A Few Changes–2011

It has been an interesting year for income tax law changes.
–The “Making Work Pay Credit” which provided up to $800 additional credit for many working couple’s returns expired at the end of 2010.
–There is no longer a provision for excluding health insurance premiums from SE Tax calculation for self-employed individuals.
–Expenses for over-the-counter medicines previously eligible [...]

Year End Tips To Reduce 2011 Taxes

There is still time to plan to help reduce your 2011 income taxes.  The IRS has provided the following guidance.
Six Year-End Tips to Reduce 2011 Taxes

Tax Organizers – TY 2010

To help you organize your paperwork before our first appointment, I have organizers available in your LockBox.

Divorce Considerations-Update

Unfortunately, marriages do not always last.  A previous post noted several items which should be considered if you are in a pending divorce situation.  An article in the Journal of Accountancy lists several issues you should discuss with your attorney and accountant if you are going through divorce proceedings.  A couple which can be overlooked [...]

Summary of the most recent Tax Acts

Here are a couple of summaries (in different formats) of the most recent Tax Acts. These should help you gather information for 2010 returns and plan for tax year 2011.
Client Alert 1 Tax Relief Act
Tax Relief Act-Client Quick Guide 1
Tax Relief Act-Client Quick Guide 2