by mariettacp | Feb 18, 2011 | Money Tips, Tax Planning, Tax Tips
The 2010 Tax Relief Act enacted many beneficial items in regard to estate and gift taxes. One in particular provides a tax saving choice. The Act allows estates of decedents who died in 2010 to choose between (1) estate tax (based on a $5 million exemption and 35%...
by mariettacp | Feb 16, 2011 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
The 2010 Form 1040 reflects a number of new tax breaks for small businesses. Today’s post addresses changes to the tax laws regarding small business expensing, depreciation, and general business credits. To help small businesses quickly recover the cost of...
by mariettacp | Feb 11, 2011 | Money Tips, Tax Planning, Tax Tips
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...
by mariettacp | Feb 9, 2011 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
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...
by mariettacp | Feb 4, 2011 | Money Tips, Tax Planning, Tax Tips
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...
by mariettacp | Feb 2, 2011 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
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...
