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Cost Segregation SALT		International Tax Tax Credits

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Senate Passes Tax Relief and Health Care Act of 2006
The Tax Relief and Health Care Act of 2006, H.R. 6111, extends and/or modifies many important tax provisions. The bill also carries a number of non-extender provisions. Contact your Hood & Strong LLP tax professional for additional details.

2006 Year-End Tax Planning Guide Available Online
New federal tax laws, combined with a steady stream of new cases, rulings and regulations, could complicate your tax planning strategies at year-end. Consult our easy to use, always current online guide for individual and business tax guidance.

Tax Increase Prevention and Reconciliation Act (TIPRA)
President Bush recently signed the TIPRA into law. The Act provides a variety of tax breaks that may apply to you. Specifically, it extends expensing rules for small businesses and tax rate reductions on dividends and capital gains.

President's Panel on Tax Reform Issues Final Report
The report includes two options for reforming the tax code. One option is the Simpliﬁed Income Tax Plan and the other option is the Growth and Investment Tax Plan. Both options satisfy the President’s directive to recommend options that are simple, fair, and progrowth.

2005-2006 Tax Guide
2005 Payroll Tax Table


	Internal Revenue Service IRS - Forms & Instructions IRS - Tax Regulations California Franchise Tax Board Social Security Administration Applicable Federal Rates

With cash-strapped state governments, high-tech information sharing within and between state agencies and with the federal government, increased compliance efforts, stricter penalties and new laws, there is even more reason to be concerned about complex state and local taxes.

The last thing you want is to be liable for taxes and penalties that you weren’t aware of. Our experienced professionals can provide you with the guidance, training, and assistance you need to successfully navigate the state and local tax minefield. We can familiarize you and your key executives with relevant aspects of state and/or local income and franchise tax, sales and use tax, and nonresident payroll tax withholding and property taxes.

For more information about our SALT services, contact us.

In accordance with Circular 230, information on this website is intended to be used for informational purposes only and should not be acted upon without consulting a professional. Information is not to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service. No one, without our express prior written permission, may use or refer to any advice on this website for communication in promoting, marketing, or recommending to any other party.