Monthly Archives: September 2011

To amend or not to amend your tax return

You should file an amended return if your filing status, your dependents, your total income or your deductions or credits were reported incorrectly. In some cases, you do not need to amend your tax return. The IRS usually corrects math … Continue reading

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Foreign Income Exclusion Tax Break

Some of you inquired about the foreign earned income tax rules.  The rules are very complex, but in this article I have listed a few points to keep in mind as you go through that process with yor accountant tax advisor. 1. … Continue reading

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President signs act banning patent strategies

  The Leahy-Smith America Invents Act reforms the U.S. patent system and states any “strategy for reducing, avoiding, or deferring tax liability” is deemed to be “prior art” under patent law. The bill had been passed by the Senate earlier … Continue reading

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Are You Considering A New CPA – see my offer

If you are a potential client, why wait until the last minute to get your tax information in order.  Call me today to take advantage of my offer for a free initial consultation.  I will be happy to evaluate your tax … Continue reading

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Job Search Expenses

    You may be able to deduct certain expenses you incur while looking for a new job, even if you do not get a new job. Expenses may include travel, resume and outplacement agency fees. For more information, see Publication … Continue reading

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Does the IRS owe you money ?

If you earned income in the last few years but you didn’t file a tax return because your wages were below the filing requirement, the Internal Revenue Service may have some money for you. If you are unsure contact me … Continue reading

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Ask Is Your Tax Preparer Registered

For 2011, thousands of tax professionals excluding licensed CPAs will be required to pass the IRS exam in order to prepare returns and to earn the designation of Registered Tax Return Preparer (RTRP). If in doubt or unsure contact me … Continue reading

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September 15 Tax Due Date

Third quarter individual and corporate estimated tax payments are due. Also the corporate tax extensions expire on this date for C and S corporate tax return filers. In Indiana the state Corporate tax returns are due one month later on … Continue reading

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Seven Tax Tips for Job Seekers

Many taxpayers spend time during the summer months updating their résumé and attending career fairs. The Internal Revenue Service reminds job seekers that you may be able to deduct some of the expenses on your tax return. Here are seven … Continue reading

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