Tax and Business Alert Newsletters

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2010/2011 Year End Individual 1040 Letter 2010/2011 Year End Business Letter Yearly Physical Inventory Requirement



		2013Tax and Business Alert


		December 2013 - Topics
		PDF File		Minimizing the 3.8% Net Investment Income Tax Year-end Mutual Fund Purchases Qualified Charitable Distributions Itemized Medical Deductions
		September 2013 - Topics
		PDF File		Partial Restoration of Lost Social Security Benefits Business Tax Breaks The 3.8% Net Investment Income Tax—More Than Meets the Eye Is My Gift Taxable?
		August 2013 - Topics
		PDF File		The Affordable Care Act Employing a Business Owner’s Children 2014 HSA Amounts
		July 2013 - Topics
		PDF File		The Marriage Penalty Tax Calendar New In-plan Roth Rollover Provision Tax Impact of Investment Strategies Residential Energy Credit
		June 2013 - Topics
		PDF File		Use a QDRO to Divide Qualified Plan Assets in Divorce Higher Education Costs Continue to Escalate Help Grandchildren with College Costs Selling a Home to Your Child at a Bargain Price Tax Benefits for Adoption Expenses
		May 2013 - Topics
		PDF File		Tax Breaks for Families and Students Increased Medicare Payroll Tax Qualified Plan Distributions Exempt from the NIIT Nonspouse IRA Beneficiaries
		April 2013 - Topics
		PDF File		Impact of Higher Individual Federal Tax Rates Tax Calendar Excluding Gain on Qualified Small Business Stock 2013 Gift Tax Exclusion Residency Issues for Retirees New Simplified Home Office Deduction
		March 2013 - Topics
		PDF File		America Taxpayer Relief Act New Roth IRA Conversion Option Business Provision of the New Tax Act Direct IRA Contribution Provision Extended
		February 2013 - Topics
		PDF File		Social Security and Medicare Update Standard Mileage Rates for 2013 Patron's Gifts and Athletic Tickets Tax Rules for Gamblers Benefits of Using a Family LLC
		January 2013 - Topics
		PDF File		Deducting Home Mortgage Interest Tax Calendar Filing Status Implications Business Deduction for Medicare Insurance Premiums Retirement Contribution and Other Limitations for 2013


		2012 Tax and Business Alert

		December 2012 - Topics
		PDF File		Filing Options for Your Final Form 1040 Maximizing the Deduction for Start-up Expenses me Sale Gain Exclusion Restrictions for Second Homes Save Taxes Using a Partial Annuity Exchange
		November 2012 - Topics
		PDF File		Individual Year-end Tax Planning Recent Graduates' Job Search and Moving Expenses Substantiating Charitable Contributions
		October 2012 - Topics
		PDF File		Lower Your Taxes by Purchasing a Business Vehicle Tax Calendar College Loan Repayment Plan Application Is Simplified Fringe Benefit Rules for 2% S Corporation Shareholders Noteworthy 2013 Healthcare Provisions
		September 2012 - Topics
		PDF File		New 3.8% Medicare Contribution Tax on Unearned Income Additional 0.9% Medicare Surtax in 2013 Cash Management Strategies for a Secure Retirement Asset Protection Characteristics of LLCs
		August 2012 - Topics
		PDF File		One Person 401(K) Plans IRS Limits Employer Identification Number Request Social Security Statements New Tax Rule for Local Lodging Expenses
		July 2012 - Topics
		PDF File		Charitable Donations of Publicly Traded Securities Tax Calendar 2013 HSA Limitations Deferring Taxable Gain with a Like-kind Exchange MRD Reminder Kiddie Tax Update
		June 2012 - Topics
		PDF File		Tax-free Exchanges of Life Insurance Policies Use a Reverse Mortgage as a Cash Resource S Corporation Profiles "Dirty Dozen" Tax Scams
		May 2012 - Topics
		PDF File		Education Tax Credits IRS's Information on Exempt Charitable Organizations Excluding a Residence Sale Gain Following Divorce Reporting Barter Transactions
		April 2012 - Topics
		PDF File		50% Disallowance Rule for Meals and Entertainment Tax Calendar Taxpayer Advocate's Report IRS Reopens Offshore Voluntary Disclosure Program Roth IRAs for Kids Tax Ramifications of Owning a Second Home
		March 2012 - Topics
		PDF File		How Working Impacts Social Security Benefits Standard Mileage Rates for 2012 Tax Planning Following a Job Loss Reporting Foreign Financial Employing Children in an Unincorporated Business
		February 2012 - Topics
		PDF File		Head of Household Filing Status Capital Gains and Losses The Unearned Income Medicare Contribution Avoid Gift Treatment for Large Medical Expenses Taxable or Nontaxable Income? Selecting a C Corporation’s Tax Year
		January 2012 - Topics
		PDF File		Operating a Business as an LLC Tax Calendar Higher Education Costs Continue to Escalate Receiving Social Security Benefits before Full Retirement Age 2012 Retirement Contribution and Other Limitations


