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Online Tax Notebook

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For your convenience, we offer an online version of our Tax Organizer. Please call our office and we will gladly provide a User ID and a Password. If you already have a User ID and Password, please click the TaxNotebook logo above to access your online Tax Organizer.
ˇWelcome, Bienvenidos!
Strickler & Prieto LLP is a leading accounting and consulting firm based in El Paso, Texas.Our client solutions approach has fueled the Firm's rapid growth into one of the most important professional service organizations on the U.S./Mexico border. Our solutions approach, combined with a commitment to technical knowledge, client satisfaction, and continued personal growth in a dynamic environment has assisted us to attract and retain some of the most highly educated, experienced and sophisticated accounting professionals in the Southwestern United States. We serve a wide range of clients, including developing and middle market clients, governmental and not-for-profit entities, as well as established Fortune 500 multinational corporations. Our client base includes business enterprises headquartered in Europe, Asia and Latin America. Through our unique strategic alliances, we may assist clients with professional services in several countries around the globe.
 
Military Families Receive Recovery Rebate Break
ImageThe 2008 Heroes Act includes several benefits for military personnel. The Act was signed into law the last week of May, so we will include a summary of the provisions affecting individuals and small businesses in the next bulletin.

However, there is one new benefit that affects tax rebates currently being distributed by the IRS. Prior to the passage of the new law, a U.S. Armed Forces member who is married to a foreign spouse who was ineligible for a Social Security number would not receive a rebate credit if the couple filed a joint return.

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Working Abroad Can Yield Tax-Free Income
Texas Mexico mapU.S. citizens and resident aliens are taxed on their worldwide income, whether the person lives inside or outside of the U.S. However, qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude from their income all or part of their foreign salary or wages, or amounts received as compensation for their personal services. In addition, they may also qualify to exclude or deduct certain foreign housing costs.
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Looking For Your Refund?
Treasury CheckAre you expecting a refund and wondering where it is? If you owe back taxes, child support, or have a student loan balance, etc., the refund may have gone there. Otherwise, the IRS has a tool on their website that can track down your refund.


Comments

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Finance Software - Online and Free
mint.comIn an ongoing effort to streamline my finances, I stumbled upon mint.com .   I have been an occasional user of Quicken 2003 and found its features to be sufficient for my purposes, but I wanted something that I could access at any time without any hassles and was easy to set up.    Mint.com is just that and a little more.   It took me literally 5 minutes to set up my credit card and bank accounts.   Now, they are all in one place with all of my transactions categorized.

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Due Date Calendar

July 2008 August 2008
Mo Tu We Th Fr Sa Su
Week 27 1 2 3 4 5 6
Week 28 7 8 9 10 11 12 13
Week 29 14 15 16 17 18 19 20
Week 30 21 22 23 24 25 26 27
Week 31 28 29 30 31

Polls

Will an $.08 increase in the standard mileage rate help taxpayers?
 

Did You Know?

Husband and Wife Joint Ventures
Beginning in 2007, a married couple that owns a joint business venture in which they both participate can elect to file two self-employed business schedules (Schedule C or Schedule F) on their personal income tax return, dividing the income and expenses instead of filing a partnership return. However, the IRS has made it clear that this special provision does not apply to state law entities, such as general or limited partnerships or limited liability companies. If you are interested in pursuing this option for 2008 and currently have employees, are also required to file other types of tax returns, or simply have questions about this option, please give this office a call.
 

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