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Hall of Taxes
Tax Preparation and Tax Planning
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Dear Valued Client,
Many people ask what they need to bring to their tax appointment. Take a look at the organizers on my home page. That should answer your questions about what to bring. If you want an organizer filled in with your information from last year email or call me. My assistant George schedules appointments and delivers messages to me. Please tell him if you would like to speak with me directly. I look forward to being on your team this year!. Whatever the challenge, we will work on it together. Now that I have a new website I am going to blog. How fun to tell everyone what is on my my mind. Feel free to give me suggestions. Also, it would help out a lot if you would enter a testimonial. I know I like to read them when I am looking for a new business. Click here to add a testimonial. Thank you.
Peggy Hall, EA
Hall of Taxes
Deduction Tips for Contributors to Haiti Relief Effort |
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Haiti Contributions Deductible on 2009 Return - Congress has passed a bill (HR 4462) to permit taxpayers contributing to Haitian relief charities to elect to treat contributions made after Jan. 11, 2010, and before Mar. 1, 2010, as if the contributions had been made on Dec. 31, 2009. If the election is made, Haiti relief donations would be deductible on the 2009 return, not the 2010 return. (Read More)
Direct Deposit Puts Your Money in Your Pocket...Faster |
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Don’t wait around for a paper check. Have your federal tax and state (if applicable) refund deposited directly into your bank account. Choosing direct deposit is a secure and convenient way to get your money in your pocket faster. (Read More)
A frequent question asked is whether or not an individual needs to file a tax return. There are two issues associated with this question. (Read More)
A Little Help for Your Friends |
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In these troubling financial times, many individuals are struggling to do their own taxes. Some need guidance with their tax and financial issues, while others would like to take advantage of the vast number of new tax benefits available in 2010 and subsequent years. (Read More)
What's Best…Tax-Free or Taxable Interest Income? |
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A frequent tax strategy question is whether it is better to invest for tax-free or taxable interest. Generally, taxable interest will provide the greater return, but this may not hold true after taking into account taxes on the income. Therefore, the question is really which provides the greater "after-tax" return. (Read More)
Tax Breaks for Charity Volunteers |
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If you volunteer your time for a charity, you may qualify for some tax breaks. Although no tax deduction is allowed for the value of services performed for a charity, there are deductions permitted for out-of-pocket costs incurred while performing the services. (Read More)
Are You Supporting Your Parents? |
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If you are helping support your parents, you may be having difficulty showing over half of the support for both, thus failing to qualify for the dependency exemptions (and for the beneficial head of household filing status if you are a single taxpayer). (Read More)
Circular 230 Disclosure, United States Treasury regulations effective June 21, 2005 require us to notify you that to the extent of this communication, or any of its attachments, contains or constitutes advice regarding any U.S. Federal tax issue, such advice is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that can be imposed by the Internal Revenue Service.
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