http://genxaccountants.com Tax Professionals Wed, 31 Dec 2008 16:51:30 +0000 http://backend.userland.com/rss092 en We are gearing up for another exciting tax season.  Do you know the definition for the new first time home buyer credit? This is a fabulous credit for qualified buyers that purchase a principle residence between April 2008 and July 2009.  Call us for more information... http://genxaccountants.com/?p=8 Remember to pay your officers reasonable compensation for what they do in the corporation.  Officers that perform services are employees...like it or not.  Beware of tax preparers that take distributions from S Corps and/or pay rents to the officers and pay no officer wages, this is a no-no.  Corporations cannot ... http://genxaccountants.com/?p=9 There will be a phase-out of the new qualified hybrid motor vehicle credit for certain trucks and automobiles, and a new advanced lean burn technology motor vehicle credit.  The advanced lean burn technology vehicle credit is designed for vehicles manufactured by the American Honda Motor Company, Inc. that are bought ... http://genxaccountants.com/?p=7 Welcome to Gen X's website.  Are you ready for filing?  Do you want to know more about your tax return?  Tax savings tips and laws.....More to come..... http://genxaccountants.com/?p=5 Taxation and the Tax Gap...stay continued http://genxaccountants.com/?p=1