		2011 Tax and Business Alert

		December 2011 - Topics
		PDF File		Health Savings Account (HSA) Benefits Timing Year-end Charitable Contributions Update on Employer-provided Cell Phones Voluntary Contractor Settlement Program (VCSP) Turning a Hobby into a Business
		November 2011 - Topics
		PDF File		Qualified Charitable Distributions Deducting Job Search Expenses Qualified Dividend Income Which Is Best for Your Business: Section 179 or 100% Bonus Depreciation? The Importance of Updating Beneficiary Designations
		October 2011 - Topics
	PDF File		Fourth Quarter Tax Planning Ideas Tax Calendar Education Planning—Start Early Federal Taxation of Social Security Benefits
	September 2011 - Topics
	PDF File		Tax Advantages of Small Business Stock Business Mileage Rate Increase 2011 Adoption Expenses Help a Grandchild Retire Defer Taxes with an Installment Sale Combined Business and Vacation Travel
	August 2011
	PDF File		4Selling a Corporate Business 42012 HSA Limitations 4Electric Vehicle Credits 4Safeguarding Tax Records 4Corporate Distributions 4Tax Planning for Mutual Funds
	July 2011
	PDF File		4Current Favorable Long-term Capital Gain Rates 4Tax Calendar 4Rollovers from Qualified Plans to IRAs 4Attaining Independent Contractor Status 4Compiling and Retaining Important Records
	June 2011
	PDF File		4Home Sales by Newlyweds 4Tax Freedom Day® 42010 IRS Data Book 4Assisting Grandchildren with College Costs 4Deducting Interest on Home Loans 4When Are Gifts Taxable?
	May 2011
	PDF File		4Tax Aspects of Becoming Self-employed 4Repaying the First-time Homebuyer Credit 4Tax Impact of a Home Foreclosure 4Business Charitable Contributions
	April 2011
	PDF File		4Claiming Bonus Depreciation for Business Property Acquisitions 4Tax Calendar 4Age-related Planning Milestones 4New Life for Selected Charitable Contributions
	March 2011
	PDF File		4New Law Provides Tax Relief for Individuals and Businesses 4New Estate and Gift Tax Rules 4Taxpayer Advocate Reports to Congress
	February 2011
	PDF File		4Preserving Tax Deductions for Business Travel 4Baby Boomers' Medicare Sign-up 4Gym Fees as Medical Expenses 4Retirement Plan Limitations Unchanged 4Avoiding Constructive Dividend Treatment 4Converting a Residence to Rental Property
	January 2011
	PDF File		4Business Property Expenditures 4Tax Calendar 4College Financial Aid Changes for 2011–2012 4Sole Proprietors Can Benefit from Employing a Spouse 4Retirement Plan Review

