Tax Tips

Job hunting? Tax deductions you should know about
If you are looking for a new job, you may be able to deduct some of your job-search expenses on your tax return. One key thing to know is that you must be seeking a job in your current occupation. The deductions do not apply if you are looking for a new career. 9/1/2010

First-time homebuyer credit extended
On July 2, 2010, President Obama signed into law the Homebuyer Assistance Improvement Act of 2010, which provides first-time home buyer credit relief to taxpayers who couldn't meet the June 30, 2010 closing date. This extension is intended to provide tax relief for those taxpayers who couldn't close on time because of backlogs at banks and federal programs involved in home buyer loans. 8/1/2010

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

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