Are you keeping up with the latest tax law changes? In the last ten years, Congress has made numerous changes to the U.S. Tax Code.  This is a daunting task for even a professsional tax preparer.

Let me help you determine how these law changes affect you.  The late enactment of the Alternative Minimum Tax "patch" is expected to delay the processing of tax returns for approximately 13.5 million taxpayers.  The IRS has targeted February 11, 2008 as the potential starting date for taxpayers to begin submitting returns affected by the patch. In Massachusetts, taxpayers can expect to receive a new form 1099-HC from their health care insurance provider and are now required to file new Massachusetts Form HC or face the loss of their personal exemption. Massachusetts taxpayers may still take advantage of the commuter deduction, however several other allowances have expired or been repealed.  Don't miss out on changes related to last-minute legislation!