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Tax issues related to the Small Business Job Creation New employment tax credits for hiring unemployed or part time (underemployed). Read here Presidents 2011 Budget with lots of small biz credits for new jobs and more child tax credits. TAX ORGANIZER click here Dos & Don'ts of Business Audits Don't flip out, the system routinely search for inconsistencies that can easily be cleared up. Provide everything they asked for but no more. Don't assume you did anything wrong. Do make sure you are represented by Enrolled Agent, CPA, or Tax attorney. Do get organized and have your records to back up your returns. Divorced? maximize combined refunds by releasing exemptions to the parent making the most money (click here for Form 8332) IRS Volunteer Tax Assistance grant recipients after ACORN was eliminated from all funds Neighborhood Centers, Inc. Houston TX $187,500.00 City of San Antonio, Department of Community Initiatives San Antonio TX $119,000.00
El Paso Credit Union HOAP, Inc. El Paso TX $86,400.00 VN TeamWork Houston TX $62,500.00 Foundation Communities, Inc. Austin TX $135,000.00 Community Action Project of Tulsa County, Inc. Tulsa OK $92,400.00 Central Oklahoma Community Action Agency Shawnee OK $6,800.00 Oklahoma Indian Legal Services, Inc. Oklahoma City OK $35,120.00 Tuition Credits A qualified tuition program is a program set up to allow you to either prepay, or contribute to an account established for paying, a student's qualified education expenses at an eligible educational institution. QTPs can be established and maintained by states (or agencies or instrumentalities of a state) and eligible educational institutions. The program must meet certain requirements. Your state government or the eligible educational institution in which you are interested can tell you whether or not they participate in a QTP.
Mileage Rates July 1, 2008 - Dec 31,2009 Do to the increase in fuel costs the IRS has raised the mileage rate from 50-1/2 cents per mile January 1 through June 30th To get your free mileage logbook stop by the office at 1619 S Armstrong at the corner of Bullock and Armstrong, or complete the form on 'contact us' and we'll mail you one. You can't afford NOT to keep records of your mileage! Mileage Rates Jan. 1, 2010 50 cents per mile for business 16-1/2 cents for medical trips 14 cents for charity work If this article hurts your brain, that's what you need a professional to look at your taxes. | |
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