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Headquartered in Dallas, Salmon Sims Thomas is one of the most respected and widely recognized accounting firms providing comprehensive accounting, tax, audit, compliance, and consulting services to closely-held businesses, career schools and nonprofit organizations.
Our motto, focused on your success, is our pledge to enhance the financial well-being of every client.
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Uncle Sam Owes YOU!
IRS issues the most extensive tax refund in US history: here's how to get your due.
The previous Industry Focus announced that the IRS would refund a certain portion of the federal excise tax on telephone charges that had been levied invalidly. On your 2006 tax return, you'll have the opportunity to claim credits for taxes previously paid on long distance services, service over landline, cell phone, voice-over-Internet protocol, and fax bundled services in which local and long-distance are not differentiated.
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| TOP TEN MOST MISSED DEDUCTIONS
Taking a little extra time to gather information for your tax return can make a measurable
difference in your taxable income. Find out about this year's don't-miss deductions.
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Document Records Retention
It is important to retain and store your income tax records for the purposes of tax preparation and personal use such as insurance policies, leases, real estate closing statements, employment records and other legal documents. Certain records should be kept longer than others and some, indefinately. You can read more about records retention and print or save a copy of the schedule for your personal use.
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We hope this Idustry Focus adds value to your business. Your feedback is appreciated!
Sincerely,
Ron Salmon
Salmon Sims Thomas |
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