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Archive for December, 2009

Merry Christmas!

Friday, December 25th, 2009

Merry Christmas!
As the old year closes and the new year is about to begin…….
I had this exact conversation with two clients this week.  It feels really good to talk with a client about an all clean date.  That is the date that this office refers to as your beginning, or your all clean date. 
Many clients [...]

Tax deferral might not make sense now

Tuesday, December 22nd, 2009

I am just about in total and complete disagreement with the author of this blog.  Kevin Readon is a CFP in Brookfield, he is a fee only CFP and his thinking is correct, it’s his advice that is incorrect. 
Mr. Reardon’s post has all the correct facts.  Tax rates are going up and if a taxpayer [...]

Tiger Woods Facing IRS and Tax Problems?

Monday, December 21st, 2009

I just read a posting from the Thaindian News.  The author Meen Kar, claims that the IRS is looking into Mr. Woods’s tax filings and he may face troubles with the IRS.
I cannot imagine Mr. Woods being that sloppy.  Mr. Woods is the ultimate professional, there is no way that he deducted these expenditures.  At [...]

Consider – BIOB – Blame it on Bush

Saturday, December 19th, 2009

I am a registered Democrat for those who do not know.  I am a raving fiscal conservative.  I remain a Democrat, simply because my social beliefs do not bend to the right.  That said:
The Congress allowed President Bush to have his tax bill in 2001.  That Congress passed massive tax cuts.  They reduced the rates [...]

Auto Mileage Rates Reduced

Friday, December 4th, 2009

The IRS and its consultants have decided, lower fuel prices equal a lower Standard Mileage Rate.  The rate for 2009 was $.55, the new rate for 2010 will be $.50.
Please, just because you utilize the Standard Mileage Rate, you cannot ignore the substantiation rules.  An automobile is a piece of personal property.  The IRS requires [...]

Push to Tax Wealthy Highlights Government's Revenue Problems

Friday, December 4th, 2009

FoxNews.com has a posting or article written by Jim Angle.  I used to be a frequent Fox viewer; however, I could not stand the constant stream of commercials.  I do not know Jim Angle, I have only read his one article.
Mr. Angle discusses the ideas of taxing the wealthy to pay for the wars or [...]

Section 179 and Aggressive Tax Savings Strategies

Friday, December 4th, 2009

My tax classes in college were taught by one really smart professor.  He taught the most basic rules regarding taxation:

Avoidance
Deferral

If you cannot avoid taxes, you defer the tax.  There is no more basic rule of taxation.
Here in lies the problem.  Consider today’s economic times, the vast expansion of the US Government, unemployment, devaluation of the [...]

Customer Service

Friday, December 4th, 2009

I am sick and tired of lousy customer service.  I want to make a pledge to my clients, I want to offer you the level of service that I expect to receive.  I work really hard to make my standards exceed your expectations.  My staff and I are committed to service, in the office you [...]