IRS-Overhauls tax lien system

http://www.accountingtoday.com/news/IRS-Overhauls-Tax-Lien-System-57397-1.html?ET=webcpa:e1311:130315a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_022411

Pay less tax!! What’s New with IRS for 2010 filing season?

Divorced or separated parents. A custodial parent who has revoked his or her previous release of a claim to a child’s exemption must include a copy of the revocation with his or her return.

ABA Tax provides tax services to both businesses and individuals in ALL 50 states. Our goal is to help you minimize your tax liability with proactive planning and accurate reporting. Please give us a call toll free 866-936-0430 or an email if you have any questions or would like to make an appointment.

Pay less tax!! What’s New with IRS for 2010 filing season?

Personal casualty and theft loss limit. Each personal casualty or theft loss is limited to the excess of the loss over $100 (instead of the $500 limit that applied for 2009). In addition, the 10%-of-AGI limit generally continues to apply to the net loss.
ABA Tax provides tax services to both businesses and individuals in ALL 50 states. Our goal is to help you minimize your tax liability with proactive planning and accurate reporting. Please give us a call toll free 866-936-0430 or an email if you have any questions or would like to make an appointment.

Pay less tax!! What’s New with IRS for 2010 filing season?

Corrosive drywall. You may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. The deduction is limited if you have a pending claim for reimbursement (or intend to pursue reimbursement) through property insurance, litigation, or other means.

ABA Tax provides tax services to both businesses and individuals in ALL 50 states. Our goal is to help you minimize your tax liability with proactive planning and accurate reporting. Please give us a call toll free 866-936-0430 or an email if you have any questions or would like to make an appointment.

Senate Passes 1099 Repeal Amendment

Senate Passes 1099 Repeal Amendment.

Published in: on February 3, 2011 at 2:45 pm  Leave a Comment  

Feds accuse tax preparer of filing bogus returns – Bakersfield.com

Feds accuse tax preparer of filing bogus returns – Bakersfield.com.

Published in: on February 2, 2011 at 3:16 pm  Leave a Comment  

Boomers Look Ahead to Active Retirement

Boomers Look Ahead to Active Retirement.

State Tax Revenues Rebound

State Tax Revenues Rebound.

Published in: on February 2, 2011 at 2:49 pm  Leave a Comment  
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