New Tax Laws / Tax Planning

Hardly a single year goes by without a major tax law change.  These changes arise from various sources:  new legislation, IRS regulations, rulings and other guidance, court decisions and the phase-in or expiration of previously enacted legislation. 

In addition, tax credits are constantly being added:  such as electric drive vehicles and government retiree credits. Credits are also constantly expiring: such as the first-time home buyers tax credit and a 50% reduction to the child tax credit. By combining year round tax-planning activities with income tax preparation, we strive to see that our clients pay the least tax possible.