AZ CPA - Gerald L. Kramer Tax Preparer

KEEPING THE BOOKS IN ORDER FOR TAXES

Arizona CPA Getting Books in Order for Tax Preparation

Arizona Employee Sanctions

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THE ARIZONA CPA DOES:

Tax Preparation
Accounting
Financial Planning

Providing Personalized Service
above and beyond the norm.

Preliminary Comments on Energy Tax Credit

by Gerald Kramer
The following intems are items I have gleaned from various synopses of the Energy Act of 2005.
Residential Credit:

30% of the amount paid for Photo voltaic property (Maximum Credit $2,000)
30% of the amount paid for qualified solar waterheating property
(Maximum Credit $2,000.)
30% of the amount paid for qualified fuel cell property ($500 per .5 KW)

The vehicle credits are based on various factors including the type of technology used, the weight of the vehicle, fuel economy, and emission control.

Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003 and are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.

Quotes

"Taxes are like mothers, seldom understood... but never forgotten!"
- Anon

"All the Congress, all the accountants and tax lawyers, all the judges and a convention of wizards cannot tell for sure what the income tax laws say."
- Walter B. Wriston, former chairman and CEO of Citicorp

"The first nine pages of the Internal Revenue Code define income; the remaining 1,100 pages spin the web of exceptions and preferences."
- Warren G. Magnuson, former chairman of the Senate Committee on Appriations

Arizona Employee Sanctions

THE ARIZONA CPA DOES:

Preliminary Comments on Energy Tax Credit

HSAs Health Savings Accounts