Author Archives: Carol

From Carol McAtee’s CPA firm in St. Petersburg, FL- 3. Limited Non-business Energy Property Credit Still Available This credit generally equals 10 percent (down from 30 percent the past two years) of what a homeowner spends on eligible energy-saving improvements, … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- 2. Tax Credits Extended Legislation, enacted in December 2010, extended several popular tax benefits, including the American opportunity credit for parents and students, the enhanced child tax credit and the expanded … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- From Roth conversions to changes in reporting capital gains and losses, there were a number of tax changes in 2011. Whether you already know about them or simply need a reminder, … Continue reading →

  McAtee & Associates can help both individual and business taxpayers with all their tax matters. ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- The IRS is giving taxpayers two extra days to get their taxes done this year. The deadline for filing personal Form 1040 tax returns is usually April 15, however the IRS … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- The end of the year is near, but there is still time to consider the following items to save money on taxes or help make things easier in the new year. … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Every year millions of taxpayers overpay their income taxes by overlooking some of the money saving deductions listed below. State sales tax. If a taxpayer itemizes, they have the choice of … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL– IRS statistics show that an increasing number of taxpayers are using software programs to prepare and file their own returns. However, the cost savings may not be worth it. Given the … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL–Now that your 1040 has been filed, the question is: will the IRS come a-calling? Audit letters typically go out 18 months after the filing date of the return. Listed below, are … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL– If you are a taxpayer that works for someone else (other than yourself), you may be able to deduct certain work related expenses you have paid out-of-pocket. However, the rules for … Continue reading →