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Friday, December 21, 2012

AccountantsWorld News


Tax Simplification through Readability
(The CPA Journal) - Ever since the tax law was introduced, there has been an outcry for simplification. But how can this be accomplished? The authors suggest writing simpler laws. 
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12 Tips for Troubleshooting Your Internet Connection
(PC Mag) - Quick fixes to your most common wireless Internet and router problems. 
3.8-Percent Tax on Net Investment Income Can Apply to Trusts or Trust Beneficiaries
(CCH) - The new 3.8-percent tax on net investment income (NII), slated to take effect January 1, 2013, applies to certain categories of trusts, or to their beneficiaries, if applicable thresholds are exceeded, a practitioner stated on December 18. Tracy Stone, a specialist in estates, gifts and trusts for KPMG LLP’s Washington National Tax practice... 
Are Roth IRA Conversions Still A Viable Strategy?
(Financial Advisor) - In 2010, Roth IRA conversions were the talk of the town. You could not pick up a newspaper, magazine or any publication without reading an article about this incredible strategy since the $100,000 modified adjusted gross income limitation had been removed. 
While The Fiscal Cliff Keeps You Distracted, The AMT Will Rob You Blind
(Forbes) - While the nation’s eyes are affixed firmly on the future tax implications of the fiscal cliff negotiations, few people realize that they stand to pay larger tax bills in 2012 courtesy of a little something Congress could have — and should have – taken care of long ago... 
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