The Sunderland Group Professional Business and Tax Services for Small Businesses, Business Owners, Individuals. Certified QuickBooks consultant.

What Is the Alternative Minimum Tax (AMT)?
As an individual taxpayer, you are subject to two tax systems, the regular income tax and the alternative minimum tax (AMT). You are liable for the larger, and only the larger, of the two taxes.

The IRS Provides Relief for Retired Investors
A corporate downsizing, cutback, or layoff may have forced you into early retirement and made it necessary to begin taking distributions from your IRAs. It's important to understand the tax ramifications.

Retirement Plan Distributions Made Before Age 59-1/2

Don’t Forget the Holding Period Rules for Qualified Dividends
Qualified dividends are now taxed at no more than 15%. However, don't forget that shareholders must satisfy a holding period rule to be eligible for the new low rates.

Purchasing a Second Home
In light of the number of second homes being purchased, we thought this would be a good time to revisit the tax ramifications of owning that second home.

IRS Charitable Contributions Information Website
IRS Publication 78 contains a list of charitable organizations eligible to receive tax-deductible contributions. Please call us with questions you have about anticipated charitablecontributions or charitable giving strategies.

Use the Installment Method to Defer Taxes on Property
When at least one payment is received after the tax year in which the sale occurs, you can use the installment method to defer a portion of the income tax due on a gain from the sale of property such as an apartment or office building.

Home Office Tax Information
Whether it’s a desire to hold down expenses while starting a new business, or simply a matter of telecommuting a few days a month, a home office can be a great place to get the work done. But what about the tax ramifications of such an arrangement? Will Uncle Sam help?
pick up part of the costs?