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HORNE Tax Alert

HORNE's 2009-2010 Tax Planning Guide

HORNE's 2009-2010 tax planning guide provides year-round strategies to make the tax laws work for you.

Tax planning guide topics include:

Tax Planning Basics

  • 2009 individual income tax rate schedule
  • AMT triggers: state and local income taxes, capital gains & tax-exempt interest on certain private-activity municipal bonds

Investing

  • How to deal with capital losses
  • Tax rates and timing

Real Estate

  • Home-related tax breaks
  • Home rental rules
  • Defer gains on investment property

Business & Executive Comp

  • 2009 corporate income tax rate schedule
  • Section 179 expensing election
  • 50% bonus depreciation
  • Cost segregation study
  • Defer income to next year
  • Tax credits

Family & Education

  • Child related tax breaks
  • 529 college savings plan
  • Roth IRAs

Charitable Giving

  • Keep it simple donate cash
  • Make the most of stock gifts
  • 2009 charitable contribution limits

Retirement

  • Max out your retirement plan
  • What are your options if you own a business
  • Tax-free opportunities
  • Roth conversion

Estate Planning

  • Gift and estate tax exemptions
  • Annual gift tax exclusion
  • Trusts

The 2009 - 2010 tax planning guide is available online through April 15, 2010.

HORNE's tax team is ready to help you plan for 2009-2010. For more information, please contact your HORNE advisor or local HORNE office.

 



Links


News

IRS encourages taxpayers to e-file, Deadline to File Your Tax Returns is April 17
The Internal Revenue Service on Tuesday began accepting e-file and Free File returns for the 2012 tax-filing season. Taxpayers have until April 17 to file their 2011 returns and pay any tax due because April 15, the usual tax filing deadline, falls this year on a Sunday.  

HORNE Tax Alerts
View up to date tax information from HORNE's tax team

Mississippi Taxpayer Access Point (TAP) Notice
Mississippi Department of Revenue has issued an important notice that was mailed on October 20th, 2011 concerning its new online Taxpayer Access Point (TAP).   The notice informed each applicable taxpayer of their online account identification number.   The taxpayers receiving this notice include those subject to Corporate and Franchise Tax, Pass-Through Entity Income Tax (such as Partnership, S-Corporation and LLC), Gaming Taxes and Fees, Insurance Premium Tax, Finance Privilege Tax, and Beer/Tobacco taxes.

Events

Annual Tax Update
January 26, 2012: Jackson, MS-HORNE tax professionals will present a state and local tax update and an employment tax update at this joint meeting of Association of Government Accountants and American Society of Women Accountants.

Printed from www.horne-llp.com. In compliance with IRS Circular 230, any statements or tax advice which are contained on this Web site are not intended or written to be used and cannot be used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer.