by Leif Jensen | May 12, 2010 | General |
The provision to deduct state and local sales tax by those whom itemize ended December 31, 2009. The provision ended but congress could extend if they choose to.
by Leif Jensen | May 12, 2010 | General |
For those whom utilize free or purchased tax software to prepare your tax returns (such as Turbotax). You are personally responsible for any input errors or mistakes made while using the product. I as a licensed CPA recommend that you hire a trained professional (my...
by Leif Jensen | May 12, 2010 | General |
Taxpayers whom itemized will nor longer be able to deduct the sales tax paid on the purchase of an auto. This deduction has expired.
by Leif Jensen | May 12, 2010 | General |
The making work pay credit is apparently on again for 2010. We all so much fun with the first go around. I know that $800 I received changed my life for the better in 2009… For those whom don’t remember Making Work Pay was a adjustment for individuals and their...
by Leif Jensen | May 12, 2010 | General |
For those who have collected unemployment benefits for 2009 enjoyed an exclusion of the first $2,400 of the benefits they received for tax calculation purposes. Those who are collecting in 2010 will have to include all unemployment benefits in taxable...
by Leif Jensen | May 12, 2010 | General |
When George Bush pushed through his tax cuts he eliminated the Estate Tax for 2010 and 2010 alone. No one ever thought it would happen but here it is. This would usually be cause for celebration. Unfortunately there is no step up in basis for the people who inherit...
