When preparing to sell a home, there are a few things to keep in mind.  The first one is that if you sold your main home in 2006, you may be able to exclude any gain up to $250,000 if your filing status is single, head of household or married filing a separate return.  If you are married and are filing a joint return, you may be able to exclude any gain up to $500,000.

The SEC and the PCAOB are making significant changes to both Sarbanes/Oxley and AS2 (Auditing Standard 2). What is due when and by whom? Here's the info you need.

There is a new deduction available for home mortgage insurance premiums paid or accrued after December 31st, 2006 and before January 1st, 2008.  This item will be included as mortgage interest on your individual income tax return.

SS&C is striving to become the leader, amongst our profession, to offer online CPA services.  We have a number of offices available to serve you; but we can also perform professional services, nation-wide, through our secure portal system.

Generally, a corporation must make installment payments if it expects its estimated tax for the year to be $500 or more. If the corporation does not pay the installment when it is due,  the Company may be subjected to an underpayment penalty.

When to pay estimated tax?

We encourage you to start your search, here, at SSCcpas.com!

We are constantly adding articles, FAQs, and researched issues to our website. Simply type your keyword in the search box above (upper right) and press "Enter".

If we do not currently have what you need here; please drop us a line, and we'll address your request ASAP!