Taxes

Congressional Democrats and Republicans Talk Taxes
The Democrats are pointing at the Republicans, and they are pointing back. Both sides of Congress took their turns portraying the other party of wanting to boost taxes for middle class American taxpayers. Read more →
Convert to Roth IRA Regardless of Income ? 2010
An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone. Read more →
Corporations Failing To Claim AMT Exemption Overpay Taxes By $11,000
Does your incorporated business pay alternative minimum tax [?AMT]? If so, there is a 93% chance you have been overpaying your taxes by an average of $11,000 a year according to the Treasury Inspector General. Read more →
Correspondence From The IRS - Yikes!
It?s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It?s not a refund check. What do you do?Don?t PanicEach year, the IRS sends out millions of ? Read more →
Cost Segregation Gives Apartment Owners Tax Relief
Apartment owners can face staggering expenses to maintain apartment communities. The upkeep of even a modest community could involve groundskeeping, unit renovation, and replacements, such as parking lot asphalt and fencing. Read more →
Cost Segregation Isn't My CPA Already Doing This?
Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes. Read more →
Cost To File Offer In Compromise
The costs to file an offer in compromise include an application fee of $150. In case the taxpayer has a monthly income below the federal poverty level, payment of the application fee is exempted. Read more →
Cyprus Buying Investment Property - How to handle CGT
The Capital Gains Tax rate in Cyprus is 20% of the chargeable gain as adjusted for inflation, but certain lifetime exemptions apply to individuals for the disposal of their main residence. Read more →
Daycare Tax Deduction - How Do I Start?
So how do you get started claiming a daycare tax deduction? You have your own children to take care of, but for some reason you've decided to help other parent's out and take care of theirs too. Read more →
Deadlines Approaching For Filing 1099s For Independent Contractors
While the middle of January may seem a bit early to begin thinking about taxes, 1099-MISC filing deadlines are looming for businesses. Generally speaking, IRS 1099-MISC is the form used to report miscellaneous income that you paid to persons during 2004 in the course of your trade or business. Read more →

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