February 1 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during January, you are required to report them to your employer on IRS Form 4070 no … [Read more...] about February 2012 Individual Due Date Reminders
Indian CPA in Bartlett
Tax Breaks for the Self-Employed and Small Business Owners
The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011 return, while others will provide planning opportunities for 2012. Little or No Profit This Year — The farm and nonfarm optional methods for computing net earnings from … [Read more...] about Tax Breaks for the Self-Employed and Small Business Owners
Last Year for Tax-Free Charitable Donations from IRAs
If you are 70.5 years of age or older and are considering making a donation to a charity, you may wish to consider the option of making the contribution from your IRA account. For 2011, you can donate up to $100,000 to your favorite charity, provided it is an eligible charitable organization, tax free from your traditional IRA, Roth IRA, or a SEP or SIMPLE IRA. To be … [Read more...] about Last Year for Tax-Free Charitable Donations from IRAs