Alliance Tax Service

Welcome to the Alliance Tax Service blog. Our company provides in person and online tax preparation services for our clients. In addition, we offer payroll and bookkeeping services. Feel free to look through our posts and add your own comments as you see fit. Visit our website at http://www.alliancetaxservice.com for more information.

Friday, January 8, 2010

Savings Bonds as a form of your tax refund.

Buying Savings Bonds This year, a taxpayer for the first time can request a portion of his refund be used to buy up to $5,000 in low-risk,...

Thursday, January 7, 2010

Looking for the status of your income tax refund?

If you are looking for the status of your IRS tax refund, click here

Thursday, November 12, 2009

2009 First Time Homebuyers Credit - Extended

The $8,000 credit is extended for purchases made before May 1, 2010.

New $6,500 Credit for Existing Homeowners

A taxpayer is eligible for a credit up to $6,500 ($3,250 if separate returns are filed) provided the taxpayer (and if married, the taxpayer’...

Monday, September 7, 2009

Vehicle Expenses for Business Use

It is a misconception that you may deduct the full cost of a passenger vehicle if you use it in your business with no restrictions. Utility ...

Converting Traditional IRA's to Roth IRA's

Caution: If you convert your regular IRA to a Roth, watch out for this payout quirk. You can be hit with a 10% penalty on withdrawals in th...

NEW - FSA's, HSA's, and HRA's

A new restriction … no more using Flexible Spending Accounts, Health Savings Accounts, or Health Reimbursement Arrangements to pay for any o...

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