by Donna Swenson | Feb 21, 2011 | Individual Income Tax, Uncategorized
If you purchased a home that was under contract by April 30, 2010, chances are that you may qualify for the “First-Time Homebuyer Credit”–either as a homeowner that has not owned a home in 3 prior years or as a long-time homeowner. There are a few...
by Dianne Briery | Nov 5, 2010 | Uncategorized
2010–The year of change and uncertainty! Health care reform! What does that have to do with taxes? 1099s for everyone? What is that? Bush tax cuts expiring? How will that affect me? More regulations on tax preparers? Does that matter to me? Red flag rule? What’s...
by Dianne Briery | Aug 20, 2010 | Small Business Tax
Are you ready?
by Dianne Briery | Jul 13, 2010 | Individual Income Tax, Retirement Plans & IRAs
The news media is full of information pushing the availability for all taxpayers being able to convert their IRAs to a ROTH, effective January 1, 2010. Previously, both ROTH IRA conversions and contributions were limited to taxpayers with modified adjusted gross...
by Dianne Briery | Jul 13, 2010 | Estates & Trusts
The only certainties in life are death and taxes. However, 2010 has definitely brought some uncertainty concerning federal death tax, which expired December 31, 2009. Generally, congressional leaders have stated that the death tax will be re-enacted retroactively to...
by Dianne Briery | Apr 29, 2013 | Uncategorized
As reported my Newsmax.com: Code Called ‘Shockingly Complicated’ The U.S. tax code has become so complex that the paperwork burden generated by the Treasury Department — almost all of it from the Internal Revenue Service — now totals a mind-boggling 6.7 billion hours....
by Dianne Briery | Nov 15, 2012 | Uncategorized
DESIGNATED CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS By Dianne K. Briery, CPA (904) 880-3200 In my work with churches and other tax-exempt entities with their accounting, I often see some major issues with the accounting for...
by Dianne Briery | Mar 6, 2012 | Uncategorized
We have become aware of individual receiving phone calls from someone that claims to be from the Internal Revenue Service. The caller provides a case number and requests your social security number. DO NOT provide them with any personal information. THIS IS NOT THE...
by Dianne Briery | Feb 13, 2012 | Uncategorized
As the “health care bill” now stands, a 3.8% Medicare Surtax will come into play in 2013, if no change is made. This MEDICARE SURTAX is on UNEARNED INCOME for taxpayers with MODIFIED ADJUSTED GROSS INCOME (MAGI) in excess of $200,000 for single and...
by Dianne Briery | Jan 25, 2012 | Uncategorized
YEAR-END INDIVIDUAL TAX NEWSLETTER Dear Clients, ...
by Dianne Briery | Jan 25, 2012 | Uncategorized
YEAR-END BUSINESS TAX NEWSLETTER Dear Valued Client and Colleagues: January 24, 2012 2011-2012 The year of ???? Last year we started this letter with so much uncertainty—this year, very little has changed from the prior year…We asked the question—“1099s for everyone?...
by Dianne Briery | Dec 14, 2011 | Uncategorized
www.itsdeductible.com – Estimated high and low values for a variety of used items. www.satruck.org – Estimated high and low values for a varity of used items. To find the list, click on “frequently asked questions” in the site’s...
by Dianne Briery | Aug 15, 2011 | Uncategorized
For 2011, businesses will be required to report their income derived from charge card sales separately from other income. Charge card companies will be issuing a Form 1099K reflecting the amount of the sales that go through charge cards. We recommend that you change...
by Dianne Briery | Aug 1, 2011 | Uncategorized
For those that have reached aged 70 ½ and are required to take a minimum distribution from your traditional IRA, you have the opportunity to make a charitable donation from your IRA, in lieu of your required minimum distribution. HOWEVER, YOU MUST ACT QUICKLY AS THIS...
by Dianne Briery | Jul 20, 2011 | Uncategorized
Effective July 1, the FUTA (Federal Unemployment) rate decreased from .8% to .6%. For those employees that have already been paid $7,000 or more prior to July 1, 2011, this has no effect to the employer for 2011. If an employee had not yet been paid $7,000, the...
