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New Features On the Tax Guru's WebSite + Other News
Updated the
Section 179 page for 2008 Economic Stimulus Act. (5/5/08)
Added 2008 IRS standard business mileage rate to
Quick Reference page. (11/28/07)
Modified Section 179 limits on Sec 179
and QuickRef pages to comply with new legislation
signed into law on 5/25/07. (5/26/07)
Added copy of
the handout for my 1/25/07 speech to the Tri-Lakers Board of Realtors in
Branson. (1/20/07)
Added examples of items qualifying and not qualifying for
Section 179 from
QuickFinders. (8/24/06)
Updated Section 179 maximums for
2008 and 2009 per recently 2006 Tax Act. (5/17/06)
Due to problems with the reliability of the XDrive service, I uploaded the
MP3 seminar files to a new folder on this website and added links
to download them directly. (4/29/06)
Added more photos of Kerry on his Yamaha street bike.
(1/14/06)
Added a page with my comments and observations about the newest
QuickBooks 2006 programs. (11/19/05)
Added warning for crazy people who may want to rely on just this info for
setting up corporations without consulting with
professional tax advisors. (10/28/05)
Recording of Kerry's seminar on tax free real estate sales is now available
as a free MP3 download. (10/18/05)
Added photos of Kerry on his Yamaha street bike.
(7/22/05)
Updated estate tax rate schedule for estates
created during 2005. (2/19/05)
Added useful tables from QuickFinders
regarding deductions for business meals, entertainment & travel costs.
(2/1/05)
Added link to
Kerry's review of the new crappy QB Simple Start program to main
QuickBooks page. (12/14/04)
Updated Fee Schedule for increased billing
rate for Kerry, effective 1/1/05, (12/04/04)
Added info & link for uploading files to Kerry's
MyDocsOnline account. (11/12/04)
Updated Section 179 info for new
tax law. (10/22/04)
Added more info on how to file for
additional extensions to file 1040s. (10/15/04)
Added new page with 2005 Federal tax
rates and related info. (9/24/04)
Added info on selling vacant land as part of tax
free residence sale. (9/11/04)
Added direct links to blog articles about
Section 179 deductions. (8/20/04)
Expanded instructions on how to
send
QuickBooks files. (8/19/04)
Notice: Until
further notice, we are currently not accepting any new tax clients. We have far
too many paying clients, as well as dozens already on a waiting list; and it
wouldn't be fair to the existing clients to take on any more projects until I am
caught up with their work.
Unfortunately, we don't have a network of similarly minded CPAs to whom we could
refer you; so you will need to find someone on your own. (5/3/04)
Added a page explaining how our tax return
organizers work. (4/6/04)
Added a section on news about my
family members, including a more reliable copy of the recent
newspaper article on my dad. (2/23/04)
Reminder for those sending us Quicken or QuickBooks data file:
Please send the entire time period
covered by the data file. Do not try to limit it to cover any specific
time period. We will work with the appropriate dates as needed. (2/2/04)
Uploaded more useful PDF worksheets (1/27/04):
Uploaded a
PDF five-page worksheet for documenting non-cash donations. (1/21/04)
Added description of how to restore from
QuickBooks backup files. (12/4/03)
Uploaded zipped versions of Intuit's official training guides for
QuickBooks 2004 and 2003. (11/10/03)
Guidance on how to handle loan origination
costs on tax returns. (10/13/03)
Posted new pdf QuickBooks user guide,
99 Power
Tips (9/24/03)
Added new page with 2004 Federal tax
rates and related info. (9/19/03)
Updated Section 179 page for new limit
for 2004. Added explanation of phase-out and qualifying assets. (9/19/03)
Added info on gift taxes and links to the
actual gift and estate tax forms. (6/15/03)
Updated 2003 tax rate schedules to
reflect new law. Added info at bottom of page on new special rates for
dividend income and long term capital gains. (5/24/03)
Added link to
online SS-4 to obtain FEIN (5/9/03)
Sherry has been quickly learning how to work
with the QuickBooks and Lacerte programs; so her billing rate will now be $75 per hour,
effective as of today, 5/7/03.
Added a Quick Reference page with commonly needed
info, such as IRS mileage rates. (5/7/03)
Clarified that a QuickBooks
class should not be set up on corporate books for "Personal." (5/7/03)
Why QuickBooks should be used by
everyone, including for personal info. (3/13/03)
Added info on selecting the proper
version of QuickBooks to use and clarification on how to use the
training materials. (2/26/03)
Added info on QuickBooks
Online Service (2/18/03)
We are cutting back on the number of clients we will work with based on
various criteria. (2/8/03)
IRS safe harbors on tax free primary
residence sales. (12/24/02)
Added info on newly developed programs to
allow transfer of data between QuickBooks file and combine data from several
QuickBooks files into one. (12/22/02)
Due to various reasons (including a major rate increase by MCI), we have
decided to discontinue our 800# service to our main office. Our main phone
line continues to be 870-553-2559. (11/25/02)
Updated Client section in preparation for
upcoming tax season. (11/10/02)
Recent letter to clients on how we are
making the tax return process more efficient for all of us. (11/8/02)
Posted the 3/3/93 San Jose Mercury article
about my bringing lambs to the office during tax season. (9/24/02)
Why I don't think it's a good idea for clients to use
electronic filing for income tax returns
(9/14/02)
New Fax Number: Due to reliability problems with MCI's 800# service,
we had to drop it. Our direct fax line is still 870-553-2599
Sending E-Mail:
Address: The Bigfoot For Life service turned out to be based on
Bigfoot's short life rather than mine. Messages sent to the old BigFoot
address will probably not reach me. The best one to use is
KMKCPA@TaxGuru.org
Subject: It is also important that a clear description be included in
the Subject line of all emails. Due to the huge volume of incoming email,
most of which is spam & other garbage, a filter is being used that automatically
deletes any message with a blank Subject line.
New recording of live seminar on tax free real estate sales is ready
for purchase (6/26/02)
Updated & expanded explanation of rules for sales
of primary residences. (5/26/02)
2002 Tax Rates for
individuals have been posted (12/27/01)
Updated the estate tax exemption amounts
based on the 2001 tax law. (9/16/01)
Indexing capital gains taxes
for inflation and the hope that Pres. Bush doesn't wimp out as his father did on
this issue. (9/9/01)
The Smoking Gun blows the lid off of several
charitable foundations established by celebrities. (8/18/01)
Added links to two sites that have fast
inflation calculators. (8/18/01)
Added several details on how to send
info, including data files, to us. (7/5/01)
Some pictures of me at
Turpentine Creek with a young
African lion, a young tiger and a full grown mountain lion. (6/6/01)
A two minute section of NPR's Morning Edition show from 4/18/01 discussing
IRS late penalties. In RealPlayer
format. In MP3
format.
My infamous poster equating tax legislation
with the digestion of an apple pie. (3/12/01)
Added good resources for investigating
tax protestor schemes (2/28/01)
Posted KMK's professional resume (2/3/01)
Merged FAQs into main body of site (12/26/00)
This page was updated:
Monday, May 05, 2008 08:44 PM
Ozarks Time by KMK
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