Don Brooks & Associates - Quality income tax preparation service by Don Brooks Associates, Inc.

Tax Preparation Services:

Individual Tax Returns

Tax returns and filing instructions have been prepared for 1000's of individual clients each year. Read more: Individual Tax Returns

Business Tax Returns

A variety of small business tax returns are prepared each year. Read more: Business Tax Returns

Tax Planning

Long term, annual and mid-year tax planning and tax forecasting services. Read more: Tax Planning

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Tax Tips Small Business

New Rules for Spouses Who Operate a Business Together

Do you qualify for simplified reporting?

Spouses who operate a business together have a new option for reporting their business income. In the past, husband and wife joint owners were considered a partnership for reporting purposes. New rules, which took effect this year, give spouses the option of reporting their business income as two separate sole proprietorships. Read more...

Small Business Quick Tip

Personal Use of Vehicle

If your business owns a vehicle that is available for an employee's personal and business use, the vehicle is nevertheless considered used 100 percent for business on the business tax return. The personal-use percentage is included on the employee's W-2 as an additional compensation.

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Tax Tips Personal

Refinancing Your Home Mortgage

What's deductible and what's not?

While there are benefits to refinancing your home mortgage, most refinancing costs are not deductible on your tax return. There is one exception, however. The amount you pay for points, or prepaid interest, may be amortized over the life of your new loan. Although this might not amount to much when you spread it out over 15, 20, or 30 years, don't file away your closing papers quite yet.

Personal Quick Tip

IRA Contribution Deadline 2

Contributions to your IRA must be made by the due date of your tax return. Generally this is April 15. Extending the due date of your tax return does not extend the due date of your IRA contribution.