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Browse our previous Tax Tips Newsletters to help you stay current with the income tax issues that can affect your current and future tax situation.
Tax Deadline Nears, But Extensions Are Easily Available
April, 2008
With April 15 looming on the horizon, you may have come to the realization that you (or your accountant) simply can't get all your federal income tax forms accurately filed by that critical date. Read this newsletter.
Economic Stimulus Package Clears Congress
March, 2008
Congress has approved temporary economic stimulus legislation that was signed into law by President George W. Bush on February 13, 2008. The package offers increased expensing limits for small businesses and one-time tax rebates to millions of American citizens. Read this newsletter.
Economic Stimulus Package in the Works
February, 2008
As taxpayers collect information and crunch the numbers on their 2007 income tax returns, the federal government is already planning for their 2008 tax returns. And it seems that almost everybody is getting a refund. Read this newsletter.
What's New This Year
January, 2008
Like the weather, our tax laws are subject to frequent changes. Unfortunately, there continue to be many traps for the unwary and uninformed taxpayer. Here are some changes in effect for the 2007 tax filing season. . . and some others to consider for 2008. Read this newsletter.
Last-Minute Tax Decisions Could Have Lasting Impact
December, 2007
Before the calendar flips over to 2008, taxpayers have a final opportunity to make some moves that could legally lower what they owe for 2007... and 2008. Read this newsletter.
Make Wise Benefits Choices, Save Taxes
November, 2007
This time of year, employers traditionally allow workers to change their annual benefits elections. This is an opportunity to review your options, consider how any recent changes to your personal situation might affect those choices, and crunch the numbers to see what's best for you. Read this newsletter.
New Credit for Installation of Energy Efficient Home Improvements
October, 2007
Thanks to the Energy Policy Act of 2005 (Energy Act), there is still a new tax credit for the installation of energy efficient measures in principal residences. The credit for energy efficient home improvements can be claimed for qualifying energy efficient items including insulation systems, windows, furnaces, and solar panels placed into service after December 31, 2005, and before January 1, 2008. Read this newsletter.
Back-to-School Tax Savings to Consider
September, 2007
There is no argument that one of the biggest expenses facing most of us is how to finance an education for our children and other family members (including ourselves). Read this newsletter.
The Basics of Tax Planning
August, 2007
Tax planning is a process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions so that taxes are eliminated or reduced. Read this newsletter.
IRS Encourages Taxpayers to Safeguard Records from Hurricane Damage
July, 2007
With the approach of the hurricane season, the IRS is encouraging taxpayers to safeguard their hard-to-replace tax records and financial documents. Read this newsletter.
Vacation Home Rentals
June, 2007
A second home in the country, a condo in the city, or a houseboat on the lake can all be a pleasant place to spend your vacation. They can also be made to partially pay for their own costs, if you can rent them out to others for at least a few days or weeks each year. Read this newsletter.
Prepare Now for Next Year's Tax Season
May, 2007
Mercifully (or unmercifully), this year's April 17 tax deadline has come and gone. Unfortunately, the same cannot be said for our continuing obligations as taxpayers. Read this newsletter.
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