Phoenix CPA | Charitable Contributions The IRS recently issued a news release reminding taxpayers of the rules regarding the tax laws and documentation requirements for charitable contributions. For monetary (cash, check or credit card) donations, the rules are pretty...
Phoenix Business Accountant | Obamacare Tax Problems With its implementation, the Affordable Care Act brought with it tons of potential related income tax issues for CPAs and individuals who file their own income tax returns. Employer Shared Responsibility Effective...
Phoenix CPA|Wash Sale Rule As we approach the end of the income tax year, investors might be thinking about tax-loss harvesting, which can be a great way to offset capital gains taxpayers may have had during the year on more successful investments. One thing taxpayers...
Phoenix Accounting Firm | Tax Extenders Bill Congress is finally looking like they are going to address the many tax cuts and credits that expired at the end of 2013. The bill known as HR 5771, or the tax extenders bill, has already passed the house and is just...
Phoenix CPA|Year End Tax Planning Well it’s almost the end of 2014 and Congress has yet to act on a host of tax breaks that expired at the end of 2013, which is making tax planning especially difficult for most taxpayers and their tax professionals. Since some...
