Articles
2010 Tax Relief Act Alters Estate and Gift Taxes: Gift Tax Changes
The 2010 Tax Relief Act made many beneficial changes to the estate and gift tax rules. One new rule make a particularly significant change to the gift tax. Years ago, the gift tax and the estate tax were unified, meaning they shared a single exemption and were...
2010 Form 1040 Tax Breaks: Health Ins. Credits
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 health insurance for small and self-employers. There's a new tax credit for an eligible...
Printable Forms Available: Rental Properties – Income and Expense Worksheet
The Income and Expense Worksheet for landlords is one of many tax forms and worksheets we have place on our website for the convenience of our clients.
2010 Tax Preparation – Individual Savings
As we work with small business owners, we evaluate both the personal and business taxes. In 2011, there are some important changes to the tax law which can create real tax savings for individuals, including: Limits on personal exemptions and itemized deductions...
Proposed 2011 Tax Rates
On December 6, the Obama Administration and the Republicans arrived at an agreement which included, a 2-year extension of the Bush-era tax cuts for all taxpayers. Based on inflation data, RIA has calculated the tax rate schedules for individuals that would apply for...
2010 Form 1040 Tax Breaks: Roth IRAs
The 2010 Form 1040 reflects a number of new tax breaks. Some are straightforward. Others are complex. Some present choices. But they all provide an opportunity to save money. We want you to be aware of the new tax breaks for this filing season so that you can take...
Printable Forms Available: Day Care Income and Expense Worksheet
To make tax preparation a little easier for our clients, we have placed some popular forms on our website. Our clients who are daycare providers will find the Day Care Income and Expense Worksheet invaluable for recording their business expenses for the year.
Tax Relief Act of 2010: Incentives for Businesses to Invest in Machinery and Equipment
The Tax Relief Act contains a trove of tax breaks for businesses. The bill OKs the following major new incentives for businesses to invest in machinery and equipment: 1. A 100% bonus first-year depreciation allowance for property acquired and placed in service after...
Tax Relief Act of 2010: Estate Tax Relief Through 2012
On December 9, Senate Majority Leader Harry Reid (D-NV) introduced H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Tax Relief Act). The Tax Relief Act contains a two-year extension of the Bush-era tax cuts that was...
Printable Forms Available: Individual 1040 Worksheet
As a service to our clients, we have placed some highly used tax forms on our website. The 1040 worksheet will help you organize your financial information needed to accurately complete your Federal 1040.
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