President’s Budget Proposes AMT Elimination, Tax Reform

TOP STORY Sponsored by President’s Budget Proposes AMT Elimination, Tax Reform  (JofA) - President Barack Obama unveiled his proposed budget for fiscal year 2013 on Monday. Included in its 256 pages are several tax reform proposals, including plans to eliminate the alternative minimum tax (AMT), to repeal LIFO, and to tax dividends of high-income taxpayers at ordinary income rates.  ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES President Obama's Budget Boosts IRS Spending (The Hill) - The IRS would receive $12.8 billion under the White House budget, or around $950 million more than the tax collecting agency is scheduled to get during the current fiscal year. The agency received roughly $12.1 billion in fiscal 2011.  IRS Issues Rules for Providing K-1s Electronically (IRS) - The IRS issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients.  Get Organized: 25 Essential Keyboard Shortcuts (PC Mag) - Organization and productivity go hand-in-hand. Learn even a few of these keyboard shortcuts for Windows PCs or Macs to improve your efficiency.  State and Federal Tax Laws Conflict for Same-sex Couples (USA Today) - Few taxpayers look forward to tax season, but the annual obligation is particularly laborious for tens of thousands of same-sex couples who live in states that recognize gay marriage or civil unions.  Did You Know?... Citations for the Weekly Podcast Click here for your Personalized State, Health, Travel, Sports, Entertainment, Science and World News. THE ACCOUNTANT 4-1-1 Rental Real Estate Rules and Real Estate Professionals Brief Review for 2012 Tax Season (Individuals) Social Security and Tax Planning Taxation President’s Budget Proposes AMT Elimination, Tax Reform President Obama's Budget Boosts IRS Spending IRS Issues Rules for Providing K-1s Electronically ? TEST YOUR TAX & ACCOUNTING KNOWLEDGE Moved, Reimbursement Question - Click here to answer Have a question? Let experts and peers help you. ACCOUNTING/AUDIT President Obama Unveils $3.8 Trillion Budget Moody's Warns it May Downgrade U.K. Rating Technology Get Organized: 25 Essential Keyboard Shortcuts Apple Hits $500, Flirts With $500 Billion Valuation

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