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Referrals

Tue, 09 Feb 2010 20:11:42 UT

Local businesses in the Kent area that we endorse!

Referral Sources

Mon, 08 Feb 2010 20:51:31 UT

Tax Court Eases Innocent Spouse Rules

Tue, 17 Nov 2009 19:11:13 UT

Sometimes when a joint return results in liabilities in the form of penalties, tax, and interest, one spouse may be innocent. It used to be that an innocent spouse had only two years to apply for relief in such cases. Now a recent Tax Court decision loosens the restrictions in some circumstances.

Unemployment Can Be Taxing

Tue, 17 Nov 2009 18:06:26 UT

Unemployment can be taxing on the individuals who lose their jobs and on their families. The search for a new job and worries about how to make ends meet can take its toll. Unfortunately, unemployment can be "taxing" in another way.

Taxpayer Requirements for Debt Cancellation or Forgiveness

Tue, 17 Nov 2009 18:00:38 UT

Because of the economic downturn, many individuals are, not surprisingly, finding it harder and harder to pay off their debts. For example, credit card companies recently reported that the default rate for August 2009 was the highest since the start of the recession.

What's New on the 2009 Form 1040

Tue, 17 Nov 2009 17:26:58 UT

While at first glance the 2009 Form 1040 looks pretty much like its predecessors, looks can be deceiving. The American Recovery and Reinvestment Act of 2009 (ARRA) and other law changes taking effect in 2009, have generated a number of new lines and schedules as well as new rules to apply when completing some standard entries.

New Rulings Impact 2009 Form 1040

Tue, 17 Nov 2009 17:21:16 UT

The biggest tax story of 2009 is, of course, the American Recovery and Reinvestment Act of 2009, the economic stimulus law enacted in February of 2009.. The new law has resulted in major changes on the upcoming Form 1040.

A New Beginning

Thu, 22 Oct 2009 20:53:05 UT

We'll bring all your books up-to-date. We'll talk to the IRS for you. You'll never be at war with your money again.

IRS to Shut Down

Tue, 20 Oct 2009 22:34:21 UT

The IRS also has a YouTube channel (http://www.youtube.com/irsvideos), featuring videos produced by the IRS on various tax topics. The videos are available in English, Spanish, American Sign Language and other languages. And those of you who prefer audio can download podcasts from the IRS's iTunes site. If you don't have an iTunes account, you can hear the same podcasts, in English and Spanish, on the IRS Multimedia Center.

Tax Planning is better for you than simply doing tax returns

Tue, 20 Oct 2009 20:31:13 UT

Many of you may live from one return to the next, at least as far as taxes are concerned. For eleven months out of the year, taxes are the last thing on your mind.

Is 2010 the 'Year of the Roth'?

Tue, 20 Oct 2009 20:18:34 UT

The decision to roll over traditional IRA savings into a Roth IRA will depend on an analysis of many factors (the client's age, amount of IRA savings, retirement income needs, etc.( as well as some crystal-ball gazing (how will the up-front tax on the conversion compare to the future tax on traditional IRA distributions?)

Check-the-box rules, and the IRS

Tue, 20 Oct 2009 20:12:55 UT

Under the IRS's check-the-box rules, a partnership can elect out of partnership tax treatment and choose instead to be treated as an association taxable as a corporation [Reg. § 301.7701-3(c)(1)(i)]. Alternatively, state law may provide for a formless conversion of a partnership into a corporation without an actual transfer of partnership's assets or interests to a new corporation.

Doing the Cleanup When You Lose Independent Contractor Status

Tue, 20 Oct 2009 20:06:15 UT

At a recent IRS National Phone Forum, an IRS representative said that "one of the biggest tax challenges for companies is determining whether workers are employees or independent contractors."

Privacy Policy

Fri, 16 Oct 2009 21:43:20 UT

The information collected by GK Financial Services is aggregated and used in accordance with the Gramm-Leach-Bliley Act

You'll be more wealthy when you partner with us

Thu, 15 Oct 2009 21:41:10 UT

If you partner with us, you'll reduce your tax liability, save money on eliminated bank charges, understand your financial situation and you'll no longer worry about money.