John O'Donnell is both an attorney and accountant.  He is a member of the National Society
of Accountants, and he has been providing income and estate tax services for over 25 years.
During this time he has demonstrated that you do not have to pay high fees to receive quality
service.  Unfortunately, too many taxpayers try to save their precious dollars by preparing
their own tax returns, or by using non-professionals.  These can often be costly mistakes.
Mr. O'Donnell provides a wonderful alternative. His fees are competitive with even those
storefront preparers who come around only during tax time.

Mr. O'Donnell is available the entire year to answer all of your tax questions, and to assist
with all of your tax-related needs--including tax planning. Mr. O'Donnell personally
prepares each tax return, unlike many other accountants and tax preparers.  
Every client receives personal care and attention, along with vigorous and experienced
service.

Please feel free to call Mr. O'Donnell at (646) 733-1900 to schedule your appointment.
LAW OFFICES OF
JOHN HUGH O'DONNELL
INCOME TAX SERVICES
NOTE: This website constitutes "Attorney Advertising." The information provided on this page, or at this website, is not, nor is it intended to be, legal advice. You should consult
an attorney for individual advice regarding your personal situation. The information provided herein should not be interpreted as establishing an attorney-client relationship.
Copyright 2012 by John O'Donnell, all rights reserved
Please feel free to call John O'Donnell at (646) 733-1900 with any questions that you may have.
Or, if you prefer, you may send John O'Donnel an email to: john@odlaw.net
PREPARATION OF 2011 INCOME TAX RETURNS*
SHORT FORM RETURN (1040-A, IT-201) $150*
LONG FORM RETURN (1040, Itemized Deductions, IT-201) $175*
*ADDITIONAL INCOME TAX FORMS / SCHEDULES EXTRA (starting at $2 per form)
PLEASE CALL FOR A FREE ESTIMATE AS TO YOUR PARTICULAR SITUATION
ABOUT OUR SERVICES...

FULL SERVICE INCOME TAX PRACTICE INCLUDING:
Personal & Business Income Tax Returns
Estate Tax Returns
Trusts & Estates Income Tax Returns
Electronic Filing (included)
Prior Years and Amended Returns
Comprehensive Review of Prior Tax Returns for New Clients (included)
Resolution of IRS Notices
Tax Planning
Estate Planning
ONE PENN PLAZA, 36TH FLOOR • NEW YORK, NY 10119
(646) 733-1900
INFORMATION FOR TAXPAYERS
Proudly serving Brooklyn, Manhattan, Queens, Bronx, Staten Island,
Westchester, Rockland, Nassau, Suffolk and New Jersey

Employers should implement the just-passed two-month extension of the employee-side payroll tax cut as soon as possible, the
IRS has instructed. The Temporary Payroll Tax Cut Continuation Act of 2011, approved by Congress on December 23 and
signed by President Obama the same day, extends the employee-side payroll tax cut through the end of February 2012. The
House and Senate have appointed conferees to negotiate an extension of the payroll tax cut through the end of 2012. Congress
did not, however, take any action on other expiring incentives, such as the tax extenders.

Anyone making over $110,100 will be capped out before March 1, 2012.  If the payroll tax cut is extended, lawmakers could
make it retroactive to January 1, 2012 so individuals do not cap out.

Implementation
The IRS instructed employers to implement the reduced employee-side OASDI payroll tax rate of 4.2 percent as soon as
possible in 2012 but no later than January 31, 2012. For any Social Security tax over-withheld during January 2012, employers
should make an offsetting adjustment in employees’ pay as soon as possible but no later than March 31, 2012, the IRS advised.
IRS Directs Quick Implementation Of Two-Month Payroll Tax Cut
P.L. 112-78, IR-2011-124, JCX-58-11