Vicki Venable, Enrolled Agent

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WHY IS MY STIMULUS PAYMENT LESS THAN I EXPECTED?

The maximum rebate is $600 single, $1,200 couple IF YOU PAID AT LEAST THAT MUCH IN FEDERAL INCOME TAX.
For the total amount of tax paid look at line 10 of
Form 1040EZ, line 37 Form 1040A or line 63 Form 1040.

The minimum rebate is $300 if you had at least $3,000 in wages, self employment, social security benefits or VA benefits (does not include interest, dividends, retirement, rental income, etc.).

To calculate your rebate, you can go to the IRS website at http://www.irs.gov/app/espc. Be sure to have a copy of your tax return in front of you to answer the questions.

arrowWHERE'S MY REFUND?

arrowWHERE'S MY STIMULUS PAYMENT?


Why Choose us?

At Venable Accounting Inc., we want to make your life less taxing. We sort through the tax laws and stay up-to-date with the constant changes. We want you to keep as much of your hard-earned money as is legally possible! We make this less taxing too, by giving you several options...

  • In Office (call for appointment/flexible hours)
  • Fax, Email or Snailmail
  • Drop-Off (24 hour availability)

Venable Accounting Inc is ready to help you get your 2007 tax filing behind you.  At Venable Accounting we realize that preparing your return can be a complicated process.
So we go beyond just preparing your return.
Our professional, friendly staff is available 12 months a year to address your concerns, answer your questions, and give you the best information possible when you need to make decisions affecting your tax situation.


arrowMORTGAGE DEBT FORGIVENESS ISSUES


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Tax Simplification and Paper Reduction are nice words, but obviously our legislators have "fuzzy dictionaries".  It is becoming more and more difficult for anyone with more than a W2 to prepare their own return.  Don't miss a deduction, let the professionals sort it out.  But please, choose your preparer wisely.


arrowNEW RULES FOR CHARITABLE CONTRIBUTIONS....
   WHAT IS REQUIRED TO DEDUCT THEM?


Anyone can put up a sign, prepare your return, take your money, and leave you holding the bag at audit time.  For the advantages of hiring a tax professional registered to practice before the IRS look at our What's an EA? page.

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Feel comfortable enough to do it yourself? Go to our site at www.1040.com/Venablewhere you can prepare and e-file your own return for a minimal cost.


TAX CHANGES ON THE HORIZON....

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2008
TAX LAW CHANGES

 
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MILEAGE ALLOWANCE

Standard business mileage rate for 2008 goes to
50.5 cents a mile.

 
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IRA

Traditional IRA deductions for 2008 increase to $5,000 with an extra $1,000 for those age 50 or older.

 

In 2008...long term CAPITAL GAINS RATES for those in the 10 to 15% bracket go to zero percent (for those taxpayers in the lowest tax bracket.)

CAPITAL GAINS RATES go back to pre-2003 (8%, 10%, 18% or 20%.) The ESTATE TAX DEDUCTION goes to $3.5 Million.

In 2010 there will be NO ESTATE TAX (and no stepped up basis.) In 2011 -- almost everything from this 10 year tax relief plan expires!

 
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We strive to make tax return time "less taxing" on you! Our CHECKLIST will help make getting prepared for tax time a lot less stressful.

 
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If you feel comfortable enough filing your own income taxes this year -- we can help you! At www.1040.com/Venable you can prepare and e-file your own return for a minimal cost.

 

We respect your precious time. That's why we compiled a helpful list of TAX LINKS for your convenience.

 

Have more questions than answers? Call us at 813-949-4343 or Email us. We're more than happy to help.