Tag Archives: All Taxpayers

Don’t Forget Those Nominee 1099s

For tax purposes, if you receive income in your name that actually belongs to someone else, you are also a nominee. Being a nominee means that you must file a 1099 form with the IRS appropriate to the type of … Continue reading

Posted in All Taxpayers, Have you ever asked | Tagged , , | Leave a comment

Client Letter (ATRA 2012) for Moderate-Income Individuals

In the waning hours of January 1, Congress passed the American Taxpayer Relief Act (ATRA) of 2012 as part of an effort to resolve the fiscal cliff dilemma. President Obama signed the Act into law on January 2. As a … Continue reading

Posted in All Taxpayers, Ever wonder, IRS Tips | Tagged , , , | Leave a comment

Do I have to file, what status do I file as…

I get this question all the time…..Your requirement to file a return usually depends on 3 things: Your filing status Your gross income Your age Filing Status There are 5 filing statuses: Single Married filing jointly Married filing separately Qualifying … Continue reading

Advertisement

Posted in All Service Providers, All Taxpayers, Have you ever asked, IRS Tips | Tagged , , , , | Leave a comment

Is your business getting paid on time?

Small businesses regularly fail. In fact, fewer than 50% are still operating within five years of opening their doors. Why is the failure rate so high? Often it’s because management hasn’t established and implemented a strong collection policy. Deadbeat customers … Continue reading

Posted in All Service Providers, All Taxpayers, Business Deductions, Daycare Providers | Tagged , , , , , , | Leave a comment

Thinking about donating your car? Its not always what you think!

Rather than go through the hassle of selling an old car, you may get a tax deduction for donating the vehicle to a charity. An increasing number of charities have turned to car-donation programs. You may have seen ads from … Continue reading

Posted in All Service Providers, All Taxpayers, Business Deductions, Ever wonder, Gift, Have you ever asked, IRS Tips | Tagged , , , , , , , | 1 Comment

Are you thinking about starting a business??

In this economy many people are realizing the benefits of being your own boss.  I can attest to the fact that owning your own business is awesome, no worries of getting laid off, the flexibility to get your work done … Continue reading

Posted in Business Deductions, Ever wonder, IRS Tips, Realtors, Record Keeping | Tagged , , , , , , , , , , , | Leave a comment

Have you asked yourself…What if I file for bankruptcy protection?

In these tough economic times, more and more people are struggling to get by.  Do you know how filing for bankruptcy relates to your taxes? Please give me a call before you file.   We might be able to analyze your … Continue reading

Posted in All Service Providers, All Taxpayers, Bankruptcy, Daycare Providers, Ever wonder, Have you ever asked, IRS Tips, Realtors | Tagged , , , , , , , , , , , , | Leave a comment

Gifts to clients…..Not fully deductible????

As a Realtor you may find yourself giving gifts to clients and customers in the course of your business, particularly after a closing. What you may not know is that you can deduct only part of the cost of certain … Continue reading

Posted in All Service Providers, All Taxpayers, Business Deductions, Gift, IRS Tips, Realtors | Tagged , , , , , , , , , , | Leave a comment