Monthly Archives: March 2011

American Opportunity Tax Credit Offers Reduction in College Expenses

From Carol McAtee’s CPA firm in St. Petersburg, FL – The American Opportunity Tax Credit (AOTC) was created in February 2009 as part of the American Recovery and Reinvestment Act. For the tax year 2010, taxpayers with tuition expenses can … Continue reading

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S Corporation Owner Salaries Under Scrutiny

From Carol McAtee’s CPA firm in St. Petersburg, FL –If you operate your business as an S Corporation and pay yourself a salary as an owner-employee, you need to be aware of the increased attention the IRS is giving to … Continue reading

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