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Your CPA Friend - HomeYourCPAfriend.com - Answering your questions about taxes, investments, and personal finance.
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Your CPA Friend - Home | yourcpafriend.com Reviews
https://yourcpafriend.com
YourCPAfriend.com - Answering your questions about taxes, investments, and personal finance.
yourcpafriend.com
Can I Deduct the Gifts I Make to Charity? - Your CPA Friend
http://www.yourcpafriend.com/1/post/2011/07/can-i-deduct-the-gifts-i-make-to-charity.html
Can I Deduct the Gifts I Make to Charity? There are, of course, a few rules and limitations for charitable contributions:. For any individual donation greater than $250, the IRS requires that you maintain (on file) an acknowledgment from the donee organization indicating that the donation was received and nothing of value was given in exchange for the donation. Since this is on a per gift basis, if you give several gifts for under $250, the aggregate may be over $250, but no acknowledgment is required.
What's the Difference Between a Tax Credit and a Deduction? - Your CPA Friend
http://www.yourcpafriend.com/1/post/2011/07/whats-the-difference-between-a-tax-credit-and-a-deduction.html
What's the Difference Between a Tax Credit and a Deduction? The short answer is that a tax credit reduces dollar for dollar your tax liability, while a tax deduction reduces dollar for dollar the income on which your tax liability is calculated. This means that a $100 tax credit is generally more beneficial to you than a $100 deduction. There are exceptions of course, but this is what makes the tax code so complicated.
Are There Any Other Taxes or Interest That I Can Deduct? - Your CPA Friend
http://www.yourcpafriend.com/1/post/2011/07/are-there-any-other-taxes-or-interest-that-i-can-deduct.html
Are There Any Other Taxes or Interest That I Can Deduct? In addition to the property taxes and mortgage interest for your personal residence, there are other taxes and interest that you can deduct with your itemized deductions. Currently, you can deduct the greater of either the state income tax or state sales tax that you paid during the year. To determine the state income tax, you have to calculate the total payments made during the year. This amount goes on Schedule A as an itemized deduction. You can...
Should I Itemize my Deductions, or Take the Standard Deduction? - Your CPA Friend
http://www.yourcpafriend.com/1/post/2011/07/should-i-itemize-my-deductions-or-take-the-standard-deduction.html
Should I Itemize my Deductions, or Take the Standard Deduction? The answer is that it depends on which option would give you the most benefit. For any given year, you can make the determination to do either. To know whether or not you would be a good candidate to itemize your deductions, consider the following questions:. 1 Do you own a home? 2 Do you pay state income taxes? 3 Do you contribute money to charity? 4 Do you have substantial medical expenses? State and Local Taxes.
What are the Tax Benefits of Home Ownership? - Your CPA Friend
http://www.yourcpafriend.com/1/post/2011/07/what-are-the-tax-benefits-of-home-ownership.html
What are the Tax Benefits of Home Ownership? Both the property taxes and mortgage interest on your home, and a second personal residence are deductible as an itemized deduction. This provides a substantial benefit for those individuals who own their homes. There are, of course, a few guidelines. For tax purposes, a loan is characterized as either.
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William J. Bassow CPA, CFP®, CLU®, CASL ®, Grand Haven, MI
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Tax Planning and Preparation. Tax Planning and Preparation. We offer a free monthly accounting newsletter featuring tax saving strategies, tips for growing your business and more. Connect with our accounting firm:. Chattanooga CPA Accounting Firm. To view our full list of services. Want to learn more about our Chattanooga accounting services? Give us a call today at (423) 240-5217 or (423) 883-0003. To schedule your free initial consultation. We look forward to hearing from you. Kanerva Accounting Soluti...
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Simple Ways to Prepare for Your CPA Exam. Prior to becoming a truly successful CPA, though, you are going to need to study for and then pass a true CPA exam. These tests are given all over the country, and they are very effective tools for people who are looking to hire only the best CPAs around. Related articles pertaining to this are provided at http:/ www.britannica.com/EBchecked/topic/103649/certified-public-accountant. To read more about this. As you can see, there are plenty of useful tricks out th...
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Your CPA Friend - Home
Can I Deduct the Gifts I Make to Charity? There are, of course, a few rules and limitations for charitable contributions:. For any individual donation greater than $250, the IRS requires that you maintain (on file) an acknowledgment from the donee organization indicating that the donation was received and nothing of value was given in exchange for the donation. Since this is on a per gift basis, if you give several gifts for under $250, the aggregate may be over $250, but no acknowledgment is required.
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Zarrinkelk, Kashefipour and Co. CPAs and Advisors Established 1988. ZKCO is an accounting, tax and business advisory firm located in the City of Irvine in the heart of Southern California's Orange County. The firm provides its financial and consulting services to an array of privately-held businesses and moderate- to high-net-worth individuals. And sound fiscal principles. To help ensure the greatest possible results for our clients. ZKCO is a member of the following organizations:.
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