1. Phone: (415) 334-0156
Email: aigulcpa@gmail.com
www.aigulcpa.com

2. Presented by
Aigul Myekyei, CPA
www.aigulcpa.com

3. Changes in the Laws
 579 changes in tax laws during 2010
 Tax fraud increased
 IRS is hiring more auditors
 Bush tax cuts to expire in 2012
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4. Tax Increases in 2013
 Capital gains rate to increase to 20%
 Additional Medicare surtax on unearned
income of 3.8% for those with AGI over
$200,000/$250,000
 Upper-income wage earners will pay 0.9%
Medicare surtax
 Employee’s portion of social security
returns to 6.2%
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5. Health Insurance Credit
 Is 35% of total eligible premiums paid
 For tax-exempt organizations 25% of
total eligible premiums paid
 Use Form 8941 or Form 3800 to claim
the credit
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6. Section 179 Deductions
 2012 section 179 deduction decreased to
$125,000 and bonus depreciation decreased
to 50%
 In 2013 section 179 deduction will decrease
to $25,000 with no bonus depreciation
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7. S-Corporations Need To Be Aware:
 Reasonable salary to the officers
 S-Corp net income flow to the shareholder
is not subject to FICA
 Many cases are now in tax court
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8. IRS's "Fresh Start" Initiative
 New Penalty Relief For Individuals
and Companies
 Expanded Installment Agreements Now
Going to 72 Months
 More Responsive to Offers in Compromise
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9. How To Avoid An Audit
 Be consistent with all tax returns
 Know the rules and stay informed
 It is what it is!
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10. Presented by
Aigul Myekyei, CPA
www.aigulcpa.com

11. Phone: (415) 334-0156
Email: aigulcpa@gmail.com
www.aigulcpa.com