lee Benson http://hortonlee.com/?p=518 http://hortonlee.com/2011/07/18/futa-surtax-is-no-longer-in-effect/feed/ 0 Mortgage Loan Calculator http://hortonlee.com/2011/07/07/mortgage-loan-calculator/ http://hortonlee.com/2011/07/07/mortgage-loan-calculator/#comments Thu, 07 Jul 2011 20:58:33 +0000 Lee Benson http://hortonlee.com/?p=512 HLB Calculators ]]> http://hortonlee.com/2011/07/07/mortgage-loan-calculator/feed/ 1 Gas Prices, Yikes! http://hortonlee.com/2011/06/26/gas-prices-yikes/ http://hortonlee.com/2011/06/26/gas-prices-yikes/#comments Sun, 26 Jun 2011 17:56:57 +0000 Angela Vaughn http://source27.com/hlb/?p=442 http://hortonlee.com/2011/06/26/gas-prices-yikes/feed/ 0 IRS Forms and Publications http://hortonlee.com/2011/06/25/irs-forms-and-publications/ http://hortonlee.com/2011/06/25/irs-forms-and-publications/#comments Sat, 25 Jun 2011 17:54:46 +0000 Angela Vaughn http://source27.com/hlb/?p=438 http://hortonlee.com/2011/06/25/irs-forms-and-publications/feed/ 0 Tax Relief for Storm Victims http://hortonlee.com/2011/06/24/tax-relief-for-storm-victims/ http://hortonlee.com/2011/06/24/tax-relief-for-storm-victims/#comments Fri, 24 Jun 2011 16:58:45 +0000 Angela Vaughn http://source27.com/hlb/?p=433 http://hortonlee.com/2011/06/24/tax-relief-for-storm-victims/feed/ 0