Tax issues discussed at Rotary

During the Feb. 19 Rotary meeting, Duane Dunn shared on tax law changes taking effect in 2013. With the “fiscal cliff” challenge and the Bush tax benefits that expired Dec. 31, Congress made a few changes and continued many of the previous rules. Because Congress waited beyond the end of the year of 2012 to pass certain laws, the Internal Revenue Service told Congress it would take them until Jan. 31, 2013, to get the printing of the new forms completed.