Tax Tips: Beware of tax traps
Our tax code is extremely complex with rules and regulations that can often catch a taxpayer by surprise. There is nothing sadder than informing...
American Tax Relief Act, part 2
After finishing my first article on the American Tax Relief Act of 2012 (see the Jan. 10 issue of the Town Crier) I realized...
Tax Tips: Do you need a tax preparer?
Editor’s note: “Tax tips” returns and will appear bi-weekly throughout tax season. Stephen T. Peppler, E.A., C.F.P., has graciously agreed to provide the...
Tax Tips: A kinder, friendlier IRS and FTB?
I think it was back when George H.W. Bush was president that there was an effort to create a kinder, friendlier Internal Revenue Service...
Tax Tips: New American Taxpayer Relief Act
After months of wrangling, Congress passed the American Taxpayer Relief Act of 2012 on Jan. 1, 2013, ending months of “Y2K” style handwringing by...
Tax Tips: People get ready, tax season’s a comin’ …
About this time of year, we begin to collect all the information we will need to properly file our income tax returns. Since it’s...
Tax Tips: Capital gains and losses
Capital gains and losses are areas that offer great tax planning opportunities, since in many situations, you control when the gains and losses will...
Tax Tips: Capital gains and losses
Capital gains are attracting renewed attention from the IRS for tax year 2011. The introduction of Form 8949 is where individual transactions are reported,...
Tax Tips: IRS budget and service cuts
The IRS is coming to grips with a $346 million budget reduction including enforcement cuts of $160 million. I wonder if it is due...
Tax Tips: People get ready, tax season’s a comin’
About this time of year, we begin to collect all the information we will need to properly file our income tax returns. Since it’s...