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Tax Tips and Updates Newsletter Archived


The Tax and Business Alert is designed to provide accurate information regarding the subject matter covered. However, before completing any significant transactions based on the information contained herein, please contact us for advice on how the information applies in your specific situation.

April 2012

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

How Working Impacts Social Security
Standard Mileage Rates for 2012
Tax Planning Following a Job Loss
Reporting Foreign Financial Assets
Employing Children in an Unincorporated Business


February 2012

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

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


December 2011

Health Savings Account (HSA) Benefits
Timing Year-end Charitable Contributionses
Update on Employer-provided Cell Phones
Voluntary Contractor Settlement Program (VCSP)
Turning a Hobby into a Business


November 2011

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

Fourth Quarter Tax Planning Ideas
Tax Calendar
Education Planning-Start Early
Federal Taxation of Social Security Benefits


September 2011

Tax Advantages of Small Business Stock
Business Mileage Rate Increase
Help a Grandchild Retire
2011 Adoption Expenses
Defer Taxes with an Installment Sale
Combined Business and Vacation Travel


August 2011

Selling a Corporate Business
2012 HSA Limitations
Electric Vehicle Credits
Safeguarding Tax Records
Corporate Distributions
Tax Planning for Mutual Funds


July 2011

Current Favorable Long-term Capital Gain Rates
Tax Calendar
Rollovers from Qualified Plans to IRAs
Attaining Independent Contractor Status
Compiling and Retaining Important Records


June 2011

Home Sales by Newlyweds
Tax Freedom Day®
2010 IRS Data Book
Assisting Grandchildren with College Costs
Deducting Interest on Home Loans
When Are Gifts Taxable?


May 2011

Tax Aspects of Becoming Self-employed
Repaying the First-time Homebuyer Credit
Tax Impact of a Home Foreclosure
Business Charitable Contributions


April 2011

Claiming Bonus Depreciation for Business Property Acquisitions
Tax Calendar
Age-related Planning Milestones
New Life for Selected Charitable Contributions


March 2011

New Law Provides Tax Relief for Individuals and Businesses
New Estate and Gift Tax Rules
Taxpayer Advocate Reports to Congress


February 2011

Preserving Tax Deductions for Business Travel
Baby Boomers' Medicare Sign-up
Gym Fees as Medical Expenses
Retirement Plan Limitations Unchanged
Avoiding Constructive Dividend Treatment
Converting a Residence to Rental Property


January 2011

Business Property Expenditures
Tax Calendar
College Financial Aid Changes for 2011-2012
Sole Proprietors Can Benefit from Employing a Spouse
Retirement Plan Review


December 2010

Small Business Jobs Act
Business Cell Phone Restrictions Removed
New Health Insurance Premium Deduction
Deducting Corrosive Drywall Repair Costs
Borrowing from Retirement Plans


November 2010

Year-end Tax Planning
529 Plans-Saving for College
Gambling Winnings and Losses
Maximizing Tax savings from Outright Charitable Gifts


October 2010

New Business Tax Saving Opportunity
Tax Calendar
Deducting Job Search Expenses
Retirement Account Catch-up Contributions Can Really Add up
Revocable Living Trusts


September 2010

Energy-Efficient Tax Credits
Earn 5% More on Liquid Assets
2011 HSA Limitations
Maximizing Business Transportation Expense Deductions
MRDs Required in 2010


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