4 Easy Steps to File Your Income Tax Extension

April 7, 2013 Tax News 0 Comments Print this page Share

Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension.

 

 

1) Prepare a Tax Projection

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Why the Fiscal Cliff is Fiscally Irresponsible

December 3, 2012 Tax News 0 Comments Print this page Share

 

The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day.

 

The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases and spending cuts.

 

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The Difference Between an Asset Sale and a Stock Sale

April 24, 2012 Tax News 0 Comments Print this page Share

Closely Held Businesses looking to negotiate a sale of their business will either do an Asset Sale or a Stock Sale.

Asset Sale

With an asset sale, the buyer is buying the assets of the business. These assets will be identified in the purchase and sale agreement. They may include accounts receivable, inventory and fixed assets including office furniture, machinery and vehicles. Additionally they may include intangible assets like customer lists, … Continue reading »

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5 Reasons Donors Should Give Appreciated Property

November 10, 2011 Tax News 2 Comments Print this page Share

Donors should give appreciated property to their favorite charity. Appreciated property is property whose Fair Market Value exceeds the cost basis.  Cost basis is generally what was paid for an item.

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