Category Archives: Income Taxes
CHARITABLE CONTRIBUTIONS
ShareThe IRS has become more and more strict over the last few years regarding what can be deducted for charitable contributions. Here are a few tidbits of information you need to be aware of when planning your charitable contributions and … Continue reading
STATE TAX RATES
ShareForbes magazine published a top ten list of the states with the highest individual income tax rates. Hawaii and Oregon were the winners with the highest rates of 11%. California was number 3 at 10.3 percent. The surprise on the … Continue reading
Home Office Deductions
ShareEconomic conditions often dictate that many of us work out or our homes. This creates an opportunity for a home office deduction which could reduce your tax burden if you qualify for it. Usually the home office deduction applies to … Continue reading
MILEAGE RATES
ShareIf your use a vehicle for business, you must keep track of your mileage. It does not matter if you use actual expenses or the mileage rates. You must still be able to document the vehicle was used for business … Continue reading
Forms 1099 for 2011
ShareEveryone needs to be aware of a few 1099 related issues this year. If you have a business and you paid more than $600 to any individual, partnership, or sole proprietorship during the you must issue a 1099 form to … Continue reading
Year End Tax Planning Tips
ShareIt is getting late in the year and if your income is coming in a little bit higher than you expected you may want some ideas of things you can do to reduce your upcoming income tax liability. There are … Continue reading
Welcome to JohnGalloCPA.com, a full service accountant and tax service
ShareThank you for visiting! We will be adding new content and helpful information to this site. Please sign up for our blog and bookmark us. Thanks for visiting, and we look forward to working with you in the Denver Metro … Continue reading
