Last-Minute Tax-Filing Tips: 6 Mistakes Every Tax Filer Should Avoid By Eva Rosenberg, EA I have spent many an April 14 working all night, rushing to finish tax returns for clients who brought their information in at the last minute. Tax professionals aren’t the only…
Strategies to Ensure You Get Credit for Your Charitable Deductions By Eva Rosenberg, EA In one of my EA Exam Review Course sessions, we learn about the Tax Court. I build a class around the Tax Court’s recent decisions. One such case was Daniel and…
Itemized Deduction, AMT, and Other Tax Nightmares The itemized deduction has several levels of complexity; increases in standard deductions can generate no tax change at all because the alternative minimum tax overrides all your deductions; and a variety of tax benefits disappear as your income…
Do I Get a Deduction for My Gifts? Or Do I Get Punished for Being Generous? We all love to get gifts, don’t we? One thing I learned much later than I should have is if someone asks you what you want, tell them. Being…
Estate Tax Tips: A Choice for 2010 Finally, Dec. 17, 2010, we got the estate tax law we all expected to see in the first quarter of 2010. The 2010 Tax Relief Act establishes an exclusion from estate taxes for $5 million dollars per person,…
6 Tips for Pushing Your Adjusted Gross Income Below $250,000 By Eva Rosenberg, EA One of the big delays in passing the “extender bill” last fall was the conflict over extending the Bush tax cuts to people with incomes over $250,000. The debate isn’t over….