The Internal Revenue Service announced on February 8, 2011, a new voluntary disclosure initiative to encourage individuals with undisclosed income from hidden offshore accounts to get current with their federal tax obligations....
The mortgage interest deduction has become one of the most popular itemized deductions on personal income tax returns. As home prices and home mortgage loans have dramatically increased, many people mistakenly believe that all home mortgage interest is deductible....
If you own your home, but are getting ready to sell, there are some tax exclusions you may need to be aware of....
The results of a recent survey show that small businesses are poised for progress....
Operating Reserves can be quite complex. The words “operating reserves” can mean many things to many different people, and the first thing that must be done is establishing the definition and the expectations of the stakeholders....
If you are an owner of rental property, you may need to know about some changes that will be part of 2011 filing requirements. ...
Did you have Federal taxes withheld from your pension and wages for this tax year and wish to get a refund back? Are you entitled to the Earned Income Tax Credit or did you receive Advance Earned Income Credit for this tax year?...
President Obama on December 17 signed legislation extending all 2001 and 2003 tax cuts for two years following months of contentious debate with Congress over whether to make the Bush-era tax breaks permanent. ...
There are credits that are available for both businesses and individuals who operate or participate in a retirement plan. Small businesses can receive a credit of up to $500 a year for the first three years for starting a new pension plan, and individuals...
The 2010 Small Business Jobs Act (SBJA) was recently enacted and includes a wide range of incentives and tax benefits for small businesses...
