Tax Changes for 2008
There have been a LOT of recent changes to the tax law in the past few months, We have seen the passing of the Economic Stimulus Act of 2008, Farm and Military Acts, and the Housing Assistance Act of 2008. This summary reflects some of the significant changes enacted by recent legislation.
Tax Changes for 2006
Plenty of new tax law changes are in store for 2006 and they're important.
Year End Tax Planning Strategies
Capital gains and dividends strategies, timing income and deductions, charitable contribution ideas
Health Savings Accounts
This issue addresses Health Savings Accounts - The hot new tax deduction!
IRS Hot Audit Areas
This issue summarizes the dramatic increase in IRS audit activity.
Your Home
This newseletter discusses reducing your mortgage debt, deducting a vacation home, and excuding gains on sale of your home.
Succeeding in Business
How To Succeed in Business by Really Trying
Stock Market Investing
Understanding Stock Market Ups & Downs... Three Ways to Achieve Peace of Mind While Maximizing Your Returns
Credit Scores
How To Raise Credit Scores
Overtime Compensation
Overtime Compensation Under The Fair Labor Standards Act
E-Commerce
Best Practices for E-Commerce Self-Defense
2004 Hurricane Reilef
This issue discusses tax relief as a result of the recent Hurricanes.
The 2004 Tax Acts
This issue discusses some of the major provisions of the 2004 Tax Acts – The American Jobs Creation Act of 2004 (“AJCA”) and the Working Families Tax Relief Act of 2004 (“WFTRA”).
The 2003 Tax Act
Highlights of the recently passed tax act, The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
The 2001 Tax Act
Minimizing Your Taxes under the Economic Growth Tax Relief and Reconciliation Act of 2001 (EGTRRA)
Tax Planning At Year-End and the New Year
At year-end there is always an opportunity for you to benefit from some last minute planning. Plus, the beginning of a new year gives you a good chance to do some advance planning.
Are Health Savings Accounts Healthy for You and Your Employer?
Federal legislation has opened the door to tax-free medical care for anyone that can enroll in a High Deductible Health Plan (HDHP) and deposit tax deductible dollars in a Health Savings Account (HSA).
Tax Breaks For Hurricane Victims
While most people are watching relief efforts following hurricanes Katrina, Rita, and Wilma on TV, we have been monitoring all the tax breaks offered by the federal government for individuals and businesses affected by the tragedy.
Will the AMT Hit You?
The Alternative Minimum Tax, AMT for short, was enacted to ensure that wealthy individuals could not entirely escape taxation by using every legal tax break available. Today, the AMT is becoming a tax trap for the middle class.
Check Your Tax Refund All Tax Season Long
There is a very helpful feature on this online office that will help you this tax season.
Excluding Gain on Sale of Personal Residence – Special issues
How do you account for gain from the sale of your residence if you have used part of it for business? What if you own a home with someone to whom you are not married? Can you exclude gain from the sale of land on the lot your residence occupies?
Earn College Credits and Tax Credits at the Same Time
The Hope Scholarship Credit, Lifetime Learning Credit, and other key considerations need not be a mystery.
Assessed A Penalty? Request Abatement!
Getting relief from an IRS penalty MAY be possible.
Buy-sell Agreements Can Be Integral to Planning the Succession of Your Business.
Here are some crucial details about Buy-sell agreements you cannot afford to ignore.
What's the "Right Amount" of Compensation for an S Corporation Shareholder/Employee?
The S corporation has been used by small business owners to avoid payroll taxes, and the IRS knows it. Here is a case that describes how a CPA got into trouble with his own S corporation--and how you can avoid the mistakes that were made.
Dangers in Shareholder Loans Continue
Loans between shareholders and closely held corporations are subject to special tax scrutiny and, if not properly documented, can produce adverse tax results.
IRS Approves Self-Directed Medical Plan.
The IRS has approved an important self-directed medical benefit plan that both employers and employees should know about.
Sharing Your Stock Market Losses With Uncle Sam
Uncle Sam is always happy to tax you when you make money. But what happens to your tax situation when you experience losses? Not every investment will be a winner, so learning how to take advantage of the tax treatment of capital losses can be helpful.
Good Reasons to File a Gift Tax Return
Filing a gift tax return can work in your favor.
The Essential Estate Tax Facts
Politicians keep talking about repealing the estate tax forever. In the meantime, it still exists. Here is a summary of essential estate tax facts.
Will Estate Tax Changes Affect Your Wealth Transfer Plan?
Anyone with a taxable estate is likely to benefit from new rules reducing tax rates and raising the threshold at which wealth transfers are taxable.
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