Tag Archives: income tax preparation

Tax Tips for Rental Property Owners , Part 1

Certain rental property expenses can be deducted from your rental property income to determine your profit or loss for a given tax year. Continue reading

Posted in deductible rental property expenses, Depreciation, Income Tax, Personal Insurance, property insurance, rental property, rental property improvements | Tagged , , , , , , | Comments Off on Tax Tips for Rental Property Owners , Part 1

Double Dees New Meaning | BrooklynCovered.com

This year, the cost to your employer to provide you with employer-sponsored health insurance (nontaxable, at least so far), is represented by the box 12 amount next to the DD’s. According to Notice 2011-28 in IRS Section 6051 employers are now required to show on each employee’s annual Form W-2 the value of the employee’s health insurance coverage sponsored by the employer. Continue reading

Posted in Income Tax, Income Tax Preparation, W-2 Wage and Tax Statement | Tagged | Comments Off on Double Dees New Meaning | BrooklynCovered.com

Income Tax Refund Memo | Brooklyn Covered

Thank you for giving us more money during this last year than you were required to. Because of your kindness, we were able to use your refund as well as the pending refunds of millions of your fellow citizens to earn interest. We lent money to countries that may or may not pay us back. We even used some of the money to feed people in other countries who hate our way of life, especially since we ‘allow’ women the sacred rights of driving a car, or going for a walk by themselves. Let’s not even talk about the right to vote. Continue reading

Posted in Income Tax, Income Tax Planning, Income Tax Preparation | Tagged , , , | Comments Off on Income Tax Refund Memo | Brooklyn Covered