Taxes

• Tax Planning
• Charitable Giving
  All Charitable Contributions require evidence: IRS is very strict with substantiation requirement for charitable contribution deduction. Make sure you keep receipts, acknowledgment letter, etc. For this purpose, if you donate cash, write a check.
• Estate Taxes
• IRS Representation
  Mr. Anderson is the founder of L.J. Anderson Tax & Financial Services, has provided reliable accounting and tax practices since 1980, and added financial service in 1992. With professional license of Enrolled Agent (licensed by the federal government), his areas of expertise include tax preparation, taxpayer representation before the IRS and other government agencies, tax-related problem solutions, tax-reduction strategies, and computerized accounting systems.
• Tax Services
• Roth IRA
  Roth IRA conversion: A conversion to a Roth IRA in 2010 is allowed regardless of income and filing status. However, a rollover itself is taxable unless attributable to after-tax contributions.
• Real Estate Taxes
  — An additional standard deduction for those who don’t qualify to itemize their tax deductions, but who do pay state or local real estate taxes. This deduction is still available for 2009.
• Tax Deductions
  — Only to 2009, taxpayers will be allowed to deduct the sales tax paid on the purchase cost of a new motor vehicle, up to a cost of $49,500 ($24,750 if filing married separate), even if they don’t itemize deductions.
• Income Tax
  — For 2009 only, there is no federal income tax on the first $2,400 of unemployment benefits. However, the balance is taxable. The benefit of this provision depends upon your tax bracket.

Investment

• Mutual Funds
  Brokerage Form 1099 due is Feb 15: Your brokerage company will issue Form 1099 by February 15. Broker reporting of cost basis in 1099-B includes sales of mutual fund shares acquired after 2011. In case you received a revised/corrected 1099 statement, please immediately provide the new information to us. For capital gain calculation, please obtain Gain/Loss statement, if not included in your 1099.

Accounting

• Accounting Services
  L.J. Anderson Tax & Financial Services offers a full range of taxation and accounting services. Count on caring, personalized service from our team of Enrolled Agents, federally-authorized tax professionals.
• Payroll Services

Planning

• Financial Planning
• Retirement Planning