Blog Archives

4 Ways to Help Your CPA and Reduce Your Taxes

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter.  The only thing that


Tagged with: , , , , , , , , , , , , , , , , , , ,

How (And When) to File a Federal Gift Tax Return

Form 709, is required to be filed if a gift is made to someone for more than $13,000 in one year.  Gifts between spouses are not required to file.  Gifts can be made to an unlimited number of people in


Tagged with: , , , , , , , , , , , , , , , , , , ,

How Does the Statue of Limitations Affect Tax Obligations With the IRS?

The statute of limitations limits the time during which an action can be brought by the IRS for an audit and the time for IRS tax collection activities.  Generally, there is a 3-year period for the IRS to give you


Tagged with: , , , , , , , , , , ,

Haven't Filed Your 2010 Tax Return Yet? File an Extension!

It’s that time of year again….time to file your income tax return. What if you can’t get it done or don’t have all of your material to prepare it? File for an extension. To file an extension, complete Form 4868,


Tagged with: , , , , , , , , , , , , ,

7 Reasons Why It Might Be Time to Get a New CPA

Another year has gone by.  It’s time to begin gathering my material for my taxes to be prepared. Then it dawned on you, why hasn’t my accountant called me to discuss some possible strategies? If these are questions you are


Tagged with: , , , , , , , ,