	2010 Tax and Business Alert

	December 2010
	PDF File		4Small Business Jobs Act 4Business Cell Phone Restrictions Removed 4New Health Insurance Premium Deduction 4Deducting Corrosive Drywall Repair Costs 4Borrowing from Retirement Plans
	November 2010
	PDF File		4Year-end Tax Planning 4529 Plans—Saving for College 4Gambling Winnings and Losses 4Maximizing Tax savings from Outright Charitable Gifts
	October 2010
	PDF File		4New Business Tax Saving Opportunity 4Tax Calendar 4Deducting Job Search Expenses 4Retirement Account Catch-up Contributions Can Really Add up 4Revocable Living Trusts
	September 2010
	PDF File		4Efficient Tax Credits 4Earn 5% More on Liquid Assets 42011 HSA Limitations 4Maximizing Business Transportation Expense Deductions 4MRDs Required in 2010
	August 2010
	PDF File		4Worker Classification Issues 4Business Owner’s Relatives May Qualify for New Payroll Tax Breaks 4Volkswagen Hybrid Vehicle Credit Phases Out 4Closed-end Fund Information Website 4Donating a Life Insurance Policy to a Charity
	July 2010
	PDF File		4Deducting Business Bad Debts 4Tax Calendar 4Loans from IRAs Not Permitted 4Retiree's State of Residency Tax issues 4Distributions from Inherited IRAs
	June 2010
	PDF File		4Health Insurance Tax Credit 4Tax Aspects of Purchasing a Life Insurance Contract 4HIRE Act Employment Incentives 4Improved Adoption Credit
	May 2010
	PDF File		4Charitable Donations of Devalued Real Estate 4Golf Carts and the Plug-in Electric Drive Motor Vehicle credit 4Increased Producer Deduction for 2010 4Filing Status and the Final 1040 4Using Employee Stock Ownership Plans (ESOPs)
	April 2010
	PDF File		4Taxation of Long-term Care Insurance Proceeds 4Tax Calendar 4National Taxpayer Advocate Reports to Congress 4Medical Deduction for Personal Care Products 4Reduction of Seller-financed Debt 4Deducting Interest on S Corporation Stock Debt
	March 2010
	PDF File		4One-person 401(k)Plans for Self-employed Individuals 4Shareholder-to-corporation Leasing Arrangements 4Working May Decrease Your Social Security Benefits 4Qualified Transportation Fringe Benefits
	February 2010
	PDF File		4Plan Ahead for Self-employment 4College Costs Keep Skyrocketing 4Bankruptcy—Advantages and Disadvantages 4Save Taxes Using a Partial Annuity Exchange
	January 2010
	PDF File		4Homebuyer Credit Extended and Expanded 4Tax Calendar 4Congress Extends Beneficial NOL Provision 4Taxation of Bartering

