by Leif Jensen | Jan 8, 2012 | General |
The estate tax exemption for 2012 rises to $5,120,000, thanks to inflation, this is definitely a boon to small business owners. The tax rate stays at 35%. The annual gift tax exclusion remains at $13,000 per donee. The special estate tax valuation of real estate is...
by Leif Jensen | Jan 8, 2012 | General |
IR-2012-4, Jan. 6, 2012 WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time. The new tax gap estimate represents...
by Leif Jensen | Dec 31, 2011 | General |
I have to post this as an Urban Myth since I cannot find documentation to substantiate. But it is a potential fun fact and has lead to lively discussions with several copier technicians. Can you still copy US currency with a color copier? I know that this has been...
by Leif Jensen | Dec 26, 2011 | General |
With the holiday’s drawing ever closer, the time is coming for the ever popular New Year’s Resolutions! What do you have planned for 2012? Was 2011 everything you wanted, happy with your job, pay and bonus? Or is it finally time to find your passion and start that...
by Leif Jensen | Dec 19, 2011 | General |
I was recently asked to write a quick guest article for Michael Erickson PC’s Newsletter. Below is a copy of the article: It is that time of year again… Think about your Business and Marketing Plans Guest article by Leif Jensen Typically I suggest that a...
by Leif Jensen | Dec 19, 2011 | General |
Did you ever wonder what happens to those Powers of Attorney when your CPA retires, dies, closes their practice, fire you as a client or you fire them? If nothing is done the government keeps acting upon your initial request. If possible the practitioner should...
