Last year I spent a lot of time writing about how the US Congress had done nothing with respect to resolving tax issues. Why is it important for Congress to pass tax law? It is very hard to do tax planning before the end of the year, when you do not know [...] Read more »
Small Business Jobs Act-Misnomer?
Congress finally did something, only it wasn’t all of what we all have been waiting on. There still is no estate tax fix, no AMT patch, no reinstatement of Bush tax cuts, no decision on capital gains taxes and other tax breaks such as teacher’s supplies, college tuition etc. Look for these issues to [...] Read more »
Individuals — Start Thinking About 2010 Taxes Now
Did you get a huge tax refund this year? Most people feel pretty good about that until they realize they gave the government an interest free loan of all that money they just got back. If you received several thousand dollars back from the IRS this year, you may want to consider [...] Read more »