Phoenix CPA | Tax Extenders Passed Finally! Congress waited until the last possible minute, but finally passed the long awaited tax extenders bill which President Obama finally signed on Friday. Known officially as The Tax Increase Prevention Act, this bill...
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 | Year End Tax Planning Now that we have gotten through Thanksgiving and December has arrived, it is time to being serious tax planning for yourself or your business. Before you make any kind of tax planning decisions, you need to figure out...
