by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 5, 2012 | Featured
A recent article by Michael Cohn in Accounting Today stated that…”New statistics from the Internal Revenue Service indicate that 20,752 taxpayers with adjusted gross incomes of $200,000 or more in 2009 had no U.S. income tax liability.Those 20,752...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 23, 2012 | Featured
Are you eligible for a deduction?Generally, sole-proprietors may not deduct the cost of health insurance when calculating self-employment tax. However, under the Small Business Jobs Act, self-employed business owners may be able to deduct the cost of health insurance...