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Category Archives: Tax Tips

Most important tax developments that have occurred in the past three months that may affect you

Dear Client: The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and

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Residential Energy Efficient Property Credit

Taxpayers can claim a tax credit for residential energy efficient property placed in service in 2006–2016. (IRC §25D) Residential Energy Efficient Property Credit—2010     Property Type                                                 Credit Amount Solar Water Heating                           30% of cost (before 2009, credit capped at $2,000) Solar Electric                                     30% of cost (before 2009, credit capped at $2,000) Fuel Cells                                          30%

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Client letter on key business changes in the Small Business Jobs Act

Welcome to my fully revised and updated weekly newsletter! Dear Client,The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for businesses. Here’s a brief overview of the tax changes in the Small Business Jobs Act.  Enhanced small business expensing (Section 179 expensing). To help small businesses quickly recover the

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