Tax Pro Plus
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Los Angeles, CA 90064
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- How Business Website Expenses Are Deducted
- With the explosion of online businesses, one would think that there would be a standard method of deducting the cost of your business website. But some questions still exist as to what part of a website is considered software, and to date, the IRS has not fully clarified that issue for tax purposes.
- Saver's Credit Can Help You Save for Retirement
- Low- and moderate-income workers can take steps to save for retirement and at the same time earn a special tax credit.
- Don’t Overlook the Credit for Small Employer Health Insurance Premiums
- The tax law provides a credit for small business employers who pay the health insurance premiums for their workers. This credit can be as much as 35% (25% for tax-exempt organizations) of the insurance premiums paid by the employer in 2013.
- Are You Missing a W-2?
- Have you received all of your W-2s? These documents are essential for completing individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from all of your employers each year. Employers have until January 31 to provide or send you a 2013 W-2 earnings statement, either electronically or in paper form.
- Are You Required To File A Gift Tax Return?
- Frequently, taxpayers think that gifts of cash, securities, or other assets that they give to other individuals are tax-deductible and, in turn, the gift recipient sometimes thinks that income tax must be paid on the gift received. Nothing is further from the truth. To fully understand the ramifications of gifting, one needs to realize that gift tax laws are related to estate tax laws.