Warning: Use of undefined constant wp_cumulus_widget - assumed 'wp_cumulus_widget' (this will throw an Error in a future version of PHP) in /home/www/cpa-la.com/wp-content/plugins/wp-cumulus/wp-cumulus.php on line 375
President Signs Payroll Tax Cut Extension Bill; New Form 941 Released - Emil Estafanous, CPA : Emil Estafanous, CPA

President Signs Payroll Tax Cut Extension Bill; New Form 941 Released

On a dusk of Feb. 22 during a White House, President Barack Obama sealed into law a Middle Class Tax Relief and Job Creation Act of 2012, H.R. 3630. On Feb. 23, a IRS expelled a revised Form 941Employer’s Quarterly Federal Tax Return, to simulate a extended payroll taxation cut.

The act extends a 4.2% rate for a worker apportionment of Social Security taxation by a finish of 2012. It also extends certain stagnation advantages and blocks a cut in Medicare payments to doctors. The act also repeals earlier-enacted shifts in a timing of corporate estimated taxation payments.

The act raises income by an auction of a spectrum of open airwaves, now indifferent for television, to concede for some-more wireless internet systems.

A 2% recapture taxation enacted in a Dec legislation that extended a payroll taxation cut by Feb. 29, that effectively capped a volume of salary authorised for a payroll taxation cut during $18,350, was also repealed by a act.

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Our clients are located throughout Southern California in cities such as Los Angeles, CPA: Whittier, Santa Fe Springs Accounting, Artesia, Cerritos CPA, Bellflower: Tax Preparation, Payroll: Downey, La Palma, Accountant: La Mirada, IRS Representation: Lakewood , Gardena, La Habra, Brea, Rancho Dominguez, Hacienda Heights, Torrance, Diamond Bar, South Bay, Pomona, Carson, Buena Park, La Puente, Orange, Anaheim, Fullerton, Seal Beach, Costa Mesa, Irvine, Garden Grove, Huntington Beach, Santa Ana, Hawthorne, Santa Monica, Montebello, Pico Rivera, Newport Beach, Hollywood, and many more.