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| On
October 22, 2004, President Bush signed the "American
Jobs Creation Act of 2004" (Jobs Act) - a massive tax
bill that impacts almost every facet of income taxation. This
comes on the heels of the "Working Families Tax Relief
Act of 2004"... |
| more...
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| On
October 22, 2004, President Bush signed the "American
Jobs Creation Act of 2004" (Jobs Act) - a massive tax
bill that impacts almost every facet of income taxation. This
comes on the heels of the "Working Families Tax Relief
Act of 2004"... |
| more...
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| Each
year, we work with our clients to maximize tax saving through
year end planning. Traditionally, we have recommended that
you make sure your income is taxed at the lowest possible
rate, and that you postpone your taxes by deferring taxable
income... |
| more...
|
|
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| Each
year, we work with our clients to maximize tax saving through
year end planning. Traditionally, we have recommend that you
make sure your income is taxed at the lowest possible rate,
and that you postpone your taxes by deferring taxable income... |
| more...
|
|
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| Each
year we work with our corporate and business clients to maximize
tax savings through year and planning. Traditionally, year-end
tax planning includes taking steps to make sure your business
income is taxed at the lowest possible rate, and to postpone
the payment of taxes by deferring taxable income... |
| more...
|
|
|
| Each
year we work with our corporate and business clients to maximize
tax savings through year end planning. Traditionally, year-end
tax planning includes taking steps to make sure your business
income is taxed at the lowest possible rate, and to postpone
the payment of taxes by deferring taxable income... |
| more...
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| On
October 22, 2004, President Bush signed into law a tax bill
entitled the American Jobs Creation Act of 2004 (the "Act"),
which contains a number of provisions that could have a significant
impact on your tax liability. This letter summarizes some
of the more significant provisions of the Act... |
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| As
you may know, President Bush recently signed into lax a $146
billion tax cut package, The Working Families Tax Relief Act
(the "Act"), which provides several tax cuts for
middle income families and extends more than 20 expired business
related tax provisions... |
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| As
college tuition costs increase, so does the need of many to
save for college. Fortunately, there are savings vehicles
that can assist you and your family in saving for a college
education. This letter discusses some commonly used vehicles
for saving for college and their tax advantages... |
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| The
Fifth Circuit Court of Appeals in Kimbell v. U.S. recently
gave a resounding blow to the Internal Revenue Service's position
challenging family limited partnerships. The Service has been
arguing that under §2036(a) of the Code, a transfer of
assets to a limited partnership... |
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| On
February 27, 2004, the IRS issued proposed and temporary regulations
(the "Regulations") for computing depreciation under
the Modified Accelerated Cost Recovery System ("MACRS")
for property acquired in a § 1031 like-kind exchange
or a § 1033 involuntary conversion... |
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| The
Medicare Prescription Drug, Improvement, and Modernization
Act of 2003 (“MPDIMA”) includes new tax provisions
that, beginning January 1, 2004, allow for the establishment
of Health Savings Accounts (“HSA's”). HSA's are
governed by Section 223 of the Internal Revenue Code, and
are basically IRA’s with the added feature of tax-free
distributions, so long as the distributions are used for “qualified
medical expenses.”... |
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| The
Service has a new audit initiative that is focusing on executive
compensation. The Service is concerned with the following
eight executive compensation areas, and will be matching the
company's tax return with the executives' returns for consistency
of reporting... |
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