Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Get Credit for Making Your Home Energy-Efficient
- Although the credit for making energy-efficient improvements to your home have been substantially reduced, there is still time for you to take advantage of this tax break which expires after 2011 without Congressional action.
- Limited Window of Opportunity
- Last December, Congress extended a number of the Bush era tax breaks, but only for a limited amount of time. And it is probably a safe bet to say that most won’t get extended further considering the size of the national debt. Although numerous breaks were extended, only a certain few provide you with an opportunity to take actions that can reduce your tax bite. But if you want to take advantage of those tax breaks you need to act this year or next. The following is a list of those extended tax breaks and what will happen when they expire.
- Surprised By the Kiddie Tax? There Are Ways To Avoid It!
- Were you caught by surprise when you found out that your almost adult child was subject to the Kiddie Tax? You are not alone. Kiddie tax rules generally apply to children through the age of 18 and full-time students under the age of 24.
- Rejoice - Congress Overturns Enhanced 1099 Reporting Requirements
- In earlier newsletters, we had notified you of two new 1099 reporting requirements for businesses and rentals.
- New 2011 Reporting Requirement for Landlords
- If you use unincorporated independent contractors to perform services for your rental and you pay them $600 or more for the year, you are required to issue them a Form 1099 after the end of the year.
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