Taxpayers can transfer substantial amounts free of gift taxes to their children or other donees (gift receivers) through the proper use of the following exclusion. (You're probably aware that the estate tax has been repealed for 2010, but is scheduled…
We just finished the 2010 tax season and are starting a newsletter to help our clients and future clients stay on top of the major issues facing them. We will be sending out a newsletter periodically to all who sign…
The tax bill for small businesses looks like it will be passed very soon. Some of the items which will affect you are as follows: 1. You may expense up to $500,000 of assets placed in service in 2010 and…
How do you plan estate tax futures with the uncertainty reflected in our Washington politics? As of now, even though we at Estes Armstrong Earley think some form of the old estate tax rules of 2009 will go forward, we…
If you haven't been taking advantage of the the credit on Form 941 for the employer's share of Social Security taxes for qualified employees you should immediately. This change was passed earlier in the year in the HIRE Act of…
We mentioned a link on our twitter page previously that discussed how small non-church tax exempt organizations are running into a problem this year in keeping their tax exempt status. Back in 2006, the Pension Protection Act contained a small…
Take a look at your dividend paying stocks before the end of 2010. Dividend tax rates might be on the rise next year if the Bush tax cuts expire.
The day before last one of our clients brought to us a very interesting issue that deals with medical providers. The issue deals with FICA taxes (Social Security & Medicare) withheld from medical residents paychecks while they were in residency. …
Mortgage interest rates are very low at the moment which is a prime time to consider refinancing. Call around today and check with banks in your area. You might be surprised at how much money you can save! EAE
Call your credit card company and ask for a rate reduction. More often then not they will lower the rate just because you called and asked. One phone call can save you quite a bit of money down the road.…