5/28/09

Recently, Indiana officials revised estimated state revenue forecasts downward nearly $1.1 billion, from previous estimates just a month ago. If a state won't cut its spending to match revenue shortfalls, where will it get the needed money? From new and increased fees and taxes. Higher tax rates are coming.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay and stop overpaying your taxes by taking advantage of every potential tax incentive. Most changes need to be in place by December 31 to reduce your current year taxes, and sooner implementation results in greater savings, so act now!

5/24/09

“There are 2 sets of tax laws in this country, one for the informed, and one for the uninformed”
Judge Learned Hand, Supreme Court Justice

You owe it to yourself to get good, forward-looking advice that will put you in the "informed" category of taxpayers - who pay only the required tax, as based upon solid, court-tested tax regulations.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay and stop overpaying your taxes by taking advantage of every potential tax incentive. Most changes need to be in place by December 31 to reduce your current year taxes, and sooner implementation results in greater savings, so act now!

5/18/09

Buy a primary residence before December 2, 2009

Buy a primary residence before December 2, 2009 in order to receive a refundable tax credit of 10 percent of the purchase price or $8,000, whichever is lower. Restricted to buyers who haven't owned principal residences for three years prior to making the purchase. The full credit is restricted to taxpayers with adjusted gross income of $150,000 (Married Filing Jointly) or $75,000 (others). A refundable credit creates a refund to you, even if you paid no tax or had no withholding.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay and stop overpaying your taxes by taking advantage of every potential tax incentive. Most changes need to be in place by December 31 to reduce your current year taxes, and sooner implementation results in greater savings, so act now!

5/6/09

Double-dipping encouraged

Some tax incentives reward expenditures in certain tax-favored categories of expenses or investments. Even greater tax efficiency results when you combine tax strategies: Use the savings from one tax strategy to implement the second tax-savings strategy.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay. Most changes need to be in place by December 31 to reduce your current year taxes, and sooner implementation results in greater savings, so act now!