Bunting tripp & Ingley - certified public accounts

Oops, need to change your income tax return?

Having second thoughts about your tax return? Realize you forgot to include something important? [more]

It’s enough to scream about

An 1895 version of the painting “The Scream” by Edvard Munch recently sold for a record-shattering $120 million at a Sotheby’s auction in New York. The seller of the piece, a Norwegian businessman, will undoubtedly be paying a hefty tax on the sale. [more]

When is a partnership not a partnership?

Here is yet another case that emphasizes the importance of being careful when using a family limited partnership as an estate planning tool. [more]

Like-kind exchange questioned by Tax Court

An investor’s intent may not always be obvious, but recently a couple’s activities helped clarify their decisions for the Tax Court. [more]

Health savings account limits released for 2013

The IRS has provided the annual inflation-adjusted contribution, deductible and out-of-pocket expense limits that will apply to health savings accounts for 2013. [more]

Job hunting? Don’t overlook tax deductions

With some parts of the economy starting to pick up, more people are in the market for a new job. [more]

Five airline headaches to avoid

Lost luggage. Getting stuck on the tarmac for hours. Unexpected flight changes. Missed connections. [more]

Spreadsheet can help in analyzing budget

Having trouble keeping up with all the funding sources and expenses included in your nonprofit budget? [more]

Rent a cow: How some Floridians lower their taxes

The Atlantic Monthly recently took note of a Florida law designed to preserve farmland by offering lower property taxes to farmers. [more]

U.S. Supreme Court sides with the taxpayer – but debate may continue

The U.S. Supreme Court has handed down its final verdict on whether the IRS will have six years to consider assessing additional taxes on the gain from a sale. And the taxpayer won. [more]

Oops, need to change your income tax return?

Having second thoughts about your tax return? Realize you forgot to include something important? [more]

It’s enough to scream about

An 1895 version of the painting “The Scream” by Edvard Munch recently sold for a record-shattering $120 million at a Sotheby’s auction in New York. The seller of the piece, a Norwegian businessman, will undoubtedly be paying a hefty tax on the sale. [more]

When is a partnership not a partnership?

Here is yet another case that emphasizes the importance of being careful when using a family limited partnership as an estate planning tool. [more]

Like-kind exchange questioned by Tax Court

An investor’s intent may not always be obvious, but recently a couple’s activities helped clarify their decisions for the Tax Court. [more]

Health savings account limits released for 2013

The IRS has provided the annual inflation-adjusted contribution, deductible and out-of-pocket expense limits that will apply to health savings accounts for 2013. [more]

Job hunting? Don’t overlook tax deductions

With some parts of the economy starting to pick up, more people are in the market for a new job. [more]

Five airline headaches to avoid

Lost luggage. Getting stuck on the tarmac for hours. Unexpected flight changes. Missed connections. [more]

Spreadsheet can help in analyzing budget

Having trouble keeping up with all the funding sources and expenses included in your nonprofit budget? [more]

Rent a cow: How some Floridians lower their taxes

The Atlantic Monthly recently took note of a Florida law designed to preserve farmland by offering lower property taxes to farmers. [more]

U.S. Supreme Court sides with the taxpayer – but debate may continue

The U.S. Supreme Court has handed down its final verdict on whether the IRS will have six years to consider assessing additional taxes on the gain from a sale. And the taxpayer won. [more]

BTI’s 2011 Soccer Season comes to a close.

For the third year in a row, Bunting, Tripp & Ingley, LLP, has had the pleasure of sponsoring a Lake Wales Soccer Club Team. The team finished the Fall 2011 soccer season 4 and 4. The kiddos from Team BTI showed a lot of growth this season and dispite not having a perfect season had a lot of fun! [more]

Does your business have untapped sources of income?

While managing expenses is extremely important in this economy, it’s also critical to look at the other factor in the profitability equation – increasing revenues. Revenues drive your business, and your products and services drive your revenues. [more]

Taxpayers making charitable gift escape accuracy penalty

In a recent Tax Court case about a charitable contribution deduction for a conservation easement, the IRS challenged the taxpayers’ valuation and assessed an accuracy-related penalty. [more]

More time allowed to claim tax credits for hiring veterans

Employers will have more time to file the required certification form for employees hired on or after Nov. 22, 2011, and before May 22, 2012. [more]

Foreign financial institutions must report U.S. accounts

The Treasury Department and the IRS have issued proposed regulations for implementing the next major phase of the Foreign Account Tax Compliance Act. [more]

Remember your children at tax time

You love your children. You’d fling yourself in front of a speeding locomotive to protect them. [more]

Budget proposals could affect businesses, individuals

Last week President Obama released his federal budget proposals for fiscal year 2013. [more]

Guard your refunds – Identity theft lurks

You have plenty of reasons to speed up the process of filing your individual tax return. The primary reason has always been that, if you’re expecting a refund, you shouldn’t wait any longer than necessary to receive it.

Add identity theft to your reasoning this year. [more]

Deductions, phaseouts change for 2012

Because of inflation, personal exemptions and standard deductions will rise, and tax brackets will widen, for tax year 2012.

[more]

Find more tax-exempt info at new IRS site

Three Internal Revenue Service online search sites that show the federal tax status of tax exempt organizations have been consolidated into one site by the IRS. [more]

Eighteenth century England took its hat tax seriously

Most Americans are well aware that our founding fathers were not too keen on the taxing policies of the British government. [more]