Written by Donations made to qualified organizations may help reduce the amount of tax you pay. Here are a few things to help ensure your contributions pay off on your tax return.
READ MORE »Posts tagged itemized deduction
Maximize your Travel & Entertainment Benefits.
Expenses are directly related if you can show:
There was more than a general expectation of gaining some business benefit other than goodwill.
You conducted business during the entertainment.
Active conduct of business was your main purpose.
Last-Minute Tax Deductions for 2011
Tweet With tax day just around the corner, here are some ideas that can maximize your tax returns this year: Invest more money in your retirement account – Your retirement funds actually aren’t taxed until that money is taken out of your retirement account. Contributions to retirement funds can be made as late as April [...]
READ MORE »Those Affected by Late Tax Breaks
Tweet The start of the 2011 filing season will begin in January for the majority of taxpayers. However, the last and late changes in the law mean that the IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of [...]
READ MORE »Financial Planning Dos & Don’ts
Tweet During these uncertain economic times, financial planning has become a challenge. Here are a few financial planning suggestions that can add to your peace of mind about financial matters and simplify your life: At least once a year, write down your investment goals and what strategy you will use to reach them. This will [...]
READ MORE »The Home Office Deduction
Tweet The tax break has been expanded, but make sure you know the rules. The Taxpayer Relief Act of 1997 included a modification of the IRS’s definition of “principal place of business” that will permit a larger number of taxpayers to qualify for the home-office deduction. For tax years beginning after 1998, the deduction will [...]
READ MORE »A Week in Perspective
Tweet It would seem that while I was out of town last week I had a lot of extra time to look around. Surf the net if you will. This weeks perspective is the largest I have ever posted. I hope you all have the time to enjoy each site as the information is as [...]
READ MORE »How the Bush Tax Cuts Affect Tax-Saving Strategies
Tweet Each November, we like to look at the steps you can take to reduce your tax bill. This year, it’s a little ambiguous, because the Bush tax cuts and credits are set to expire at the end of 2010. If they do expire, a lot of folks will experience a significant adjustment to their [...]
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