Child-Related Tax Changes
Adoption Benefits Increased For 2009, the maximum adoption credit has increased to $12,150. Also, the maximum exclusion from income for benefits under your employer’s adoption… Read More »Child-Related Tax Changes
Adoption Benefits Increased For 2009, the maximum adoption credit has increased to $12,150. Also, the maximum exclusion from income for benefits under your employer’s adoption… Read More »Child-Related Tax Changes
Any economic recovery payment you receive during 2009 is not taxable. These $250 payments are being made to most people who: Receive social security benefits,… Read More »Economic Recovery Payment
The following changes to the AMT went into effect for 2009: AMT exemption amount increased. The AMT exemption amount has increased to $46,700 ($70,950 if… Read More »Alternative Minimum Tax (AMT) – 2009 Changes
If you pay your income tax (including estimated tax payments) by credit or debit card, you can deduct the convenience fee you are charged by… Read More »Deduction for Credit or Debit Card Convenience Fees
What You Must Know Before You File an Offer in Compromise Do You Qualify for an Offer in Compromise? How to File an Offer in… Read More »What is an Offer in Compromise?
In 2009, you can deduct the state or local sales and excise taxes imposed on the purchase of a qualified motor vehicle after February 16,… Read More »Deduction for Sales and Excise Taxes Imposed on Purchase of New Motor Vehicles
Fringe Benefits – Manufacturing Tax Tips What is a fringe benefit and how does it affect my taxes? Inventory – Manufacturing Tax Tips How do… Read More »Manufacturing Tax Tips
With 2009 nearly half over, the Internal Revenue Service reminds individual taxpayers there is no better time to check their 2009 federal income tax withholding… Read More »Check Withholding to Avoid a Tax Surprise
The following sections contain general information about partnerships. Organizations Classified as Partnerships An unincorporated organization with two or more members is generally classified as a… Read More »Forming a Partnership
Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony,… Read More »Estimated Taxes