Monthly Archives: December 2011

Deductible Medical Expenses

After 2012, the limitation on deductible medical expenses increases for most taxpayers from the current 7.5% of AGI to 10% (it remains at 7.5% for taxpayers age 65 and over through 2016).  So if you need some dental work, laser

Posted in Client Education

Tax Benefits for Disabled Taxpayers

Taxpayers with disabilities and parents of children with disabilities may qualify for a number of IRS tax credits and benefits.  Listed below are several benefits which are available if you or someone else listed on your federal tax return is

Posted in Client Education

Game Show Winners & Taxes

If you like to watch game shows and enjoy all the excitement that goes with watching contestants win prizes, then you can add another element to your viewing pleasure by considering how the contestants will handle the IRS Form 1099

Posted in Client Education

Independent Contrator or Employee?

If you are a small business owner, whether you hire people as independent contractors or as employees will impact the amount of taxes you withhold from their paychecks, as well as how much and what types of taxes you pay.

Posted in Client Education

Maximize Your Charitable Deductions

As the end of the year approaches, there are still things you can do to increase and properly document your charitable contributions for 2011.  Here is a brief rundown:

Posted in Client Education

Small Business Tax Breaks

The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011 return, while others will provide planning opportunities for 2012.

Posted in Client Education