SAN RAFAEL, CA, June 27, 2009
/24-7PressRelease/ -- The IRS standard deductions for 2009 have been posted to the Bradford Tax Institute, an online source of information for one-owner and husband-and-wife businesses seeking to bolster their efforts in tax reduction. Tax reduction expert Murray Bradford, founder of the site and publisher of the Tax Reduction Letter, sought to make this information easy to find and clear for taxpayers often confused by terms such as "exemptions," "standard deductions" and "phaseouts." Bradford noted that tax deduction tips and strategies from the Tax Reduction Letter, much of it available via subscription at the Bradford Tax Institute, are specifically designed for laypeople and tax professionals alike.
"Many concepts that govern the filing of income taxes are challenging to understand," said Bradford, whose expertise in tax reduction comes from 30 years in accounting, including a lengthy stay at Price Waterhouse. "This is why taxpayers need a resource that provides clear, concise explanations of what it all means. Such information is a bulwark against unnecessary, avoidable audits."
Publisher of the Tax Reduction Letter every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategy businesses. Quoted in national publications such as The Wall Street Journal and featured on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice.
Providing the standard deductions for each filing status, Bradford's site noted that taxpayers are typically best off to take the standard deduction even when their itemized deductions are marginally larger. The site further advised taxpayers whose itemized deductions are significantly larger than their standard deductions to consult a tax professional to assess risk before making a decision on which deduction to take. Following an explanation of how personal exemptions are subject to phaseout rules, the Bradford Tax Institute posted a lengthy list of articles on deductions, exemptions and phaseouts that the Tax Reduction Letter has published for the edification of small business owners.
"Merely claiming the itemized deduction instead of the standard one can increase the chances of an audit," said Bradford. "For this and many other reasons, it behooves taxpayers to understand what they're getting themselves into before settling on one method vs. another in filing their income taxes. As always, a tax professional is in order, but just as important is having access to information on these very issues—information that they can understand and put into action."
Bradford invited taxpayers and tax professionals alike to view the Bradford Tax Institute video tutorial. Nearly 400 Tax Reduction Letter articles detailing tax reduction tips are available at the Bradford Tax Institute, with more on the way and all written in plain English for tax laypeople and annotated for savvy accounting professionals. A 7-day free trial of the Bradford Tax Institute is available, which yields full access to the last three issues of Tax Reduction Letter for a week. Readers have the choice of subscribing to the Tax Reduction Letter in order to receive access to not only the latest issue, but also all archived issues that are on the site.
Bradford noted the availability, as well, of "Tax Strategies for the Self-Employed (2009)," his annual course of tax reduction tips designed to help one-owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. The tax reduction course reveals 171 tax lowering strategies that draw on his expertise from 30 years in accounting. Bradford's tutorial on S corporations, posted at YouTube, is one example of these. Readers may order Bradford's tax-saving course now, or they may first watch a video that shares seven free insights into reducing and audit-proofing their taxes.
About Murray Bradford, CPA, Tax Reduction Expert
Tax reduction expert Murray Bradford, certified public accountant and publisher of the monthly Tax Reduction Letter, has years of experience in developing and implementing small business tax reduction strategies. Following nine years at Price Waterhouse, where he twice enjoyed the distinction of being selected to serve in the firm's Washington, D.C. national office, Bradford launched his tax reduction strategies businesses to focus on lowering taxes for one-owner and husband-and-wife businesses. Bradford has since helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His courses, including "Murray Bradford's Tax Strategies for the Self-Employed (2009)," are veritable goldmines of actionable small business tax advice. The news media regularly turn to Bradford for his tax strategy expertise, which he has shared in print publications and on radio and television programming, such as "CBS News Nightwatch," Financial News Network, KCBS, KGO-TV, KGO-radio, WFAN, WABC-TV, Fox, NPR, CNBC, The Wall Street Journal, The New York Times, Changing Times, Chicago Tribune, Money, Fortune and USA Today. A former Marine and author of several books, Bradford is an active member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Minnesota Society of CPAs, and the Greater Washington, D.C. Society of CPAs.
Readers may turn to Bradford's TaxStrategies Blog and YouTube page for his latest thinking on matters tax-related.
Anyone may follow Bradford on Twitter (http://twitter.com/taxreductioncpa), visit his profile on Facebook (http://profile.to/taxreductioncpa), and connect with him on LinkedIn (http://www.linkedincom/in/murraybradfordcpa).
The media may contact either of the following individuals:
Kelly Clark
Regional Resource Manager, Tax Reduction Letter
7 Mount Lassen Dr., Ste. C258
San Rafael, CA 94903
kclark AT bradfordandcompany DOT com
PHONE (direct): 415-446-4342
PHONE (main): 415-446-4340
FAX: 415-446-0127
Brent W. Skinner
President & CEO of STETrevisions
PHONE: 617-875-4859
FAX: 866-663-6557
BrentSkinner AT STETrevisions DOT com
http://www.STETrevisions.com
http://www.brentskinner.blogspot.com
http://twitter.com/brentskinner
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
- accounting, and, business, course, do-it-yourself, education, expert, husband, ideas, reduction, self-employed, small, strategies, tax, taxes, wife
Read more Press Releases from Kelly Clark:Other Press Release Headlines:
