|
February 2012 Market Review |
|
Greetings!
We are sorry this edition is a few days late but there was a lot of important information to include. Below you will find your February Market Review, Tax Update Information and a Tax Scam Alert.
It's not to late to call and schedule your tax appointment! Call us at 309-808-2224.
Have a great week!
Sincerely,
Krista
 |
|
Market Review: February 2012 |
|
The Nasdaq came on strong for the second 
month in a row (though at a somewhat
slower pace than in January) as it briefly hit 3,000 for the first time since 2000. An agreement on a second Greek bailout helped the Global Dow continue to heal; its year-to-date performance is now second only to the Nasdaq's. Click Here to Read More |
|
Seven Tips to Help You Determine if Your Social Security Benefits are Taxable |
|
Many people may not realize the Social Security benefits they received in 2011 may be taxable. All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. You can use this information to help you determine if your benefits are taxable. Here are seven tips from the IRS to help you: Click Here to Learn More |
|
Intuit Tax Id Scam |
|
The Taxgirl Blog has brought to our attention a 
new email scam. Scammers are requesting
victims to click a link to update their Intuit tax information. The link will take victims to a malicious website. Many individuals use Intuit products such as Quickbooks and Quicken. Be sure to click on the link above to lean more.
|
Tax Update: Get Your Prior Year's Tax Information from IRS |
|
 Sometimes taxpayers need a copy of an old tax return, but can't find or don't have their own records. There are three easy and convenient options for getting tax return transcripts and tax account transcripts from the IRS: on the web, by phone or by mail. There are eight things you need to know about getting federal tax return information from a previously filed tax return.
Click Here to Lean More |
|
Payroll Tax Cut Extended to End of 2012 |
|
If you work in a job that's covered by Social Security, your employer normally withholds 6.2% of your wages to pay for the Social Security portion of federal employment (Federal Insurance Contributions Act, or FICA) taxes (assessed on wages up to the taxable wage base of $110,100 in 2012). Your employer has to pay the same amount--6.2% of your wages up to $110,100 (in 2012). You and your employer also each contribute an additional 1.45% of your compensation (with no limit) for the Medicare portion of the FICA employment tax.
Click Here to Learn More |
