What's new @ Borgida CPAs

Give….and Receive!

Taxpayers over age 70-1/2 with an IRA have a year-end tax planning opportunity. 

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Year-End Tax Planning

Year-end tax planning could be especially productive this year, timely action can get you tax breaks that won’t be around next year unless Congress extends them.

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The American Recovery and Reinvestment Act of 2009 for Businesses

The American Recovery and Reinvestment Act of 2009 (commonly referred to as the Recovery Act), which was signed into law on Feb. 17, 2009, makes a number of beneficial changes for businesses. Here’s a review of the more widely applicable


The American Recovery and Reinvestment Act of 2009 for Individuals

The American Recovery and Reinvestment Act of 2009 (commonly referred to as the Recovery Act), which was signed into law on Feb. 17, 2009, makes a number of beneficial tax changes for individuals. However, most of them are temporary in


Retaining Income Tax Records

Many have asked for guidance on how long you should retain your personal income tax records. These records may have to be produced if IRS (or a state or local taxing authority) was to audit your return or seek to

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