Need to Know

In an effort to keep you up to date on current tax and financial developments we will present a timely summary of the latest information that we believe will have the greatest impact to you and your business.

If you have any ideas for future updates, we would like to hear from you.

American Recovery and Reinvestment Tax Act of 2009

Individual Tax Breaks in the American Recovery and Reinvestment Tax Act of 2009

Tax Planning

Hiring Incentives to Restore Employment (HIRE) Act
Kiddie Tax Age Limit Change
Beware the AMT trap for the hybrid vehicle tax credit
Tax aspects of divorce
Tax Credits for Homeowners
New Rules and Tax Form for Qualified Vehicle Donations

Tax Planning: Health Care

Health Reform Legislation

Payroll Taxes

Philadelphia Wage Tax Rate reduction effective July 1, 2010

New Key Numbers for 2010

All the numbers you need in one place including maximum retirement contributions including IRAs, standard mileage reimbursement, tax rates, estate and gift tax thresholds and more. Print this reference chart for use throughout the year.

New: Mileage Rate Decrease effective January 1, 2010

Retirement Planning

Required minimum distributions reinstated for 2010
Lifetime required minimum distributions from traditional IRAs for clients age 70 and above
When to Start Social Security Benefits

Higher Education Planning

Saving for and paying for a Higher Education

Business Planning

Entity Selection for the Business Owner

Estate Planning

Do you need a Life Insurance Trust

Recordkeeping

Retention of Tax Records

Credit Report

Secure your privacy by monitoring your credit status: Get a Free Copy of Your Credit Report

Homeowners

Is it Time to Refinance?

Bassman, Laserow & Company, PC
1250 Virginia Drive, Suite 100
Fort Washington, PA 19034
voice: 215.628.0420
fax: 215.628.3461
email: Bassman, Laserow
print: driving directions