	2009 Tax and Business Alert

	December 2009
	PDF File		4Traditional to Roth IRA Conversions 4Deduction for Qualified Motor Vehicle Taxes 4Tax Aspects of Owning a Timeshare Unit 4Minimize Taxes with the Specific ID Method
	November 2009
	PDF File		4Year-end Tax Planning Strategies 4Choose I Bonds for Inflation-adjusted Earnings 4College Financial Aid Changes 4Substantiating Charitable Contributions 4Tax-saving Investment Strategy 4Increase or Create a 2009 NOL Using Bonus Depreciation
	October 2009
	PDF File		4Deducting Educational Assistance Expenses 4Tax Calendar 4Using IRA Distributions to Pay Education Costs 4Recent Identity Theft Scams 4Borrowing from Your 401(k) Plan 4Cash for Unneeded Life Insurance Policies
	September 2009
	PDF File		4Year-end Tax Planning Ideas 4New Student Loan Repayment Plan 4College Financial Aid Changes for 2010–2011 4Retaining Tax Information and Records
	August 2009
	PDF File		4Home Office Deductions for the Self-employed 4Employer Matching Charitable Contributions 4FDIC Extends Increased Insurance Coverage 4HSA Inflation Adjustments 4Prepare Financially for a Possible Job Loss 4Proprietorship Dispositions
	July 2009
	PDF File		4Tax on Small Business Stock Gains 4Tax Calendar 4Child Tax Credit 4Review Your Estate Planning Documents 4Tax Saving Strategy for a Volatile Stock Market 4Hybrid Vehicle Credit Update
	June 2009
	PDF File		4Residential Energy Credit 4Annual Gift Tax Exclusion 4Adoption Credit 4Excluding Unemployment Compensation from Taxation 4Deducting Fraudulent Investment Scheme Losses 4Corporate Governance and the Board of Directors
	May 2009
	PDF File		4Tax Planning When Employment Is Terminated 4COBRA Premium Subsidy 4Sales Tax Write-offs for Vehicles and Motor Homes 4American Opportunity Credit 4Capitalizing an LLC
	April 2009
	PDF File		4Tax Relief Provisions of the Stimulus Act 4Tax Calendar 4Help for Business Owners 4Consider Selling Appreciated Stock 4Tax-wise Strategies for U.S. Savings Bonds
	March 2009
	PDF File		4Reporting and Deducting Director’s Fees and Expenses 4Retirement, Gift, and Estate Planning Limitations for 2009 4Help Your Grandchildren Pay for College 4Housing Credit Information 4Required Minimum Distributions Waived for 2009 4The Disposition and Tax Aspects of Life Insurance Proceeds
	February 2009
	PDF File		4Tax-deductible Alimony Payments 4Deducting 529 Plan Losses 4Standard Mileage Rates for 2009 4Purchase of a Taxpayer's Home by an Employer 4Repossessing Real Estate Sold on the Installment Basis
	January 2009
	PDF File		4Controlling Expenditures in Difficult Economic Times 4Tax Calendar 4Social Security Changes for 2009 4How Earned Income Impacts Your Social Security Benefits 4Managing Business Net Operating Losses
	2008 Tax and Business Alert


		December
		PDF File	42008 AMT Patch 4Plug-in Electric Vehicle Credit 4Finally, Tax Relief for Dot-com Era ISO Owners 4Enhanced Residential Energy Credit 4Congress Extends Numerous Tax Breaks
		November
		PDF File	4Year-end Tax Planning for a Volatile Stock Market 4Taxpayer Scores Major Court Victory 4White-Collar Crime Detection 4Year-end Tax Planning Strategies for Individuals and Business Owners 4Retaining Key Employees
		October
		PDF File	4Temporary Credit for First-time Homebuyers 4Tax Calendar 4Temporary Property Tax Deduction for Non-itemizers 4New Online Payment Reporting Requirement 4Changes to the Home Sale Gain Exclusion 4Payments in Lieu of Dividends
		September
		PDF File	4Reevaluate Shareholder Loans 4Increased IRS Mileage Rates 4Filing Requirements for Nonprofits Have Changed 4Funding Education Costs 4S Corporation Subsidiaries
		August
		PDF File	4Are You a Business Owner or Hobbyist? 4Don't Forget About Required IRA Distributions 4Enhanced Qualified Conservation Contribution Deduction Available 4Favorable Depreciation Rules for Business Vehicles 4Compiling Your Vital Records
		July
		PDF File	4Used Vehicle Donation Rules 4Tax Calendar 4Financial Websites 4Surviving Spouse Home Sale Exclusion Extension 4Health Savings Account (HSA) Basics 4Removing Economic Stimulus Deposits from Tax-deferred Accounts
		June
		PDF File	4Business Buy/Sale Agreements 42007 IRS Book Data 4Evaluating Charitable Organizations 4IRS's 2008 "Dirty Dozen" Tax Scams 4Recognizing Worthless Securities Losses
		May
		PDF File	4Business Benefits of the Stimulus Act 4Planning for the "0%" Capital Gains Rate 4Use Your Vacation Home for Retirement Savings 4Swapping Bonds to Claim Losses 4Claiming Head of Household Status in Divorce Situations
		April
		PDF File	4The Rebate Check is in the Mail 4Tax Calendar 4When to Buy Those Airline Tickets 4IRS Warns of Telephone Scam Relating to Rebates 4Paying for College: Recent Legislation May Help
		March
		PDF File	4New Tax Legislation Includes "AMT Patch" 4National Taxpayer Advocate Report 4IRS Approves New Medical Deductions 4Exchange Traded Fund (ETF) Information 4Term or Whole Life Insurance: Which Is Best?
		February
		PDF File	4Cafeteria Plans Benefit Employees and Employers 4Standard Mileage Rates for 2008 4Honda Hybrid Vehicle Credit Phases Out 4Alternative Fuel Tax Credit for Propane-powered Forklifts 4Deducting Retirement Community Fees
		January
		PDF File	4Taxing Social Security Benefits 4Tax Calendar 4Employer-provided Cell Phones 4Teaching Children about Money 4Planning for C Corporation Distributions

