Haven’t filed your taxes yet? Well you are in luck. Here are some tax tips to save money and cut your taxes. Non-Business Energy Property Credit. You can cut your taxes and save on your energy bills with certain home improvements. The Non-Business Energy Property Credit is worth 10 percent of the cost of certain qualifying energy-saving items …
taxes
Kent Coxe: Van Osdol & Magruder Tax Attorney
Kent Coxe joined our firm after graduating law school at the University of Iowa College of Law in 1987, making him one of our more tenured senior partners. While an associate, Kent earned an L.L.M. in tax law at the University of Missouri – Kansas City School of Law and now heads our tax practice area. He has extensive experience in tax, …
Offshore Accounts & Investments: No Place to Hide?
For decades, U.S. tax authorities did little to enforce laws on offshore accounts. However, all of that changed in 2010 when Congress passed the Foreign Account Tax Compliance Act, known as FATCA. FATCA requires foreign financial institutions to report information about their U.S. account holders to the Internal Revenue Service. Failing to comply …
The Biggest Little Law Firm® Examines the ‘Fiscal Cliff’
By: Paul Himmelstein If you are unable to tune out the blaring cacophony of 24-hour news stations screaming for your attention, then you have certainly heard about the impending 'Fiscal Cliff'. Without fully understanding all of the complexities, the name itself conjures up images of Wily E. Coyote and Thelma and Louise and you know it …
The Biggest Little Law Firm® Asks “Offshore Accounts and Investments: Safe Haven or Headaches?”
There has been much discussion in today's political climate about the federal government's deficit and increasing debt. Included in any discussion on this topic are two elements - increasing taxes on the wealthy and repatriating and taxing foreign investments and/or offshore accounts. While it is up to Congress to increase taxes on the wealthy, the …
