2011 Year-End Tax Planning (Individuals)
Our tax system for the most part remains firmly based upon the
calendar year. At year end, a snapshot of your income, deductions
and credits is taken. Based on that data, your tax liability for
the ye...
2011 Year-End Tax Planning (Businesses)
Business taxpayers, like all taxpayers this year, are confronted
with uncertainty in year-end tax planning as 2011 ends. A
number of business tax i...
Tax Savings Through Cost Segregation
Most owners of residential rental property depreciate the entire
cost of their building over 27.5 years. Owners of other types of
buildings, such as offices, retail space, grocery stores,
restaurants...
Early planning can make 2012 filing season easier
The new year brings a new tax filing season. Mid-April may seem
like a long time away in January but it is important to start
preparing now for filing your 2011 federal income tax return.
The IR...
Looking back: Top 10 federal tax developments of 2011
Looking back over 2011, the IRS, Congress and the courts made many
tax decisions impacting taxpayers of all types. Some tax
developments were taxpayer-friendly; others imposed new
requirements on taxp...
How do I...Claim a charitable contribution of property?
Claiming a charitable deduction for a cash contribution is
straightforward. The taxpayer claims the amount paid, whether by
cash, check, credit card or some other method, if the proper
records are mai...
January 2012 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
2011 year-end tax planning for individuals in a changing landscape
2011 year end tax planning for individuals lacks some of the drama
of recent years but can be no less rewarding. Last year,
individual taxpayers were facing looming tax increases as the
calendar...
FAQ: What is a tax return transcript?
Taxpayers can request a copy of their federal income tax return and
all attachments from the IRS. In lieu of a copy of your
return (and to save the fee that the IRS charges for a copy of your
ta...
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