Articles
2010 Tax Relief Act Alters Estate and Gift Taxes: New Portability Feature
Another change to the tax code enacted by the 2010 Tax Relief Act provides exemption portability. Under the new rules, any exemption that remains unused by a spouse who dies after Dec. 31, 2010 and before Jan. 1, 2013 is available for use by the surviving spouse in...
Printable Forms Available: Form 2848
Federal Tax Form 2848 is the Power of Attorney and Declaration of Representative form. If you have any questions about completing the needed information, contact us.
2010 Tax Relief Act Alters Estate and Gift Taxes: Reduced GST
The 2010 Tax Relief Act made some changes to the estate and gift tax. Prior to the new law, there was no estate tax, however some beneficiaries faced possible increases in their taxes due to unfavorable income tax rules. The prior law also allowed for a substantial...
2010 Tax Form 1040: Home-related tax savings
The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today's post addresses changes to the tax laws regarding home-related tax savings. New to 2010 is the personal casualty and theft loss limit...
Printable Forms Available: Form W-9
To assist our clients in their tax preparation needs, we have included some key tax forms on our website that can be printed. Federal form W-9, which is used to a federal tax i.d., is one of the forms available.
Tax Relief Act of 2010: Expired Business Tax Breaks Retroactively Reinstated and Extended
The Tax Relief Act of 2010 retroactively reinstated a plethora of business tax breaks that expired at the end of 2009 and extended them through 2011. These tax breaks include: the research credit; the new markets tax credit; employer wage credit for activated...
2010 Tax Form 1040: Deduction Limits Ended
The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today's post addresses changes to the tax laws regarding small business cell phones and luxury vehicles. Limits on personal exemptions and...
2010 Tax Relief Act Alters Estate and Gift Taxes: GST Tax Changes
The 2010 Tax Relief Act made many beneficial changes to the rules regarding estates and gifts. One such change regards the GST (generation-skipping transfer tax). The GST is an additional tax on gifts and bequests to grandchildren when their parents are still alive....
2010 Form 1040 Tax Breaks: Adoption Credit
The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today's post addresses changes to the tax laws regarding adoption credits. The maximum adoption credit is $13,170 per eligible child for both...
Printable Forms Available: Form 1099 Employer Prepared Worksheet
The 1099 Employer Prepared Worksheet will help you keep track of to whom you have issued a 1099. This worksheet is very helpful in maintaining accurate tax records. Please contact us with any questions.
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