by mariettacp | May 18, 2011 | Money Tips, Tax Planning, Tax Tips
There is a new deadline for electing modified carryover basis rules. Estates of decedents dying in 2010 can choose zero estate tax, but at the price of beneficiaries being limited to the decedents’ basis plus certain increases. The IRS has announced that Form...
by mariettacp | May 16, 2011 | Money Tips, Tax Planning, Tax Tips
The IRS has announced new guidelines on the 2010 Tax Relief Act’s 100% depreciation allowance in regard to qualifying new property. This property must have been acquired after September 8, 2010 and before January 1, 2012. The new rules allow: 1) A 100% bonus...
by mariettacp | May 14, 2011 | Money Tips, Tax Planning, Tax Preparation
Tax laws are constantly being revised. As part of our service to our clients, we have summarized the most recent changes for your information. Today, we are discussing real estate reporting. For all payments made after December 31, 2010, individuals receiving rental...
by mariettacp | May 11, 2011 | Money Tips, Tax Planning, Tax Tips
Health insurance benefits are on the minds of all Americans, business owners and employees. Changes in the tax law make it easier then ever for business owners to take advantage of tax benefits as they offer insurance to their employees, and try to get coverage for...
by mariettacp | May 6, 2011 | Money Tips, Tax Planning, Tax Tips
I know it seems like we just finished working on your 2010 taxes, but now is a good time to start your 2011 tax planning. Changes in the law will effect how small business owners can take advantage of their Roth IRA: (1) Roth IRA rollovers no longer restricted. You...
by mariettacp | May 4, 2011 | Money Tips, Tax Planning, Tax Preparation
The tax laws have seen a lot of changes over the past few years. To keep you up-to-date, we have summarized some the changes to for businesses and investors. Today we addressing EFTs. Beginning Jan. 1, 2011, employers must use electronic funds transfer (EFT) to make...
