Monthly Archives: July 2012

Alabama Forestry Association 2012 Annual Meeting

By |2015-06-05T19:10:57+00:00July 31st, 2012|News & Events|

Title: Alabama Forestry Association 2012 Annual MeetingLocation: Perdido Beach Resort, Orange Beach, AlabamaLink out: Click hereDescription: CPAs Chris Williams and Orman Wilson from JMF are on the slate of speakers, along with Governor Robert Bentley and Dr. Jay Gogue, President of Auburn University, at the 2012 annual meeting of the AFA. Professional credits are available [...]

New Alabama tax incentive aims to boost farm production

By |2015-06-05T19:10:57+00:00July 24th, 2012|Corporate & Partnership Tax, Individual Tax, News & Events, Timber|

A new state tax incentive called The Agricultural Irrigation Systems Tax Credit was signed into law on May 14, which provides farmers who install new irrigation systems or improve existing systems, a one-time tax credit up to 20% of the cost, with a maximum of $10,000 per farm. That's tax CREDIT, not deduction, so it [...]

Medicare Premiums Deductible for Self-Employed

By |2015-06-05T19:10:57+00:00July 17th, 2012|Individual Tax, News & Events|

Self-employed taxpayers may now deduct Medicare premiums from self-employment income. The premiums may be deducted as a self-employed health insurance deduction on Form 1040 Line 29. This is a reversal of a long-held IRS stance against this practice. The IRS Office of Chief Counsel  states that premiums for all Medicare parts are deductible.  Click here [...]

Conservation Easement Seminar August 9th at JMF with Alabama Land Trust

By |2017-05-18T22:55:12+00:00July 10th, 2012|Accounting & Auditing, Estate & Trust, Individual Tax, News & Events, Timber|

If you are looking for CLE or CFE and an informative seminar to attend on conservation easements, JMF and the Alabama Land Trust have put together a slate of presenters, including Timothy Lindstrom and David Wooldridge, that you will not want to miss. This seminar begins with registration at 8:00 am and ends at 3:30 [...]

New Tax Credit for Alabama Farmers

By |2017-05-18T22:55:12+00:00July 6th, 2012|Corporate & Partnership Tax, Individual Tax, Timber|

The Agricultural Irrigation Systems Tax Credit was signed by Governor Robert Bentley on May 14th.  This new tax incentive provides Alabama farmers a credit of up to 20% of the cost of new or improved irrigation systems with a cap of $10,000 per farm.  Decades of research gave rise to the legislation with hopes that the increased agricultural [...]

Health Care Law – New and Increased Medicare Taxes in 2013

By |2017-05-18T22:55:12+00:00July 5th, 2012|Individual Tax, News & Events|

The Supreme Court has upheld all of the provisions of the Patient Protection and Affordable Care Act of 2010 (the Health Care Law).  Unless Congress makes changes then individuals that make more than $200,000 a year ($250,000 if married) will start paying more into Medicare beginning in 2013. The health care law changes the Medicare [...]

JMF/Alabama delegation returns from Germany

By |2017-05-18T22:55:12+00:00July 3rd, 2012|International, News & Events, Press Releases|

Bremen Town Hall Managing Shareholder Bryan Chandler and Practice Growth Director Bobby Bragg joined an Alabama Delegation to Bremen, Germany in June, enforcing JMF's commitment to growing Alabama businesses in the manufacturing industry. Joining them were entrepreneurs, scientists, other business developers and the Alabama Department of Commerce in meeting with German counterparts in [...]

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