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Industry Focus
CAREER SCHOOLS
IN THIS ISSUE
Uncle Sam Owes You!
Top 10 Missed Deductions
Records Retention Schedule
 

Salmon Sims Thomas has served the career school sector for over 20 years. We understand the highly complex and competitive market in which schools operate. For this reason, we have a dedicated career school team whose members have been hand picked because of their background and expertise in the career school sector.  

Read more about the Salmon Sims Thomas career school team.

   

 

 
 
 
QUICK LINKS

 

 

Uncle Sam Owes YOU!

IRS issues the most extensive tax refund in US history: here's how to get your due.

 

The previous Industry Focus announced that the IRS would refund a certain portion of the federal excise tax on telephone charges that had been levied invalidly. On your 2006 tax return, you'll have the opportunity to claim credits for taxes previously paid on long distance services, service over landline, cell phone, voice-over-Internet protocol, and fax bundled services in which local and long-distance are not differentiated.

 
 
 
TOP TEN MOST MISSED DEDUCTIONS
FOR 2006.
 

Taking a little extra time to gather information for your tax return can make a measurable difference in your taxable income. Find out about this year's don't-miss deductions.

 
 

Read All Deductions

 
 
Records Retention
 
It is important to retain and store your income tax records for the purposes of tax preparation and personal use such as insurance policies, leases, real estate closing statements, employment records and other legal documents. Certain records should be kept longer than others and some, indefinately. You can read more about records retention and print or save a copy of the schedule for your personal use. 
 
Download Retention Schedule
 
 
We hope this Idustry Focus adds value to your business. Your feedback is appreciated!  
 
Sincerely,
 
Ron Salmon
Salmon Sims Thomas
   
Salmon Sims Thomas | 12720 Hillcrest Road | #900 | Dallas | TX | 75230