We here at Reilly, Creppage & Co., Inc. feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following articles for you to view. Please note that the newsletters are general information items and do not have any "official authority". In addition, in accordance with IRS Circular 230, these newsletters are not to be considered covered opinions or other written tax advice and should not be relied upon for a governmental audit, tax dispute, or any other purpose.
Annually we prepare a payroll and tax update letter for our clients. The 2007-08 letter can be accessed by clicking HERE.
Deducting Real Estate Taxes State and local real estate taxes levied for the general public welfare are deductible for regular tax, but not for the AMT, if the tax is based on the assessed value of the property and charged uniformly against all property in the taxing authority's jurisdiction.
New Tax Legislation Includes Congress recently passed several tax bills, most notably the Tax Increase Prevention Act of 2007 (Tax Increase Prevention Act), which contained the so-called "AMT patch."
Business Benefits of the Stimulus Act As you have probably heard, the recently enacted Economic Stimulus Act of 2008 (Stimulus Act) provided tax rebates for millions of individuals.
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