Reasons for S corp switch
Changing from a C corporation setup to the S corporation setup can be beneficial, but there are numerous factors to consider. With the March 15,… Read More »Reasons for S corp switch
Changing from a C corporation setup to the S corporation setup can be beneficial, but there are numerous factors to consider. With the March 15,… Read More »Reasons for S corp switch
Is Appeals right for you? The Appeals mission is to settle tax disagreements without having to go to Court and a formal trial. Appeals is… Read More »Appeals… Resolving Tax Disputes
The Alternative Fuel Motor Vehicle Credit was enacted by the Energy Policy Act of 2005 and includes separate credits for four distinct categories of vehicles:… Read More »Alternative Motor Vehicle Credit
There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business.… Read More »Closing a Business
The hugely popular cash-for-clunkers program ended Aug. 25, 2009. This new program enabled vehicle owners to realize a tax-free discount of up to $4,500 on… Read More »Tax angles on donated ‘clunkers’
Suppose you converted your IRA to a Roth IRA just before the bottom fell out of the stock market last year. Because the tax liability… Read More »Can you reconvert an IRA?
Time is running out on a unique tax break for older taxpayers with charitable intentions. If you donate funds directly from your IRA to a… Read More »Donate IRA funds to charity
The significant new health care legislation imposes a unique “payroll tax” on investment income. At least the new tax doesn’t kick in until 2013 providing… Read More »Medicare Tax: Start Planning Ahead
An important new Tax Court case could provide valuable tax savings for owners of limited liability corporations (LLCs) and partners in limited liability partnerships (LLPs).… Read More »New tax breakthrough for LLCs
The so-called “manufacturing deduction” isn’t just limited to companies that manufacture products in the traditional sense of the word. It’s available to a wider range… Read More »Produce big manufacturing deductions
The Tax and Accounting office of Certified Public Accountant can assist you in choosing the right legal form for your business. Choosing the proper business… Read More »Built-in Gains Tax
The new health insurance legislation imposes significant new tax reporting requirements. In essence, you will have to report most annual payments for goods and services… Read More »Plan Ahead: New 1099 rules