Soon we will close the door on your opportunity to plan for your 2014 tax situation. In this message I provide tax planning tips to help with your financial goals. Unfortunately, we don’t know whether Congress and the President will extend some of the key tax breaks in the IRS Code for yet another year. […]
Summary: Smart Tax and Accounting Solutions for Small Business: 2-day In-person Seminar By: Bruce E. Warner, CPA, Owner – Warner Financial Group, LLC and Bear Lake Tax & Accounting Location:- San Francisco, CA | Thursday, October 23, 2014 | Friday, October 24, 2014 Information: Are you a new or current small business owner who would like to ensure your business is organized […]
Reminder of Due Dates of Extended Returns Many clients choose to file their tax returns based on the extended deadlines allowed by the IRS. Some of them believe filing for tax return extensions reduces the chance of tax audits; others simply can’t obtain the necessary records, such as Forms K-1, by the normal filing deadlines, […]
Thoughts on Real Estate Investing – Bruce’s Rules and Observations Aim to obtain at least a 10% cash-on-cash return in the first year after buying a property. The key to successful real estate investing is buying right. Remember the first and final rule of real estate: location is the key factor. Real estate is a […]
Did you know you can get an “app” for your smartphone or tablet so you can log in to share file that way? You can also take pictures of your documents, and upload them to share file from your device. This is a neat way to minimize the hassles associated with submitting tax data. Download links for […]
Source: About.com The following is a compilation of various deadlines for filing returns with the IRS and making various payments. January 15, 2014 Deadline to pay your fourth quarter estimated tax payment for the year 2013. However, you can skip this estimated payment without penalty if you file your return and pay your balance in full by January […]
On August 27, 2013, the IRS issued final regulations on the requirement contained in the Health Care Reform Act of 2010 that all non-exempt U.S. citizens and legal residents maintain minimum essential health insurance coverage. Beginning with the 2014 tax year, individuals who do not maintain minimum essential […]
If a taxpayer improves depreciable property, he or she must treat the improvement as a separate depreciable property. Improvement means an addition to or partial replace- ment of property that results in a betterment of the unit of property, restores the unit of property, or adapts the unit of property to a new use. The […]
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Suggested Year-End Procedures If you own a S corporation and paid medical premiums for yourself and/or your family, make sure the cost of the premiums is added to your W-2 wages and is also reported in Box 14 on your W-2 as S Corp medical. These premiums don’t increase your FICA or Medicare taxes. S […]
