Renew yourself for the New Year
By Henry O. Aldana I remember exactly ten years ago when we had just began the year 2001, it was the beginning of a new decade and a new stage of my life. My business was changing and my personal life had drastically changed. The decisions I made ten years ago took me exactly where I am now. I made a few errors in judgment that were very costly and painful, yet very profound because the valuable lessons they left me, but never the less, I also made good decision that made who I am now; but ten years went by very fast. I recall I was...
read moreS-Corporation Election Deadline
I have always reminded my clients who are considering filing taxes as pass trough entity or S corporation to file their form 2553 by March 15. S-Corporations must file by this deadline to receive certain tax benefits. An S-Corporation is beneficial for someone starting a company who wishes to protect their own personal assets and wants to avoid the double taxation of a regular C-Corporation. The advantage here is that the profits and losses from an S-Corporation are passed through to the shareholders to be reported on their individual...
read moreLa importancia de una visión positiva!
Escuche el otro día al pastor Joel Austin decir: Dime lo que piensa y le diré su futuro. Esto es tan veridico en nuestras vidas, lo que pensamos es exacto lo que atraemos.. Dígame qué imagen tiene de sí mismo y le diré su futuro. En definitiva todo lo que usted piensa y cree está completamente conectado con su futuro, si no se visualiza haciendo algo es muy probable que no lo logre. En el caso de las personas con visión negativa, aquellos que no creen ser capaces de alcanzar logros significativos, son muy propensos a atraer más de...
read moreImportant Tax Law Changes for 2010
Important Tax Law Changes for 2010 by Henry O. Aldana The past year congress passed several new tax laws that were intended to stimulated the economy. I am so not sure this laws made an impact on our economy, but what I I am convened is that all this regulations have made the IRS systems delay the filings of the return. Today was the first day, that most tax returns were accepted for electronic filing. At any rate, here are some of the changes that will affect your 2010 income taxes. Taxpayers should make sure they are aware of many...
read moreCheck your IRS refund status with your iPhone & Android!!
Valentines day is also pay day, The IRS will start acepting most income taxes on Monday February 14, 2011. IRS Launches the IRS2Go App for iPhone, Android; Taxpayers Can Check Refunds, Get Tax Information Wow!! Uncle Sam is getting sophisticated on us, as the new generations will only know how to use this smart phones, so will the IRS. By Henry Aldana WASHINGTON — The Internal Revenue Service today unveiled IRS2Go, its first smartphone application that lets taxpayers check on their status of their tax refund and obtain helpful tax...
read moreTen Facts about the Child Tax Credit
Every week, during my radios show, lots of listener call and ask the questions about the child tax credit, here are some of the facts about the child tax credit, however, if you need additional information feel free to call me at 301-770-4901 or call any of our Tax Experts offices at 888-770-4901. The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. Here are 10 important facts from the IRS about this credit and how it may benefit your family. Amount –...
read moreTaxable or Non-Taxable Income?
Every week during my radio show, I get lots of call asking about what is taxable and what is not. Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all. To help taxpayers understand the differences between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items not included as taxable income: Adoption Expense Reimbursements for qualifying expenses Child support payments Gifts, bequests...
read moreTax Benefits for Disabled Taxpayers
ALDANA & ASSOCIATES, PSC, LTD is a boutique Accounting and management consulting firm. WWW.aldanas.com Taxpayers with disabilities and parents of children with disabilities may qualify for a number of IRS tax credits and benefits. Listed below are seven tax credits and other benefits which are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may be entitled to a higher standard deduction on their tax return. Gross Income Certain disability-related...
read moreWhy am I in this world tonight?
Why am I here in this planet? by Henry O. Aldana If you want to make a monumental statement with your life and make a difference in this world, focus your life with purpose. I live my life as if today is my last moment in this planet, on earth, todays is my last day to live and maybe tomorrow I may wake up again. I enjoy my life to the fullest and live with joy, I live as there is no tomorrow. Every day that I wake up, I become more convince that God gave me a special gift to do something greater than myself or for myself; to live my...
read more