Monthly Tax Tips

March 2010
Claiming dependents can be complicated business
Most people understand that they can claim their dependent children as a tax deductions, but there are complicated rules for claiming those who may not be your dependent minor child. Qualifying relatives who do not meet the criteria of dependent child may also be claimed in certain circumstances.

February 2010
Getting the Most from Energy Credits
Homeowners may be able to take advantage of tax credits for certain energy saving improvements or for installing alternative energy property in their homes. The two credits available are the Credit for Nonbusiness Energy Property and the Residential Energy Efficient Property credit.

January 2010
Encouraging Contributions for Haiti's Earthquake Victims
The House and Senate have approved a bill to accelerate the income tax deduction for contributions to qualified charitable organizations for the relief of Haiti's earthquake victims.

January 2010
New 401(DBK) available in 2010

December 2009
Home Buying Credit – Not Just for First-Timers Anymore
Congress recently extended and expanded the credits available to people buying new homes.

November 2009
Seven things the IRS expects of new businesses
Anyone starting a new business should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business.

October 2009
Conversion to a Roth IRA – What you need to consider
Have you been thinking about converting your traditional IRA to a Roth IRA? Now is a great time to analyze your options and brush up on recent law changes.