2010 Tax Form 1040: Small Business

The 2010 Form 1040 reflects a number of new tax breaks for small businesses.  Today’s post addresses changes to the tax laws regarding small business expensing, depreciation, and general business credits. To help small businesses quickly recover the cost of capital outlays, small business taxpayers can elect to write off...

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...