BA Harris LLP

Year-end Tax Planning

Published on Wednesday, September 26, 2012

As the calendar is drawing to a close in 2012 it marks an unprecedented period of uncertainty for tax professionals and our clients. A host of reduced tax rates, credits, deductions, and other incentives (collectively called the "Bush-era" tax cuts) are scheduled to expire after December 31, 2012 and over 50 tax extenders are up for renewal, either having expired at the end of 2011 or scheduled to expire after 2012. To further complicate matters the impending "fiscal cliff" that has been widely reported adds to the uncertainty we face in making planning decisions. Read More...

The Dreaded IRS Notice

Published on Thursday, July 19, 2012

In an attempt to close the $450 billion tax gap, which is the difference between what is collected and what would be collected if the tax system had 100% compliance, the IRS has initiated a number of different procedures.  Among these procedures is a drastic increase in the volume of IRS notices that it sends to taxpayers. Read More...

What If Your Employer Doesn’t Give You a W-2?

Published on Thursday, February 02, 2012

This isn’t a problem that arises often. When it does, it typically happens to your child. They may have had several jobs during the summer and perhaps the employer didn’t get an accurate address. The business may have failed, which is not unusual in our current difficult economic environment. It can also happen to adults for a variety of reasons. The IRS recently published a “tax tip” dealing with this issue and we thought it was relevant and timely enough to pass it on! Read More...

What would you like to know about Living Trusts?

Published on Monday, January 23, 2012

Trusts often sound like something just for the wealthy but that is not true! Here are some useful facts about Living Trusts: Read More...

FAFSA and 2011 Tax Reporting

Published on Wednesday, January 18, 2012

It’s that time of year again! Not only is it tax season but for those with college bound students it’s FAFSA reporting time! Read More...