What To Expect

What To Expect

Big tax changes are on the horizon, do you know what to expect? Whether our new president is Republican or Democratic, there WILL be changes, and your tax liability WILL increase for the 2012 tax year. But, how much?
Tax Forecasting
We try to keep our blog articles informative, not too & [...]

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Having Trouble Paying Taxes?

Having Trouble Paying Taxes?

Are you one of the thousands of people who got hit with an unexpectedly high tax bill this year? Hey, it happens. Our federal tax code is very complicated, and it’s easy to overlook something that can cost you a ton of money in tax liability. And, of course, the IRS expects you to have money s [...]

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Did you Overpay your Taxes?

Did you Overpay your Taxes?


Think you might have paid too much with your 2012 Federal Income Tax Return? Fear not, Uncle Sam has you covered! The IRS has procedures in place that make it easy for you to correct any errors you may have made on your tax return… even if it wasn’t really an error, but you just c [...]

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Will YOU Get Audited in 2012?

Will YOU Get Audited in 2012?

The probability of being selected by the IRS for a federal income tax audit this year is going up. Overall audit rates for 2010 were 7.4%. This meant 7 out of 100 tax returns were picked for audit. At the recommendation of the Treasury Department the IRS is updating their relationship databases in M [...]

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Top 5 Most Missed Tax Deductions

Top 5 Most Missed Tax Deductions

Give yourself the gift of money!
April 18 is right around the corner. Make sure you’re not missing out on any of these top 5 most often missed tax deductions!
Moving Expenses:
This is one of the most missed deductions of all.  If you move for work purposes 50 miles farther from [...]

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To Lease or to Buy, That is the Tax Question

To Lease or to Buy, That is the Tax Question

Lease? Buy? Which one will reduce your tax liablity?
If you own your business, no doubt you use your car to help you make your business go, right? Auto deductions can be a little confusing especially when you are trying to decide if leasing a car or buying it outright is the better way to go f [...]

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Estate and Gift Tax Provisions under the Tax Relief, Unemployment Insurance Reauthorization, and Job creation Act of 2010

Estate and Gift Tax Provisions under the Tax Relief, Unemployment Insurance Reauthorization, and Job creation Act of 2010

Juicy estate tax provisions for 2011-2012
In addition to extending federal unemployment benefits, extending the Bush tax cuts and several popular tax credits, patching the alternative minimum tax again, and giving employees a 2% reduction in social security tax, the bill also included several [...]

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What you should know about the Alternative Minimum Tax

What you should know about the Alternative Minimum Tax

 
What's the AMT Mean to You?
Alternative Minimum Tax (AMT)has been a big topic over the past several years.  AMT’s thresholds have stayed the same over the years and have now crept from being a tax on the wealthiest of individuals to a tax that could possibly affect more of [...]

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IRS News: Some Taxpayers Will Have to Wait to File Their Taxes

IRS News: Some Taxpayers Will Have to Wait to File Their Taxes

IRS Notice
As a result of the December 17, 2010 tax law changes, the Internal Revenue Service announced on December 23, 2010 that the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late February [...]

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