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Archive for 2013
December 13, 2013
Tax Preparation Tips – Donations

Do you have piles of old clothing, or a garage full of items that you have been meaning to get rid of? Now may be the time to donate them to charity.  Donations made prior to the end of the year can still be claimed on your 2013[…]

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December 2, 2013
Tax Tips – Additional Medicare Tax

Tax preparation season is almost upon us and to assist in planning we will be posting a series of tips over the next few weeks.  As always if you have a question or would like to schedule your tax preparation appointment please contact us. Additional Medicare Tax Additional Medicare[…]

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September 1, 2013
Looking for a big deduction for your business?

Looking for a big tax deduction for your business?   If you purchase a new heavy SUV (loaded gross vehicle weight over 6,000 pounds) in 2013, you can get a large depreciation deduction.  As an example, say that your company buys an qualified SUV (must be new) for[…]

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June 27, 2013
I owe the IRS, what do I do?

So you owe the IRS, now what? April 15th has come and gone, but unfortunately for some people the issues with the IRS are just beginning.  If after filing your tax return you find yourself owing the IRS money it is time to look at your options. Before[…]

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June 2, 2013
Arizona transaction privilege rate changes

Arizona TPT rate changes effective June 1st, 2013 Businesses in Arizona that are required to collect Transaction Privilege Tax (TPT) need to remember to change their tax rates effective June 1st.  The expiration of the temporary tax from 2010 will reduce the Maricopa County tax rate from 7.3%[…]

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April 10, 2013
IRS Late Filing Penalties

As the April 15th deadline approaches, we felt it would be a good time to discuss the IRS penalties for late filing and what one can do to avoid them. The penalties being discussed are all regarding individual tax returns. We will write a post at a later[…]

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March 27, 2013
2009 Refund Deadline Approaching

Nothing special, but figured I’d get something out there.  Let me know what you think… Again not my best work but I just want to get something new up on the page   April 15th signifies more than the deadline to file individual tax returns for 2012.  It[…]

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February 12, 2013
Finally time to file taxes with education and depreciation

The Internal Revenue Service announced that it would begin accepting tax forms containing depreciation on Sunday, February 10, and forms covering education credits on Thursday, February 14. These forms are Form 4562 – Depreciation and Amortization and Form 8863 – Education Credits. With the acceptance of these forms,[…]

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January 30, 2013
IRS Accepting Individual Tax Returns Beginning Today (for most)

The tax law changes under the American Taxpayer Relief Act (ATRA) caused a delay in filing for 2012 individual income tax returns.  However, according to the IRS, the vast majority of filers should be able to start filing today (January 30, 2013).  The IRS will be able to[…]

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January 22, 2013
Your income tax rate may be higher than you think!

Your 2013 income tax marginal rate may be higher than you think. Married filers with incomes over $300,000 and singles with incomes over $250,000 will want to read on. The individual income tax rate does not jump to 39.6% until married filers reach over $450,000 of taxable income[…]

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