by Leif Jensen | Mar 31, 2012 | General |
Whenever I meet with clients that want to start up a business together I suggest when they are forming the partnership/operations/organization agreement that they plan the divorce along with the marriage. I always then get that look. You know the one that I am...
by Leif Jensen | Mar 31, 2012 | General |
This tax season is definitely different then those in the recent past. Everyone seems content with their financial advisors, insurance agents, bankers, attorneys and thankfully their CPA. What they are no happy with is their property taxes. There is a lot of anger...
by Leif Jensen | Mar 31, 2012 | General |
The recent reductions in the IRS’ budget are negatively impacting taxpayer service. All are experiencing longer wait times to talk to a live person on the phone, processing delays with correspondence and more time standing in line at Taxpayer Assistance Centers. Also...
by Leif Jensen | Mar 31, 2012 | General |
In the past I have seen this from time to time. But, this year I seem to be seeing a few more employees with W-2’S that also received 1099’s from their employers. I know that the statisticians have been saying that this is where businesses are moving to and that last...
by Leif Jensen | Mar 31, 2012 | General |
The last couple of years I seem to be taking on clients that are a it behind in the filing of their tax returns. This is not a real problem for me, I prepare the returns for them to file. You cannot electronically file old returns. But something new has happened in...
by Leif Jensen | Mar 17, 2012 | General |
The IRS has changed the auto depreciation for autos that are put into service during 2012. There is a $100 increase from 2011, the 2012 first-year ceiling is $11,160 for new cars and $3,160 for used cars. The second- and third-year caps are $5,100 and $3,050. After...
