Category: Uncategorized

Kiddie Tax

Kiddie Tax

Kiddie Tax – New IRS Rules Beginning with 2009, the amount that exceeds $1.900 of unearned income will be taxed to the child at the parent’s tax rate. The amount of unearned income increased...

Small Business Tax Break

Small Business Tax Break

Section 179 Expense Deduction For 2009, small business owners can claim deductions of up to $250,000 of expenses for qualifying equipment purchased and placed in service during the year. In 2008, the maximum amount...