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In this issue:
Summer Renewal Notice
Renew your CFS software by August 31st to earn a $5 voucher for each program renewed, PLUS a 10% discount on any program you've never ordered before. Renew your supplies order by August 31st to take 15% off forms, envelopes, folders, and checks.
Renew Online with MyCFS
Additional Medicare Tax. An additional 0.9% Medicare tax will be imposed on wages and self-employment income of individuals with income in excess of $200,000. For a married couple filing jointly, the threshold amount is $250,000. For a married person filing separately, the threshold is $125,000.
Medicare Tax on Investment Income. An additional 3.8% Medicare tax will be imposed on unearned income, specifically the lesser of net investment income or the amount by which adjusted gross income exceeds $200,000 ($250,000 for a married couple filing jointly; $125,000 for a married person filing separately).
The Federal/State Tax Planner in TaxTools has been programmed for the new provisions. If you don't have TaxTools, order now to get both the 2012 and 2013 programs for the price of one year!
Forms Are Being Shipped
Please check your order as soon as it arrives! Whenever you receive a shipment of tax forms or supplies, we urge you to open it immediately and verify that we sent you the correct items and that there is nothing you forgot to order. Keep in mind that items are sometimes damaged in transit.
Damages, Discrepancies, Returns: Damages or discrepancies must be reported within 14 days of receiving your order. Forms and envelopes may be returned sealed and unused within 30 days, but no later than December 15th. Refunds do not include shipping charges.
If you have not yet ordered your red forms, blank form stock, envelopes, or other supplies, now is the time to do so. You will receive a 15% discount on all supplies ordered by August 31st.
CFS Customer Service
Please contact us if you would like to discontinue this free monthly service.