- Monte Kane, Managing Director
- Jeffrey L. Ducker, CPA
- Laurie Baad, CPA
- Carl Gadinsky, CPA
- Candido Fernandez, CPA
Podcast- Episode 1: Inflation Updates October 21, 2009On October 16th the Internal Revenue Service announced that tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to inflation.
- Episode 2: Tax Credit For First Time Home Buyers October 30, 2009In hopes of spurring the housing industry, the American Recovery and Reinvestment act of 2009 included an enhanced tax credit for first-time home buyers. However, the deadline for this credit is quickly approaching. Potential homebuyers must complete their first-time home purchases before Dec. 1 to qualify for the special first-time homebuyer credit.
- Episode 3: Opportunities & Challenges Presented by Post-2009 Roth IRA Rollovers November 6, 2009There is an interesting new rollover opportunity that's coming up in a few months. After 2009, you will be able to roll over amounts in qualified employer sponsored retirement plan accounts, such as 401(k)s and profit sharing plans, and regular IRAs, into Roth IRAs, regardless of your adjusted gross income (AGI).
- Episode 4: The NOL carryback rules of the "Worker, Homeownership, and Business Assistance Act of 2009" November 13, 2009On November 6th, the "Worker, Homeownership, and Business Assistance Act of 2009" was signed into law. This law includes an important new net operating loss provision which is the focus of this podcast. The new Act includes provisions that extend the 5-year carryback of net operating losses (also known as "NOLs") to apply to 2009 NOLs, an […]
- Episode 5: Newly Extended and Liberalized Homebuyer Tax Credit Rules November 20, 2009The "Worker, Homeownership, and Business Assistance Act of 2009," signed into law on Nov. 6, extends and generally liberalizes the first-time homebuyer tax credit, making it a much more flexible tax-saving tool. It also includes some crackdowns designed to prevent abuse of the credit.
- Episode 6: Omission from Gross Income for Purposes of the Six-Year Minimum Period for Assessment December 4, 2009After it lost court cases on whether a basis overstatement is an omission of gross income for purposes of the longer limitations period, the IRS recently modified treasury regulations to make clear that a basis overstatement can trigger the six-year statute of limitations period. In so doing, the IRS sought to strengthen its position, which has been rejected […]
- Episode 7: Last Minute Moves That Save Taxes For 2009 and Beyond December 11, 2009Make year-end gifts. A person can give any other person up to $13,000 for 2009 without incurring any gift tax. The annual exclusion amount increases to $26,000 per donee if the donor's spouse consents to gift-splitting. Anyone who expects eventually to have estate tax liability and who can afford to make gifts to family members should do so.
- Episode 8: Tips For Year End Donations December 18, 2009Individuals and businesses making contributions to charities should keep in mind several tax law provisions that have taken effect in recent years. Listen for more important information regarding this matter.
- Episode 9: Tax Benefits For Education December 24, 2009There is a variety of tax credits and deductions available to tax payers to assist with the expense of higher education. A tax credit reduces the amount of your income tax you have to pay.
- Episode 10: Top Five 2010 New Year's Eve Tax Tips December 31, 20092009 ends on a far more hopeful note for the economy than it began. And the advent of 2010 presents some unique tax planning opportunities for many individuals. However, here is fair warning. Keep your hands on your wallets. Prospects are strong that Washington will pay for proposed health care reform and attempt to shrink the budget deficit by raising your […]
- Episode 1: Inflation Updates October 21, 2009
