by mariettacp | May 25, 2011 | Accounting News, Money Tips, Tax Planning
Married joint return filers are jointly and severally liable for the tax arising from their returns. Innocent spouses may request relief from this liability in certain circumstances. An IRS regulation states that a request for equitable innocent spouse relief must be...
by mariettacp | Jan 12, 2011 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
You may be able to reduce your tax liability through smart debt management planning. Consider whether to defer cancellation of debt (COD) income from the reacquisition of an applicable debt instrument in 2010. The business can elect to have the cancelled COD income...
by mariettacp | Oct 26, 2009 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Complied financial statements are a powerful tool for effective tax planning. Provided on a quarterly basis, these account recordings allow us to provide 1) precise income tax liability calculations, 2) accurate long-term tax planning, and 3) priority handling of your...
