Category Archives: Income Tax

Payments for Long Term Care of Patient with Demential Are Deductible

Posted on July 15, 2011 by Cliff

Many of us face the challenge of caring for an elderly parent or sibling.  This challenge is particularly hard when the loved one is suffering from dementia.  Patients need round the clock care that is often provided by caregivers who … Continue reading →

Posted in Deductions, Income Tax | Leave a comment

1099 Reporting for 2011 – Action Plans For Business

Posted on February 3, 2011 by Cliff

Multiple attempts to repeal 1099 information return requirements, which were included in the 2010 Patient Protection and Affordable Care Act (Health Care Act) and the Small Business Jobs Act (Jobs Act), have failed but more attempts are still circulating. On … Continue reading →

Posted in Business, Income Tax | Tagged , , | 1 Comment

Did Georgia Cause You an Overdraft?

Posted on January 28, 2011 by Cliff

On January 20, 2011, the Georgia Department of Revenue (“Department”) issued 2010 Georgia income tax refunds by direct deposit. The Department became aware of a computer system error in the calculation of refunds which led the Department to rescind all … Continue reading →

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Ten Tax Benefits for Parents

Posted on January 26, 2011 by Cliff

Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents In most cases, a child can be … Continue reading →

Posted in Credits, Deductions, Income Tax, Planning | 1 Comment

Top 10 Tax Tips

Posted on January 3, 2011 by Cliff

It’s that time of the year again, the income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing … Continue reading →

Posted in Income Tax | 2 Comments

Year End Donation Planning

Posted on December 16, 2010 by Cliff

With the end of the year approaching, a lot of us are making year end contributions to our houses of worship and other deductible charities.  By advancing 2011 planned giving into 2010, you can impact the your tax bill.  Here … Continue reading →

Posted in Deductions, Income Tax | 1 Comment

Full Employment Act for Accountants

Posted on December 2, 2010 by Cliff

Whether you love Health Care Reform or hate ObamaCare, the bill contained a provision that will have a substantial impact on small businesses and startups.  With little discussion the authors slipped in two significant changes to how 1099s have been used historically. First, … Continue reading →

Posted in Business, Entrepreneurship, Income Tax | Comments Off

The New Reality

Posted on October 25, 2010 by Cliff

With distress in the economy and retirement funds depleted it is worthwhile to look at this Frontline documentary from 2006.  We can’t say we were not warned.

Posted in Life, Planning, Uncategorized | Comments Off

Eight Things to Know If You Receive an IRS Notice

Posted on October 13, 2010 by Admin2

Did you receive a notice from the IRS this year? Every year the IRS sends millions of letters and notices to taxpayers but that doesn’t mean you need to worry. Here are eight things you should know about IRS notices – … Continue reading →

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Does the IRS Owe You Money?

Posted on October 6, 2010 by Admin2

The Internal Revenue Service may have money for you. Was your income below the limit that requires you to file a tax return? If so, you may still be due a refund. If you have not filed a prior year … Continue reading →

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