Social Security Wage Cap and Benefit Amounts Increase for 2022
For 2022, the Social Security wage cap will be $147,000, and Social Security and Supplemental Security Income (SSI) benefits will increase by 5.9 percent. These changes reflect cost-of-living adjustme...
Second Circuit Affirms SALT Cap Constitutionality
The Court of Appeals for the Second Circuit affirmed the district court's judgment that the cap on the federal income tax deduction for money paid in state and local taxes (SALT) is constitutional....
COBRA Extension Guidance Clarified
The IRS issued a notice clarifying the application of certain extensions granted under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) for the election of COBRA coverage and payment...
LLC Tax-Exempt Determination Letter Requirements Released
The IRS released standards that a limited liability company (LLC) must satisfy to receive a determination letter recognizing it as tax-exempt under Code Secs. 501(a)(1) and 501(c)(3). This does not...
Our sole purpose is to provide our clients with highly personalized legal and tax advice.
Welcome and thank you for visiting the website of Begley Law Offices, PA.
Since 1984, we have worked with hundreds of individuals and small to medium-sized businesses providing the best possible tax and legal services at affordable fees. We have formed countless rewarding business relationships throughout Minnesota and have helped our clients grow. Our site lists the various services we have to offer in addition to useful tax tools and information. Details regarding our office, meeting preparation, rates, and some commonly asked tax questions can be found on the FAQ page.
Also, please see in the Newsletter Section of our website other articles on tax planning.
Please feel free to contact us with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.
This link takes you to your personal SmartVault portal where you may exchange tax documents securely with our office.
The information in this Web Site is for general guidance only, and does not constitute legal advice, tax advice, accounting services, investment advice, or professional consulting. The information should not and may not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making decisions or taking actions, consult a professional adviser who has been provided with all pertinent facts relevant in your particular situation.
This notice is required by IRS Circular 230, which regulates written communications about federal tax matters between tax advisors and their clients. To the extent the preceding correspondence and/or any attachment is a written tax advice communication, it is not a full “covered opinion.” Accordingly, this advice is not intended and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS.
