Phase Out Rules and Your Wallet

Phase Out Rules control the gradual reduction of tax credit you can expect to receive based on how close your income level comes to the qualification limits.

New Jersey Certified Public Accountant Hy Appelbaum can assist you with all aspects of Phase Out Rules and how they affect your finances.

• Dependency exemptions
• Adjustments to income
• Self-employment taxes
• “Kiddie “taxes
• Passive activity loss rules
• Acquisition and disposition of property
• Business deductions
• Travel and entertainment expenses
• Unreimbursed employee business expense
• Installment sales
• Imputed interest and OID
• Community property issues
• Non-taxable exchanges
• Exclusion issues

• Taxability of social security benefits
• Damages, educational assistance and tax recoveries
• Investment expenses and investment
• Interest expense limitations
• Alternative minimum tax
• At-risk provisions
• Vacation homes
• Home office deductions
• Deferred compensation benefits
• Payroll and withholding tax issues
• Self-employment retirement plans
• Bad debts and worthless securities
• Business carry backs and carryover.

Please contact us for more information on our services.