Author Archives: Jaya A. Naiken
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
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
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
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
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
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
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
Standard Mileage Rate Increases July 1
Standard Mileage Rate Increases July 1 Because of rising fuel costs, the Internal Revenue Service increased the standard mileage rate for business use of an automobile and for medical and moving expenses. The new optional standard mileage rates will apply … Continue reading