Author: Gregory J. Cook, EA, CPA
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What Happens to Your Tax Refund in a Debt-Ceiling Stalemate?
Expecting a federal tax refund? Perhaps you should hurry up and file. As House Republicans struggle to coalesce around a strategy for embracing an increase to the nation’s $17 trillion-plus debt ceiling so the nation can keep paying its bills, Democrats on the Ways and Means Committee are floating a new bogeyman if the delay…
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Energy Property Credits for 2013
Non-business energy credits expired in 2011, but were extended (retroactive to 2012) through 2013 by ATRA. For 2013 (as in 2011 and 2012), this credit generally equals 10 percent of what a homeowner spends on eligible energy-saving improvements, up to a maximum tax credit of $500 (down significantly from the $1,500 combined limit that applied…
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Simplified Home Office Deduction
Starting with their 2013 tax return, taxpayers who claim deductions for business use of a home (“the home office deduction”) now have another option. Taxpayers claiming the home office deduction are generally required to fill out a 43-line form (Form 8829) often with complex calculations of allocated expenses, depreciation and carryovers of unused deductions. Taxpayers…
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Schedule Your Appointment Online
Rather than calling, simply click the appointment link at the top of any page on our website. It’s simple, easy and faster than calling! Select your desired Accountant and the date and time. That’s it. You will receive a confirmation email and an email reminder of your appointment on the day before your scheduled visit.…
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2014 Tax Changes for Individuals
Filing Season Delayed by 10 Days Taxpayers should note that the 2014 tax season opens on Jan. 31, 2014. In most years, the filing season opens on Jan. 21; however, due to the 16-day government shutdown that took place in October 2013, the filing season is delayed by 10 days this year. No returns, paper…
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Our Monthly Newsletter
Our redesigned and reformatted tax newsletter was launched in the first quarter of 2012. See what all the fuss is about. This newsletter is intended to provide generalized information that is appropriate in certain situations. The contents of this newsletter should not be acted upon without specific professional guidance. Click on the Newsletter Subscribe link…
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Client Portal
Did you know that you can receive your “keep copy” of tax returns through our secure portal? We encourage all clients to register to use the portal. It’s secure, easy and free! Store and access your important financial documents at cookco.us. As a valued client, you get a secure, password-protected portal to store and access…
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Tax Season Hours
We go on extended Tax Season Hours beginning Saturday, February 1, 2014. During Tax Season (Feb 1-Apr 15) we are open 8:00 am to 8:00 pm Monday – Friday and 8:00 am to 5:00 pm on Saturdays. Greg