Some confusion out there about Roth changes. The following are effective in 2010…. The tax that has to be paid when you CONVERT a REGULAR IRA to a ROTH IRA can be paid either all in 2010 all in 2011 OR 1/2 in 2011 and 1/2 in 2012 Additionally, the limits on Roth contributions do not […]
CONSUMER ALERT! Please be aware that COMPLIANCE SERVICES (not to be confused with the Florida corporation, Compliance Services, Inc.) is mailing notices to new business entities wanting “Annual Minutes” and a fee of $125. be paid for filing. These notices are NOT from the Dept. of State, Division of Corporations. “Annual Minutes” are NOT required […]
Read More… from Annual Minutes do NOT need to filed with State of Florida
NEW LAW! Effective July 1, 2009, the intention to register a fictitious name must be advertised at least once in a newspaper in the COUNTY in which the principal place of business will be located. Your local newspaper should be contacted for advertising information. […]
Residential Energy Property Credit for Air Conditioning and Heating, Insulation, Exterior Windows….it’s n/a for 2008, yes for 09 and 2010 IF it meets certain criteria….not just any replacement ac qualifies……must be energy efficient and be manufacturers certified….(new requirement and frankly it’s about time—there was too much unknown to the accoutants who had to research and research […]
2010 Standard Mileage rates for the use of a car (includes Pickups, Vans and Panel Trucks): 50 cents per mile for business miles driven 16.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations Runzheimer International conducts an annual study of fixed and variable expenses to operate a vehicle. These rates are lower than 2009 (55.0 business, 24.0 medical or move & 14 […]
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism […]
Client Disclosure Authorization Effective January 1, 2009, before we can present ANY of your information to outside parties for any reason, we must have your WRITTEN authorization in our files per Internal Revenue Code § 301.7216-3. We have our Authorization Form on the main website www.USATaxHelp.com […]
Set Up an Installment Agreement. You really don’t need to hire anyone. Some general rules… If you owe Personal Income Tax of less than $10k, divide the amount by up to 36 months and offer to pay this… it is a GUARANTEED INSTALLMENT AGREEMENT. If you owe Personal Income Tax of less than $25k, divide the amount by up to 60 months and offer to pay this…. It is a STREAMLINED INSTALLMENT […]
Read More… from What if I owe the IRS and Can’t Pay in Full?
A Married Filing Joint couple can sell their home and not pay tax on $500,000 of GAIN if they’s lived in the home 3 out of the last 5 years. There is no requirement to invest in a home of equal or greater value. But, if one spouse dies and the home is then sold […]
Read More… from Can I still qualify for the $500,000 exemption if my spouse died?
Yes, you can do that HOWEVER we are advising clients NOT to do it….. The IRS has announced that an amended return (for any reason) is taking 16 to 20 weeks to process (it is because of this $8,000 credit that the system is bogged down). Today is Nov 20, 2009. If it takes the […]
Read More… from Amending 2008 for the $8,000 First Time Homebuyer Credit
