Monthly Archives: February 2011

What your taxes pay for

Posted on February 25, 2011 by William A Olson, CPA

This is an interesting website that will show you where exactly your taxes go… enter your information in the upper right hand side and then click “estimate my cost”: http://whatwepayfor.com/

Posted in 1040 Personal Income Taxes | Comments Off on What your taxes pay for

Michigan Energy Tax Credit

Posted on February 24, 2011 by William A Olson, CPA

There were two new energy credits enacted in 2009 for Michigan residents.  If you purchased energy efficient appliances for your home or you paid a renewable energy surcharge on your utility bills, you may qualify for this credit.  Here’s a … Continue reading →

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S Corporation vs. LLC

Posted on February 18, 2011 by William A Olson, CPA

Here’s a great article that explains the difference between S corporations and LLCs.  Please contact my office if you have any questions related to this topic. http://www.powerhomebiz.com/vol136/structure.htm IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:  IRS Circular 230 requires us to notify you … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes | Comments Off on S Corporation vs. LLC

How to find the right tax preparer from Consumer Reports

Posted on February 16, 2011 by William A Olson, CPA

http://blogs.consumerreports.org/money/2011/02/track-down-best-tax-preparer-cpa-enrolled-agent-irs-ptin-number-accountant-form-1040-.html

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax Preparer | Comments Off on How to find the right tax preparer from Consumer Reports

Why it’s worth it to hire a tax preparer

Posted on February 13, 2011 by William A Olson, CPA

From the Wall Street Journal… http://online.wsj.com/article/SB10001424052748703843004576140781360491222.html?mod=sf2tw

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax Preparer | Comments Off on Why it’s worth it to hire a tax preparer

Update: IRS can start accepting e-filed returns on 2/14/11

Posted on February 10, 2011 by William A Olson, CPA

http://www.irs.gov/newsroom/article/0,,id=234736,00.html?portlet=7

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