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

Posted in Tax News on March 3, 2011

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…

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5 Reasons Everyone Should Contribute to an IRA

Posted in Tax News on February 11, 2011

  Here are the five reasons everyone should contribute to an IRA. 1) Income Tax Deduction.  Many taxpayers who contribute to an IRA will get a tax deduction.  Some taxpayers with higher incomes that participate in a retirement plan at…

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The Difference Between an IRA and a Roth IRA

Posted in Tax News on February 4, 2011

Deciding whether to open an IRA or  a Roth IRA is a major decision with potentially large financial consequences. Both forms of the IRA are great ways to save for retirement, although each offers different advantages and rules. 

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Some Taxpayers Must Wait to File 2010 Tax Returns

Posted in Tax News on January 21, 2011

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…

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Seven Things Every Taxpayer Should Know

Posted in Tax News on January 14, 2011

1.  Know Your Tax Bracket This is where every taxpayer needs to start.  What is your tax bracket?  If you don’t know this number, just pull out your tax return from last year.  Look at the taxable income and look…

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