Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
EMPLOYERS – ARE YOU STUCK WITH “OBAMACARE” Obamacare is a disaster for employers that have low wage employees. Frankly, many companies will need to change how they conduct business in order to stay competitive. Number of Employees Does your business have emough...
You cannot claim your child as a dependent if: You are being claimed as a dependent by someone Your child is married and filing a joint tax return (unless he/she is filing just to claim a refund of withheld tax and isn’t taking a personal exemption) Your child is not...
Bonus Depreciation The Tax Bill signed December 17, 2010 provides 100% First Year Bonus Depreciation created for qualified improvements made after September 8 2010 and before January 1, 2012. Bonus depreciation reverts back to 50 Percent for qualified 2012...
Code Sec. 179 Expensing Limits Internal Revenue Code Sect. 179 expensing limits were raised to $125,000 with a $500,000 investment limit for 2012. The 2010 Small Business Jobs Act, which was signed in September, raised the expensing limits to $500,000 with a $2...
States Attack Business! In order to collect more money to pay for their profligate spending many states are hiring collectors and placing judgments against taxpayers who owe taxes. Many states are trying to declare businesses as being resident of their state...
