Tax & Business Services

John F Howes CPA


    Posts Tagged With: Taxes

    Tax Season Has Begun

    January 23rd, 2010 at 2:42 pm » Comments (0)

    Just electronically filed the first 2009 tax return of my tax season. All went swimmingly well considering I am studying a 5 dvd, 600 page tax update manual of all ...more »

    You are Now Getting a Stimulus Check from the Government Every Payday

    April 25th, 2009 at 12:57 pm » Comments (0)

    Theoretically speaking that is.   This is to clear up some confusion regarding the recent "tax cut" that became effective April 1, 2009.You will not be getting a ...more »

    Significant 2009 Tax Break for Purchase of a New Vehicle

    March 31st, 2009 at 11:34 am » Comments (2)

    [caption id="" align="alignright" width="202" caption="Compressed Air Car Image via Wikipedia"][/caption]The IRS just announced the new "above the line" tax deduction for the sales tax on the purchase of a NEW ...more »

    Tax Implications of Foreclosures and Debt Cancellation

    March 20th, 2009 at 7:36 am » Comments (0)

    A podcast from Edward K. Zollars, CPA (podcast geared toward IRS code junkies): Debt, Foreclosures and the Tax LawThe new year opens up with a podcast based on a topic that ...more »

    Debt Cancellation on Short Sales and Foreclosures

    January 25th, 2009 at 8:11 pm » Comments (0)

    [caption id="" align="alignright" width="269" caption="Half million dollar house in Salinas, California"][/caption]For those facing a foreclosure or a short sale on real estate,  here is a video from an IRS forum ...more »

    S Corporation – Officer Wage Trap

    January 8th, 2009 at 2:10 pm » Comments (3)

    [caption id="" align="alignright" width="202" caption="Average salaries of faculty of California State University faculty 2007"][/caption]There has been considerable controversy and misinformation regarding S corporations and wages paid to officers of the ...more »

    LLCs, Corporations, Partnerships, Sole Proprietorships and Taxes

    October 26th, 2008 at 12:07 pm » Comments (3)

    There is a lot of confusion about Limited Liability Companies (LLCs) versus other types of business entities.  From strictly a tax standpoint, a limited liability company is not recognized in ...more »

    New Property Tax Deduction for Non-itemizers

    October 13th, 2008 at 12:46 pm » Comments (11)

    Effective for the tax year 2008 (and now 2009 with the bailout bill), taxpayers who normally do not itemize deductions because their mortgage interest and other deductions do not exceed ...more »
    Get Adobe Flash playerPlugin by wpburn.com wordpress themes