Do you gamble? You may get tax write offs. Gambling as a source of revenues for state governments can be a hot button for many citizens, but the IRS has decided that gambling is a necessary evil that is not … Continue reading
Category Archives: General Tax
19 March 2012
ERock Tax Tip of the day – Deduct your Gambling Losses
16 March 2012
5 Money Tips for Small Business Owners
I’ve worked with clients so wide and varied over the years you could say a lot of them have shared nothing in common. Not personally, not physically, not culturally or politically. Yet, in one crucial way, so many of them … Continue reading
Unemployed individuals often need to pay tax too! As of January 6, 13.1 million people, or 8.5% of the workforce still remain unemployed.* Both the U.S. and state government departments of employment assistance created a vast safety net for those … Continue reading
Incentive Stock Options – Cut your taxes and plan! One way to incentivize employees to work harder is to provide them with employee incentive stock options. This type of stock option usually vests in one year or more after the … Continue reading
3 March 2012
IRS Tax Return Fun Facts 2011-2012
Tax Fun Facts 140 million tax returns were filed in 2011 100 million refunds were issued totaling $300 billion! 80% of all returns were e-filed The IRS cost per e-filed tax return is $.80. A paper return cost $3.50! 2012 … Continue reading
3 March 2012
Income Tax Benefits of Contributing to a ROTH IRA
ROTH IRA A Roth IRA is a unique retirement savings vehicle that has multiple uses. For individuals who qualify for a ROTH IRA, the account funds can be used to help pay for education expenses or a first time home … Continue reading
NOW is a GREAT time to buy real estate as an investment and hold it for the long term Mortgage rates are at all time lows. And the mortgage interest deduction is one of the most valuable deductions on the … Continue reading
24 February 2012
Tax Tips – The Electric Motor Vehicle Credit
Saving the Environment and Saving Money! – Qualified Plug-in Electric Drive Motor Vehicle Credit Your Tax Savings = up to $7,500 Were you seriously considering the purchase of a Chevy Volt and then saw the $40,000 sticker price and had … Continue reading
24 February 2012
The Residential Energy Tax Credit
Saving the Environment and Saving Money Part I – The Residential Energy Tax Credit Your Tax Savings in 2011 = $500 Thinking about getting a new hot water heater or blowing some insulation into your attic but thought it might … Continue reading
24 February 2012
ERock Tax Tip – Claim Unreimbursed Expenses on Form 2106
Tax Tip of the Day – Claim Unreimbursed Employer Business Expenses Do you incur any unreimbursed business expenses from your employer? Expenses could include travel, attending conferences, using your cell phone or automobile mileage. Any amount you spend on unreimbursed … Continue reading
| < NEWER | 11 of 13 | OLDER > |