James P. Leary Jr., Ltd.
 
Certified Public Accountant

 
 
Friday, March 21, 2014 the Legislature passed a federal conformity bill containing middle class tax cuts and Governor Mark Dayton signed it.  Some of the changes in the bill affect tax year 2013. The link below contains the general information related to the new bill. Please call the office at 651.450.9373 if you have any specific questions.
 

 

Shortly after that, there were important repeals to the Business to Business sales taxes, A review and more detail can be found at www.revenue.state.mn.us/businesses/sut/Pages/B2B_2014_repeal.aspx.

03/28/2014 Irs Warns of new Phishing Scheme using email from the Taxpayer Advocate Service Please read the entire story here: 03.28.2014_IRS_Warning_Regarding_New_Phishing_Schemes.pdf


 

We here at James P. Leary Jr., Ltd. feel that an informed client is our best customer. We know that there is a lot of information on the

Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.


2013_Affordable_Care_Act_Highlights.pdf

2013_Client_Tax_Newsletter.pdf

 
Retaining Tax Information and Records
Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.
 
Substantiating Charitable Contributions
As we approach year-end, many of us may need to catch up on our charitable contributions for a number of reasons in addition to a tax break. So, let's briefly review the IRS rules on deducting charitable contributions.
 
New Tax Rules for Legally Married Same-sex Couples
The U.S. Supreme Court's decision in the Edith Windsor Case, invalidating a key provision of the Defense of Marriage Act, raised many questions regarding the federal income tax rights and responsibilities of same-sex couples.