2010 Tax Preparation – Individual Savings

As we work with small business owners, we evaluate both the personal and business taxes.  In 2011, there are some important changes to the tax law which can create real tax savings for individuals, including: Limits on personal exemptions and itemized deductions ended. You no longer lose part of your...

Proposed 2011 Tax Rates

On December 6, the Obama Administration and the Republicans arrived at an agreement which included, a 2-year extension of the Bush-era tax cuts for all taxpayers. Based on inflation data, RIA has calculated the tax rate schedules for individuals that would apply for 2011 if the agreement becomes law. Although...

Tax Relief Act of 2010: Estate Tax Relief Through 2012

On December 9, Senate Majority Leader Harry Reid (D-NV) introduced H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Tax Relief Act). The Tax Relief Act contains a two-year extension of the Bush-era tax cuts that was negotiated by the President and Republicans, and...