Employers need to get three tax documents from new employees before they start work. more…

This past weekend the Yellow Pages phone book was delivered to my home.  When I got to work the next morning, another one was on the front step.  At home, it never even made it into the house.  I just put it in the recycle bin in the garage.  I suspect I will do the same with the directory delivered to my office. more…

Most long-term capital gains are taxed at 15% for 2010.  This rate is scheduled to increase to 20% in 2011.  Unfortunately, we need to say “most” because there are some exceptions as follows:

• Taxpayers in the 10% and 15% ordinary bracket―0%
• Certain depreciation recapture on real estate—25%
• Collectibles—28% more…

The recent health care reform has allowed eligible businesses to claim a credit for premiums paid for health insurance. For 2010, the maximum credit is 35% of the employer's premium. more…

Clients frequently ask us about the tax effects of government savings bonds they have in their house or safe deposit box.  When this question comes up, it’s usually in the context of estate planning.  To give an appropriate answer, we need to gather some facts:

• What type of bonds are they?
• Who is the legal owner of the bonds?
• When were the bonds issued and when do they mature?
• What is the interest rate earned? more…