A message from Charles Petz, CPA

Thank you for another great year!

I wanted to take a moment to personally thank you for selecting CrossLink as your professional tax software solution. It is customers like you that have helped us to become the fastest growing professional tax software solution in the country* and I am proud to say that, based on the results of our annual customer survey, we have done so while maintaining our industry-leading customer satisfaction scores.

In the past year we expanded our operations in Rome, GA – and we are not done growing! To continue to meet your needs, this summer we will be doubling our office space in Bellevue, WA. Additionally, we continue to look at ways to improve our solutions and integrate additional technologies to enable your success. Along those lines, I am happy to report that a 64-bit driver for Motorola Symbol scanners will be available on your archive disk in early June.

As many of you will remember from last year, I strongly believe that well rested employees are essential to meeting your needs and ensuring our continued success. In support of this, I wanted to let you know in advance that our employees will be out of office for the period between May 28th and June 1st. During these four business days the entire PEI Team will be recharging their batteries so that when we return to the office on Monday, June 4th we do so with the energy, creativity, and passion you have come to expect from CrossLink. During this period, CrossLink Technical Support will be checking emails and voicemails to ensure urgent matters are supported.

Should you have any questions regarding this break, please do not hesitate to contact your CrossLink Account Team for additional information. Thank you very much for your business!

Charles Petz, CPA
Chief Financial Officer
Petz Enterprises, Inc.

* Based on "Freedom of Information Act data from Third Party Data Store extract listing currently authorized Electronic Return Originators".

IRS Update: Federal Tax Provisions Not Applicable for 2012 Tax Returns

As we move towards the 2013 Filing Season you will need to keep an eye out on what Congress does with regard to the “Extender” tax provisions that expired at the end of 2011.

Here are two lists of the provisions that will have the most impact on individual Tax Year 2012 Federal returns.

Provisions that are no longer applicable for Tax Year 2012 Federal returns:

• $250 Educator Expense Deduction – Form 1040, line 23
• Tuition and Fees Deduction – Form 8917
• Itemized Deduction for Sales Tax
• All personal nonrefundable tax credits allowed when calculating Alternative Minimum Tax
• Click here to read more

Provisions that changed significantly for Tax Year 2012 returns:

• Alternative Minimum Tax (AMT) exemption amounts revert to what they were for Tax Year 2000: Tax Year 2012 AMT exemption amount is:
• Single/Head of Household: $33,750
• Married Filing Joint: $45,000
• Married Filing Separate: $22,500
• Maximum Section 179 Deduction amount has been reduced to $139,000 for Tax Year 2012
• Click here to read more

Click here to read the entire CrossLink Tax Update that includes further information regarding Federal tax provisions that are not applicable or have been changed for Tax Year 2012 Federal tax returns.