Tax Planning
Let's face it; Nobody likes taxes. The goal of tax planning is to minimize your federal income tax liability as much as you are allowed by tax law. C. Geraci & Company can help you evaluate your current situation and choose the best way to minimize your tax liability.
Resources
- IRS Increases Audits of Millionaires, Small Businesses
The IRS is paying more attention to the filings of small businesses that tend to underreport incomes and to the records to tax exempt organizations.
- Home Office Deductions
Taxpayers who maintain a home office may qualify for tax deductions if they meet IRC section 208A criteria, but employees must meet additional requirements.
- Executive Summary of 2006 Tax Legislation
The Tax Increase Prevention and Reconciliation Act signed May 17, 2006 and the Pension Protection Act of 2006 signed August 17, 2006.