Tax Tips

Homeowner cancellation of debt income requires expert assistance
The last several years have been particularly difficult for homeowners, many of whom may have experienced an unfortunate event with regard to their homes, such as a foreclosure or a short sale. (7/1/2010)

Family business? Taxes can be complex for family members
(6/1/2010)

Uncertain estate and gift tax law may impact your estate plan
Since Congress couldn't agree during 2009, there can be no certainty that they will be able to during 2010 (note that 2010 is an election year). Meanwhile, wealthy people will die and there will be confusion as to what laws will apply. (5/1/2010)

Major tax acts passed in March
Two major pieces of legislation were passed in March that could affect your business or your personal situation. (4/1/2010)

Claiming dependents can be complicated business
Most people understand that they can claim their dependent children as a tax deductions, but there are complicated rules for claiming those who may not be your dependent minor child. Qualifying relatives who do not meet the criteria of dependent child may also be claimed in certain circumstances. (3/1/2010)

Getting the Most from Energy Credits
Homeowners may be able to take advantage of tax credits for certain energy saving improvements or for installing alternative energy property in their homes. The two credits available are the Credit for Nonbusiness Energy Property and the Residential Energy Efficient Property credit. (2/1/2010)