Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Congress Puts Lid On Health Flexible Spending Arrangements
- As part of the Patient Protection and Affordable Care Act (new health care law), employee contributions to health flexible spending arrangements (health FSA) are now being limited to a maximum pre-tax contribution of $2,500.
- Patient Protection and Affordable Care Act - Large Employer Mandatory Health Coverage
- Beginning in 2015, large employers, generally those with 50 full-time employees in the prior calendar year, will be affected by the Patient Protection and Affordable Care Act. Watch the video to learn how it may affect you.
- Supreme Court Strikes Down DOMA
- The Supreme Court recently struck down Section 3 of the Defense of Marriage Act (DOMA), making it clear that same-sex married couples who reside in a state where same-sex marriages are legal, and in the state in which they were married, can be treated as married for federal tax purposes.
- Documenting Charitable Contributions
- A frequently asked question is, “What records are required for charitable contributions?” In recent years, Congress has passed stringent recordkeeping rules for charitable contributions as well as harsh penalties for understating taxable income. The following is a summary of the recordkeeping rules currently in effect for a variety of contribution types. This list is not all-inclusive, so if you don’t see rules that apply to your particular situation, please give our office a call.
- Did Your 2012 Roth-Converted Account Decline in 2013?
- If you converted your traditional IRA to a Roth IRA during 2012 and paid (or will pay) the tax on the conversion and then watched the value of the account decrease in 2013, you still have an opportunity to do something about it.