Archive for the ‘ Tax Tips ’ Category

First-Time Homebuyer Credit – 2009 – Extended and Enhanced

First-time homebuyer credit is a huge benefit in 2009 compared to the credit for No related posts. Related posts brought to you by Yet Another Related Posts Plugin.[ READ MORE ]

To Incorporate or not to incorporate?: that is the question.

Choosing the correct business form can be a difficult task. As a CPA, I see new businesses every year.  Some could be operated more efficiently in a different business form.  This Blog will go through some of the characteristics of the various business forms and help to identify the best form for your business No related posts. Related posts brought to you by Yet Another Related Posts Plugin.[ READ MORE ]

2009 Preliminary Year End Tax Planning – Businesses

If you are like most businesses, your year end is December.  That gives you a month to plan for the year end taxes. Here is a summary check list of areas to address for begin the year-end planning process: Is business up or down compared to last year? How are the margins this year compared No related posts. Related posts brought to you by Yet Another Related Posts Plugin.[ READ MORE ]

Fake IRS Notice – “Unreported/Underreported Income”

Please take note of this:  I have been getting these for almost a month, and normally a couple of times a day.  The sender is Internal Revenue Service.  The e-mail is titled, “Notice of Underreported Income”. This is the body of the e-mail No related posts. Related posts brought to you by Yet Another Related Posts Plugin.[ READ MORE ]

If I have off-shore money, can the IRS take all of my money?

August 28, 2009 – If I have off-shore money, can the IRS take all of my money? This is a hot topic right now.  The IRS has for years had rules for reporting income from all sources, world wide.  There is a treasury form which is to be filed annually by June 30th for prior No related posts. Related posts brought to you by Yet Another Related Posts Plugin.[ READ MORE ]