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 CPA | Small Business Health Care Premium Tax Credit The news has been flooded with information on the Affordable Care Act lately, but little has been mentioned regarding the Small Business Health Care Premium tax credit. For tax year 2015, the maximum credit...
