How “Qualified” are your relatives?

By elitecpas | March 23, 2012 | Comments Off on How “Qualified” are your relatives?

  One of the tests to claim a dependent is that the person must be a qualifying child or relative.  Like most things with IRS, the meaning of their terms is never simple.  Here are some of the tests used to qualify your dependent as a write-off. Tests To Be a Qualifying Child Tests To…

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How to keep score in 2012

By elitecpas | January 26, 2012 | Comments Off on How to keep score in 2012
2012 deduction amounts

Congress has once again adjusted the dollar amount of allowabe mileage,social security limits,estate rates, and a host of other deductions. Here’s a handy scorecard for 2012.  

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