Over the last 10 years the Tax Code has changed an average of 442 times each year. Source: IRS SOI Tax Stats – Individual Income Tax Returns Publication 1304 Sincerely,
Do You Need an S-Corp?
If you operate your business as a sole proprietor or in a group as an LLC, the S-Corp election might be just want you need! Now, if your profit is less than 50,000 a year then the extra complexity is not worth the small amount of tax savings. But, if you gross over 50,000 it is worth running the numbers to see how much you could save and what other tax/ business/ and retirement advantages you could set up.
Can I Claim Medical Expenses for Adult Children?
When people learn that I work in taxes they typically have tax related questions, especially around tax season. A friend of mine recently asked if she could do something about all of the medical expenses she paid for her son … Read More
IRS To Accept Tax Returns with Education Credits, Depreciation Next Week
Beginning next week the IRS will accept tax returns with Education Credits and Depreciation. Educations Credits use form 8863 Depreciation uses form 4562 See the article at IRS.gov Sincerely,
Jupiter Tax Prep
We are updating the website today February 9, 2013. Call us if you need to set up an appointment for your individual or business tax preparation 561-247-5876 or you may email us at email@jupitertaxprep.com. The new website should be complete by Monday. … Read More