Category Archives: 1065 Partnership Income Taxes

Mid Year Tax Planning




We are getting very close to the end of the third quarter in 2016 and if your tax bill for 2016 is likely to be much higher (or lower) than it was in 2015, now is the best time to … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax filing due dates | Comments Off on Mid Year Tax Planning

Have you received an IRS notice?




Here’s what to do. The full article from IRS.gov is copied below. What to do if You Get a Notice from the IRS IRS Summertime Tax Tip 2014-01, July 2, 2014 Each year the IRS mails millions of notices. Here’s … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, IRS | Comments Off on Have you received an IRS notice?

Mid-year Tax Planning (re-post)




There are always things you can be doing throughout the year to lower your tax bill at year end. Full year tax projections are a great way to see how what you do now will make your life easier come … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes | Comments Off on Mid-year Tax Planning (re-post)

2014 Standard Mileage Rates (IRS)




Here they are. 2014 Standard Mileage Rates IR-2013-95, Dec. 6, 2013 WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Michigan Taxes | Comments Off on 2014 Standard Mileage Rates (IRS)

Affordable Care Act (ACA) Tax Provisions




Need help understanding the Affordable Care Act’s tax provisions? Your local CPA is a good source for information, but so is the IRS itself. See here for a link to a helpful page on the IRS’s website. William A. Olson, … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS | Comments Off on Affordable Care Act (ACA) Tax Provisions

Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time




More year end tax planning ideas here.






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time

4 Tax Planning Moves to Make Before Year End (from Market Watch)




With the end of the year approaching, it’s time to make some moves to lower your 2013 tax bill. This is the second installment of our two-part series on that subject (also see: Tax moves to make before Christmas). Strategy: … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on 4 Tax Planning Moves to Make Before Year End (from Market Watch)

2013 changes to your Income Taxes




Even in a year with no changes to the tax laws, it’s often a good idea to do an income tax projection at some point during the year to see if there are ways to lower your tax liability or … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, Personal Finance | Comments Off on 2013 changes to your Income Taxes

Year End Tax Planning




The 2013 tax year is almost over and it is the perfect time to do some end of year tax planning… before it is too late. Many tax planning decisions can only be made before December 31st. The first step … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Personal Finance | Comments Off on Year End Tax Planning

New Method for Calculating the Home Office Deduction (Journal of Accountancy)




Very simply, the new method available for tax years 2013 and after, allows you to calculate your home office deduction by multiplying the square footage of your home office by $5 (max = 300 square feet or $1,500). The qualifications … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, IRS, Personal Finance, Small Business, Technology | Comments Off on New Method for Calculating the Home Office Deduction (Journal of Accountancy)