Tax Tips
The IRS tax code is complex and confusing. Here is a list of common tax questions and deductions we hope you will find useful. If you don’t find what you are looking for, please contact us. One of our tax professionals will be happy to assist you.
NEW: Major Tax Law Changes and Frequently Missed Items
Recent legislation has created significant new tax credits. Read about these new credits and frequently missed deductions and credits.
Adoption Expenses
Have you expanded your family?
Capital Gains and Losses
Capital gains or losses occur when a capital asset is sold.
Casualty and Theft Losses
Your loss may be deductible, but the deduction is limited.
Charitable Remainder Trusts
Reduce your estate by gifting property
Converting a Traditional IRA to a Roth?
You may want to wait
Deductions
What is the difference between itemized and standard deductions?
Dividends
Dividends refer to the money a corporation pays you because you own stock in that corporation.
Do You Have Debt Forgiveness?
You may not have to include it in income
Early Pension Distributions
How much does it really cost?
Earned Income Credit
The EIC is designed to help low-income workers.
Education Tax Credits
What are they and who can use them?
Energy Tax Credits
The energy credits that expired 12/31/07 are back for tax year 2009.
Fast Facts
9 great tips to make sure you get the best deal with Uncle Sam!
First-time Homebuyer Credit
Do you qualify for it?
HSA Funding Options
For a limited time only, there are more options
Individual Retirement Account (IRA)
Save for your retirement.
Interest on Summer Recreation May Be Deductible
Your motor home or boat could yield a deduction
IRS Contact Information
Is an Inheritance Taxable?
In most cases, an inheritance is not taxable to you, but there are exceptions
Major Tax Law Changes and Frequently Missed Items
Recent legislation has created significant new tax credits. Read about these new credits and frequently missed deductions and credits.
Military Income
What income is taxable and what income may be excluded?
New Deduction for Non-itemizers
Get the most for your property taxes
Payments You Receive From a Settlement Are Taxable
Unless they are a result of injury or sickness or replace an asset
Refinancing Your Home Mortgage
What's deductible and what's not?
Rental Income
Money you receive for the use of real estate is taxable to you as rental income.
Repayments of Amounts Previously Included in Income
You may be allowed a deduction
Retirement Savings Credit
Save for retirement and reduce your tax bill at the same time.
Selling a Converted Principal Residence
Excluding the gain is not so easy anymore
Summer Day Care
What expenses qualify for the childcare credit?
Take Advantage of Tax Savings in a Down Market
Know when you have a deductible loss
Who Needs Life Insurance?
Chances are you do
Have you expanded your family?
Capital Gains and Losses
Capital gains or losses occur when a capital asset is sold.
Casualty and Theft Losses
Your loss may be deductible, but the deduction is limited.
Charitable Remainder Trusts
Reduce your estate by gifting property
Converting a Traditional IRA to a Roth?
You may want to wait
Deductions
What is the difference between itemized and standard deductions?
Dividends
Dividends refer to the money a corporation pays you because you own stock in that corporation.
Do You Have Debt Forgiveness?
You may not have to include it in income
Early Pension Distributions
How much does it really cost?
Earned Income Credit
The EIC is designed to help low-income workers.
Education Tax Credits
What are they and who can use them?
Energy Tax Credits
The energy credits that expired 12/31/07 are back for tax year 2009.
Fast Facts
9 great tips to make sure you get the best deal with Uncle Sam!
First-time Homebuyer Credit
Do you qualify for it?
HSA Funding Options
For a limited time only, there are more options
Individual Retirement Account (IRA)
Save for your retirement.
Interest on Summer Recreation May Be Deductible
Your motor home or boat could yield a deduction
IRS Contact Information
Is an Inheritance Taxable?
In most cases, an inheritance is not taxable to you, but there are exceptions
Major Tax Law Changes and Frequently Missed Items
Recent legislation has created significant new tax credits. Read about these new credits and frequently missed deductions and credits.
Military Income
What income is taxable and what income may be excluded?
New Deduction for Non-itemizers
Get the most for your property taxes
Payments You Receive From a Settlement Are Taxable
Unless they are a result of injury or sickness or replace an asset
Refinancing Your Home Mortgage
What's deductible and what's not?
Rental Income
Money you receive for the use of real estate is taxable to you as rental income.
Repayments of Amounts Previously Included in Income
You may be allowed a deduction
Retirement Savings Credit
Save for retirement and reduce your tax bill at the same time.
Selling a Converted Principal Residence
Excluding the gain is not so easy anymore
Summer Day Care
What expenses qualify for the childcare credit?
Take Advantage of Tax Savings in a Down Market
Know when you have a deductible loss
Who Needs Life Insurance?
Chances are you do
