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Year-End Tax Planning for Small Business Accounting

Receive your refund quickly; we are an Authorized E-Filing Provider!

CPA tax Planning essex njMost year-end statements (W-2, 1099s, 1098 etc.) are due by January 31. If you have not received your mortgage interest and real estate or other statements, contact your financial institution. Some amounts can be obtained by telephone or via the internet.

New individual personal income tax clients will receive a $ 25.00 discount off for 2009 taxes prepared by us!

New business clients will receive a $ 50.00 discount. Be sure to mention this ad.

If you and/or your spouse were US Citizens or Resident Aliens working aboard - you can each exclude $ 91,400- of your foreign earned income in 2009. In addition, your rent, utilities, renter's insurance and maintenance are considered allowable housing costs eligible to be excluded (up to a maximum foreign housing exclusion of $ 12,796-.

There is also a Foreign Tax Credit which offset (dollar for dollar) US income tax on foreign earned income. However, the credit is partially disallowed by the election to take the Foreign Tax Exclusion above. Due to current law a lower tax liablility will result by solely taking the Foreign Tax Credit.


 

 

 





 

Quickbooks ProAdvisor
90 Franklin Street
Belleville, NJ 07109-1004
973-751-7070
(Exit 148 - Garden State Parkway,
or Exit 5 on route 21)



 

tax preparation services

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