Tax Law

Fresh Start Installment Agreements

2012-08-04T13:08:32-07:00August 4th, 2012|Investing, Tax Law|

For the past two years a call to the Internal Revenue Service (IRS) collections division often included waiting for an hour on hold just to talk to someone about your outstanding tax bill that the IRS was trying to collect. Even the IRS thinks staying on hold for an hour is too long and recently [...]

Tax Warning

2019-03-05T23:44:17-07:00June 4th, 2012|Asset Protection, Financing, Legal Procedures, Tax Law|

Tax advisers, including our tax attorneys and accountants at Kingman Winslow, LLC, are already making special plans ahead of filing season next year, when they expect big problems if Congress doesn't confront major tax provisions set to expire at the end of 2012. For example, Income-tax rates, investment taxes, some itemized deductions, estate and gift [...]

When is it time to file your 2011 taxes?

2012-04-10T13:22:15-07:00April 10th, 2012|Tax Law|

Believe it or not, it’s already time to start thinking about filing your 2011 tax return.  By now you should have received your W-2 form(s), a variety of 1099 forms, etc. With that in mind, I thought I would give you a little information on when your 2011 federal income tax return is due. As [...]

WHAT’S NEW THAT WILL SAVE YOU MONEY ON TAXES FOR 2012?

2019-03-05T23:44:19-07:00March 27th, 2012|Tax Law|

There is always something new when it comes to tax rules and regulations that impact your real estate and business transactions. Missing these items can also leave you paying more in taxes then you are required to under the law. The following are a few changes, which will likely impact your taxes in 2012. It [...]

A Few Tax Tips!

2019-03-05T23:44:19-07:00February 14th, 2012|Tax Law|

The “Occasional Baby Sitting” Tax Exemption If you need a baby sitter during the year keep in mind that it could be tax deductible! The current FICA threshold of $1,700 per calendar year will increase to $1,800 in 2012. Sometimes referred to as the "Casual Babysitting Exemption," the new FICA threshold means that families who [...]