Mandatory repeat business...
This reminds me of a conversation several years ago with a client who was an attorney. He told me how much he envied my profession because the clients are forced by law to use our services every year, while his clients only need his services on rare occasions.

2009 Tax Rates
As has been the case for the past several years, CCH has been the quickest to use the August 31, 2008 CPI figures to calculate the Federal tax brackets that will be in use for 2009 1040s.
As I had been predicting, the cumulative increase in the CPI since the last bump in the annual gift tax exclusion was enough to increase it to $13,000 for 2009.Hurricane Ike clobbered our area; so I’m running further behind than normal; but will try to set up my own page with the 2009 schedules as soon as I can.
Update: The new 2009 figures have been posted on my main website.
Labels: taxes
Comparing Tax Proposals
As I have constantly said, trusting anything a politician promises during a campaign is insane. However, for the sake of discussion, I wanted to pass along this side by side comparison of how the two main candidates stand on many of the tax issues that was created by the fine folks at TaxCoach Software:

(Click on image for full size)
Labels: taxes
Who makes the most profit from high gas prices?
When are the congressional hearings going to be scheduled on price gouging by our bozo rulers in DC?

'Tis The Season
Those of us in this business, along with our families, have always understood that the year has five seasons; the normal ones plus Tax Season.

There are never enough types of taxes to satisfy the DemonRats...

X-rated trade targeted by Calif. tax measure
Intuit's Summary of New tax Law
New Tax Law Provides Breaks for Small Business
More Penalties for Tax Return Preparers
Qualifying Age for "Kiddie Tax" Goes to 23
As they often do, a handy doc file explaining the changes for clients is included that can be downloaded and sent out.
Labels: taxes
Republicans Introduce Bill to Extend Tax Cuts – Now the question is if they can survive the onslaught of anti tax cut rhetoric, such as from the DemonRat presidential wannabes.
Labels: taxes
Countdown to a Whopper Tax Increase – The clock is ticking on the soon to expire tax cuts. Do our GOP leaders have the guts to extend them?
Labels: taxes
Some handy summaries of the recently passed tax law:
From TheTaxBook (links to two pdf files)
Labels: taxes
Congress Closes 'Kiddie Tax' Loophole – A good look at another tax law change in the recently signed Iraq war funding bill. Income shifting strategies may need to be revised.
Tough Choice: Your Retirement Lifestyle or ... Your House? – Reverse mortgages might allow both.
Bill to ban tax breaks for crime-related acts stalls – Interesting issue. Should crooks who report their illegal income be allowed to deduct their operating expenses in the same manner as a legit company?
How desperate is the PRC government for money? How about resorting to stealing unclaimed assets rather than looking for the actual owners?










































































