Welcome to Assured Tax
Assured Tax is a full service tax accounting firm specializing in Federal and State income tax preparation for individuals and businesses.
We are here all year to help you with your personal, Corporation, S-corp, LLC and partnership taxes - including all state returns.
We are here all year to help you with your personal, Corporation, S-corp, LLC and partnership taxes - including all state returns.
Bill has retired from SPD!
Now he'll really work for a living!
Congratulations to Bill for finally retiring, as a Commander, from the Scottsdale Police Department . Now he has an opportunity to grow some facial hair - YIPES, he tried...
To celebrate his new found freedom, we are remodeling the office to provide him a place to do some "real work"! He now has a place to call his own - sort of. He's got plenty of windows to make sure that he's not just scheduling hunting trips to Minnesota.
Judging from past performances, all animals will have nothing to fear.
If you get a chance, give him a quick email of congratulations: Bill@AssuredTax.com
To celebrate his new found freedom, we are remodeling the office to provide him a place to do some "real work"! He now has a place to call his own - sort of. He's got plenty of windows to make sure that he's not just scheduling hunting trips to Minnesota.
Judging from past performances, all animals will have nothing to fear.
If you get a chance, give him a quick email of congratulations: Bill@AssuredTax.com
I bet you didn't know but....
Food purchases can be a tax deduction!
sort of...
Now here is the fine print.
The tax courts have allowed the extra cost of special food over the cost of a normal diet when prescribed by a doctor to alleviate a specific medical condition.
However, there has to be a prescribed diet by a medical professional. It's not a suggested diet nor one prescribed by your local bartender. The prescribed diet must be for a medical condition, not for a religious or personal choice.
More and more people are being diagnosed with Celiac disease where patients must follow a gluten-free diet.
If you or one of your dependents has celiac disease and you itemize your deductions, the extra costs due to gluten-free dietary restrictions may be taken as a medical expense.
Click this link to reach the Celiac Disease Foundation information on this tax deduction including tax worksheets!
TAX DEDUCTIONS FOR CELIACS
The tax courts have allowed the extra cost of special food over the cost of a normal diet when prescribed by a doctor to alleviate a specific medical condition.
However, there has to be a prescribed diet by a medical professional. It's not a suggested diet nor one prescribed by your local bartender. The prescribed diet must be for a medical condition, not for a religious or personal choice.
More and more people are being diagnosed with Celiac disease where patients must follow a gluten-free diet.
If you or one of your dependents has celiac disease and you itemize your deductions, the extra costs due to gluten-free dietary restrictions may be taken as a medical expense.
Click this link to reach the Celiac Disease Foundation information on this tax deduction including tax worksheets!
TAX DEDUCTIONS FOR CELIACS
I got this 1099-C, Cancellation of Debt for my rental
- is a foreclosure or short sale different?
- is it taxable?
- even if it is, can I get out of paying?
- should I care? You'll take care of it!
Short sale or foreclosure, you still have a debt
With so many strategic and not-so strategic foreclosures as well as short sales on both personal residences and rental properties, your friends the mortgage lenders are providing cancellation of debt forms to their former clients.
We get many calls and emails wanting our opinions on what course to take on client's upside-down mortgages. Each client has differing circumstances so we hesitate to give standard, one size fits all answer - because it doesn't.
What is common are the 1099-A (acquisition of the real estate) and 1099-C (cancellation of debt) forms that are issued. We have a couple of technical articles that may help with the taxable vs non-taxable aspects of discharged real estate loans from rental properties. They are meant to be thought provoking and a reference rather than being able to answer every question. So, we still expect phone calls and emails about this stuff!
Articles from National Association of Tax Professionals & EA Journal
We get many calls and emails wanting our opinions on what course to take on client's upside-down mortgages. Each client has differing circumstances so we hesitate to give standard, one size fits all answer - because it doesn't.
What is common are the 1099-A (acquisition of the real estate) and 1099-C (cancellation of debt) forms that are issued. We have a couple of technical articles that may help with the taxable vs non-taxable aspects of discharged real estate loans from rental properties. They are meant to be thought provoking and a reference rather than being able to answer every question. So, we still expect phone calls and emails about this stuff!
Articles from National Association of Tax Professionals & EA Journal
Tax Changes that you really ought to know about....
Just when you thought that there will be changes to your 2011 taxes and the rug has been pulled out from underneath you, well it was and then put back - sort of....
Check here for another exciting version of "As the Tax World Turns"
Tax RUMORS
There has been a boat-load of rumors of tax issues being circulated by emails. Some are true, some are close to the truth but some are absolutely false. We've received some of the emails as well and have been flooded with questions from you about the rumors.
We are glad that you're asking! Here's are take on them. PLEASE CLICK HERE!
We are glad that you're asking! Here's are take on them. PLEASE CLICK HERE!
Owed $?? Fix your Fed & AZ withholding!
The Fed withholding process is stink on ice, but AZ has a process that makes sense! The state of Arizona, really? How could that be?
Please check out the Fed & AZ withholding
Please check out the Fed & AZ withholding
Contact us!2024 S. Don Carlos, Suite B
Mesa, AZ 85202-6357 One block east of the Price Road / 101 Freeway 1/2 block south of Baseline Road just behind "J'z Market 480/ 897-0450 fax: 480/ 897-0452 Eric Dermer email Eric Bill Wilton email Bill |
IRS Circular 230 Disclosure
To ensure compliance with requirements imposed by the IRS, we inform you that the federal tax advice (if any) contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
To ensure compliance with requirements imposed by the IRS, we inform you that the federal tax advice (if any) contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
