Natalya Attestatova, CPA

April 19, 2010

The new law allows most taxpayers to exclude canceled mortgage debt income of up to $500,000 on their principal residence. The limit is $250,000 for married/registered domestic partner individuals filing separately. It applies to debt forgiveness in 2009 through 2012 resulting from a foreclosure, "short sale," or loan modification of a taxpayer’s qualified personal residence.

March 17, 2010

The IRS updated its 2010 "dirty dozen" scams. As usual, beware of any email stating that its sender is the IRS. The IRS will NEVER contact you by email. Read more here.

February 18, 2010 

The IRS has published the updated calendar with various due dates. It has proven to be very useful for small businesses. You can access it here.

February 3, 2010

We now utilize NetClientCS to provide secure exchange of information between our office and our clients - learn more at the "Client Portals" page.