tax law

US News
4:32 pm
Thu January 3, 2013

New tax law packed with breaks for businesses

US Capitol Building

WASHINGTON (AP) — Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles.

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WAMC News
12:30 pm
Wed January 2, 2013

John Lavelle - Lavelle & Finn, LLP

WAMC's Brian Shields speaks with tax attorney and certified public accountant John Lavelle of Lavelle & Finn, LLP.

The dreaded drop off the fiscal cliff has been avoided, so what does it mean for our taxes.  Before the agreement, there were dire predictions that many middle-class Americans could see their yearly tax bills go up by some three thousand dollars, if Congress and the White House did not agree on a tax and spending plan by the time the ball dropped in Times Square.

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