2007 Tax and Business Alert
	December
	PDF File	4Taxing Social Security Benefits 4Tax Calendar 4Employer-provided Cell Phones 4Teaching Children about Money 4Planning for C Corporation Distributions


			November
			PDF File	4Once Again, It's Time for Year-end Tax Planning 4Disability Insurance for Business Owners and Professionals 4Reporting Poker Tournament Winnings 4IRS Warns Taxpayers of a New Phishing Scam 4Tax Aspects of Refinancing Your Home Mortgage 4Is an S Corporation Right for Your Business?
			October
			PDF File	4Home Office Deductions 4Tax Calendar 4Honda FCX Eligible for Tax Credit 4No Prorating for 2007 HSA Contributions 4Tax Implications of Investment Strategies 4Don't Buy a Tax Liability with Your Mutual Fund
			September
			PDF File	4Family Limited Partnerships 4Incentive Stock Options 4Find National Charity Data Online 4Bunching Deductible Expenditures 4Maximizing Deductions for Start-up and Organizational Expenses 4Employing Your Child in the Family Business
			August
			PDF File	4New Kiddie Tax Rules 4Donating a Life Insurance Policy to Charity 4Deduction for Teachers' Classroom Expenses 4Retirement Savings Contributions for 2007 4New Tax Law Benefits Small Business Owners 4Converting a Sole Proprietorship to an LLC
			July
			PDF File	4Home Sales for Newlyweds 4Tax Calendar 4The Adoption Credit 4Federal Workers, Retirees, Owe Billions 4One-person 401 (k) Plans for the Small Business Owner 4Review Your Will Periodically
			June
			PDF File	4Business and Investment Expense Documentation 4Annual Gift Tax Exclusion 42007 Saturn Aura Certified as a Qualified Hybrid Vehicle 42006 IRS Data Book 4New Tools Make College Planning Easier 4Tax Aspects of Owning a Second Home
			May
			PDF File	4Section 199 Revisited 4Medicare Part B Premiums Increase 4Deducting Tournament Poker Losses Is Limited 4IRS Releases Its Dirty Dozen for 2007 4New Charitable Contributions Rules 4Don't Overlook Nondeductible IRAs
			April
			PDF File	4Save Tax on Savings Bond Interest 4Tax Calendar 4Hybrid Vehicle Credit Phase-out Continues for Toyota Brands 4Merck Settles with IRS for $2.3 Billion 4Basics of the Dependent Care Credit 4Potential Double Benefit from a Tax Deduction
			March
			PDF File	4Congress Extends Popular Tax Breaks 4Taxpayer Advocate Reports to Congress 4SBA Offers Small Business Services 4Mortgage Insurance Premiums May Be Deductible in 2007 4New Health Savings Account (HSA) Opportunities
			February
			PDF File	4Qualified Conservation Contributions 4New Tax Break for S Corporation Shareholders 4Help Your Grandchildren Pay for College 4New Formula for the Telephone Tax Refund 4Bargain Priced Home Sales to an Adult Child 4Corporate Annual Meetings Are Important
			January
			PDF File	4New Option for Your Retirement Plan Distribution 4Tax Calendar 42007 Mileage Rates 4Social Security Changes for 2007 4Are You an Investor or Trader for Tax Purposes? 4Accessing Your Home Equity with a Reverse Mortgage