Russell M. Khederian

The Social Security 2% tax reduction that had Congress tied up in knots finally passed through the House and Senate very late in December.  This is a temporary extension of the tax cut. The Social Security tax rate (currently at 4.2%) will revert back to its traditional 6.2% rate unless Congress extends the cut by the end of February. The chance of this cut being extended through the end of 2012 are 100%. This is a very sensitive item and no one wants to address a tax increase until after the November elections.

The Tax Relief, Unemployment Insurance, Reauthorization and Job Creation Act of 2010 (The 2010 Tax Relief Act) was the last of 3 major tax bills enacted in 2010. many of the provisions of the 2010 Tax relief Act will be expiring at the end of 2012 (e.g. Bush tax cuts and the Estate tax exemption).

I have provided a link below to the CCH comprehensive 2011 tax year in review which looks at many current and proposed (post 2012) tax issues.

I have been with CCH since they acquired my old tax software provider (Pencil Pushers) in the 1990's.  CCH is the leading provider of information services, software and workflow tools for tax, accounting, legal and business professionals. This special report is an all inclusive summary of the aforementioned 2010 and 2011 tax acts.

 

http://tax.cchgroup.com/downloads/files/pdfs/legislation/2011yearend.pdf



Phil Spector may have had the "Wall of Sound" but I have the "Wall of Movements"  WARNING: It has grown somewhat since the spring.

Sonya  and Riley cool off in my above ground pool

The Remco Whirlybird c: 1960  One of the greatest toys of the 1960's

 

IMPORTANT NOTE

On January 6, 2012 we will begin sending each individual tax client our 2011  Income tax questionnaire. This form should be completed prior to our annual meeting.

If you have not received the 2011 questionnaire or need another copy please click on the " Income Tax Questionnaire" tab at the top of this page. You can  then print out individual pages or the entire form. 

You may also contact Sharon at our office and we will mail you or fax you a copy.   Call Sharon at 617-484-1816 or email her at belmontcap@aol.com.

 2008 Woodland Country Club Member-Guest Overall Champions

Bob and Russ Khederian

 3 Stooges Hand Puppets c:1959

Christmas 1959

Paris 2009

Taken where my father (US Army- Purple Heart recipient)  stood after the liberation of France  in 1944