TaxGuy's Articles
December 14, 2007
No Dental Benefits? Check this out!
Published by TaxGuy on
December 14, 2007
Occasionally, when we run across a deal that we think may benefit our friends, family, or clients, we let you know about them!
Recently, because I have no dental insurance, I shopped around for ways to help save before I made an appointment. This dental plan I found saved me more than what it cost on my very first visit. And I know I have to go back soon. I couldn't imagine how much it would save an entire family! So if you own a business, ...
December 14, 2007
Get the 411 free from Google!
Published by TaxGuy on
December 14, 2007
Something I stumbled across this week that I put in my speed dial right way, was this free service from Google called GOOG-411.
Straight from the horse's mouth:
"Google's new 411 service is free, fast and easy to use. Give it a try now and see how simple it is to find and connect with local businesses for free."
Just dial 1-800-GOOG-411 from any phone, tell them the location and type of business, connect for free, and that's it!
Oh yeah, did I mention, it's FREE! Go ...
December 14, 2007
Year End Tax Planning Tips
Published by TaxGuy on
December 14, 2007
December 14, 2007
Congress’ Inaction Will Cause Delay in Refunds
Published by TaxGuy on
December 14, 2007
Although we hate to continually pick on Congress, their inaction on getting legislation passed for the AMT (Alternative Minimum Tax) patch this year will cause a delay in refunds for early filers. And of course, as of December 4th, we still don't know what's going to happen with this legislation, or what the AMT exemption is. To worsen an already difficult situation, the IRS will need 10 weeks from the time legislation is passed until they are ready to administer the tax and make ...
November 10, 2007
2007 Inflation Adjustments
Published by TaxGuy on
November 10, 2007
Every year, many of the various tax limitations, deductions, allowances, etc., are inflation adjusted. The following are the more commonly-encountered values that apply to 2007:
Personal and dependent exemption amount: $3,400
Standard deduction: Joint filers - $10,700, Single - $5,350 and Head of household - $7,850
IRA contribution limit: $4,000 ($5,000 if age 50 or over)
IRA deduction phase-out AGI threshold: $52,000 for unmarried ($83,000 for joint filers)
Spousal IRA deduction AGI phase-out threshold: $156,000
401(k) and 403(b) plan contribution limit: $15,500 ($20,500 if age 50 or over)
Simple plan contribution ...




