Month: January 2013

Archive for January 2013

IRA Qualified Charitable Distribution Reinstated

There are very few opportunities to conduct tax planning for 2012 once the calendar year flips to 2013.  However, a unique, very limited opportunity is available for the 2012 tax year.  One of the provisions of the recently passed American Taxpayer Relief Act of 2012 was the reinstatement of the Qualified Charitable Distribution (QCD) from…

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The Fiscal Cliff

Talk of “going off the fiscal cliff” has been haunting me over the last several months. I started researching the provisions, and realized that the impact was much more far reaching than I had originally understood. The combination of the expiration of the Bush-era tax cuts as well as the impending start of the Obama…

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Tax Deficiencies Can Now Result in License Suspensions

Marie Holliday, CPA, MBA & Susan Marley, CPA of Cover & Rossiter, P.A. were recently published in the Medical Society of Delaware‘s Delaware Medical Journal. The economic downturn of the past several years has put tremendous pressure on state budgets. As a state’s citizens experience a reduction in their levels of income there is a corresponding…

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