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Hurricane Sandy has left her mark. This included power outages, significant property damage and, sadly loss of life.
Homeowners still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits.
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.
Hurricane Irene hit the eastern coastline hard this past weekend. In the south, Irene was originally designated as a "Category 3" hurricane. The highest rating and most violent is a Category 5. Irene was subsequently downgraded to a Category 1. It’s very early, but it is estimated that the damage caused by this hurricane could be between $3 and $5 billion. In Connecticut, we were also hit hard by Hurricane Irene. The property damage has been estimated … Continue reading »
The Internal Revenue Service has announced that some taxpayers will not be able to file their returns until mid to late February 2011 due to last year's tax changes. The IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 that became law on December 17, 2010.