Keith Boyer CPA's Blog

Topics and tips about accounting, taxes, business to personal finance and more!

Solar and other energy-efficient tax credits

Part of the Bipartisan Budget Act that was passed earlier this year included an extension of tax credits for energy-efficient upgrades to your home.  Here are some of  the home improvements that qualify for a tax credit. Remember, these are tax credits, not tax deductions. In other words, you are actually receiving the full dollar for dol...
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IRS Correspondence? No problem. We get the job done!

I am pleased to announce we were able to get approximately $40,000 in late filing and late penalties abated for a client, a process which took nearly 18 months. Carefully articulating the circumstances, getting the taxpayer current, and patiently working the IRS, paid off. We have had great success throughout the years handling tax collection cases...
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It an't just beans!

The tax code is often difficult to interpret and apply to client situations. We recently had a situation where conflicting information on a client's Schedule K-1 led to differences of opinion as to taxation related to the Affordable Care Act (the Net Investment Income Tax). Our tax research, with a little help from the tax  preparer of the K-1...
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Sending your child to summer camp may provide tax savings

  When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax credit! Dollar-for-dollar savings Day camp (but not overnight camp) is a qualified expense under the child and dependent care credit, which is worth 20% of qualifying...
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