Happy Tax Season!
We hope that 2014 is treating you well.
Spring is here and the due dates are flying by. We are enjoying this tax season as ever before. The new capitalization rules have us a little busier than usual. Certainly one can decide to apply them for the year 2014, but others may want to apply them in 2013 depending on the benefit. In the past when we asked some questions, some clients looked at us like why is that relevant in the preparation of my tax return. With the new regulations, clients are going to look at us wondering if we have lost our minds!
If you are having issues understanding the new capitalization rules, you are in good company. Let's get together and enjoy the company!
Please feel free to click on the links provide here on the right side of the screen for updated information and the new tax rates.
Thank you to all our clients and friends for their referrals.
Julia Chong, CPA