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Income Tax & Accounting Services for additional tax recapture for business owner

Maine Businesses

From manufacturers to farmers, doctors, pizza chefs, contractors to Innkeepers and professions in between, we're big on small business.

Maine businesses work when we work together. Together our financial team adds a strategic ear and reasoning voice to conversations held in order to set direction and take the actions necessary to help you achieve your personal and business goals. Meeting with clients at offices in Auburn and Norway, we customize our services to meet client needs and hold meetings at their locations.


Payroll Tax Cut

Mortgage Debt Forgiveness


Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012.

The IRS would like you to know these 10 facts about Mortgage Debt Forgiveness:

1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.

Read more about Mortgage Debt Forgiveness.

 

 

 

 

 

Money & Student Stress