Monthly Archives: January 2011

Ten Tax Benefits for Parents

Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. 1. Dependents In most cases, a child can … Continue reading

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Repetitive Transactions in Quickbooks – Memorise’em

Filling out invoices the first time can be a pain, especially if they’re lengthy. But doing the same thing repeatedly if the identical invoice recurs regularly? No need. QuickBooks can memorize a variety of transaction types, including invoices, purchase orders, … Continue reading

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2010 Tax Relief Act: Bonus Depreciation and Code Sec. 179 Expense Deduction

To encourage economic stimulus and job creation, Congress has enacted the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Tax Relief Act of 2010). The Tax Relief Act of 2010 provides significantly increased incentives for business investment … Continue reading

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2010 Tax Relief Act: Benefits for Individuals

Many individuals entered 2010 uncertain over the fate of federal tax incentives scheduled to expire at year-end. On December 17, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (H.R. 4853) after passage by … Continue reading

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You may have to wait to file your individual income tax return this year.

Thanks to congress waiting until the last minute to pass the tax bill that restored virtually all the tax rates and deductions that were scheduled to expire, the IRS will not be able to process many individual income tax returns … Continue reading

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