Tax Impact – March/April 2010

Posted on: 03/09/2010

Tax Impact – March/April 2010 (PDF)

Peterson Sullivan’s quotes of interest from this season’s tax newsletter:

  1. “IRS regulations establish several objective tests you can apply to determine whether a passive activity qualifies for a deduction…”
  2. “A cash-basis business may be able to claim a bad debt deduction if it makes a business-related loan that becomes uncollectible…”
  3. “When buying a home, the first tax benefits many people think of are the income tax deductions.  But there are other important tax-saving opportunities to consider…”

Peterson Sullivan provides tax, accounting, and business consulting services to a variety of clients including closely held businesses, publicly traded companies, nonprofits, auto dealerships, individuals, and many more. The following individuals lead our Tax Department: Jim Schneidmiller, John Smolke, Al Dunnell, Don Murphy, Chris Ebert, and Jack Pauw.

Please visit our company directory for links to their profiles.

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