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2001 Monthly Comments Archive -
- 1. Comments - January, 2001 - Posted 08/05/2001
- 2. Comments - February, 2001 - Posted 08/05/2001
- 3. Comments - March, 2001 - Posted 08/05/2001
- 4. Comments - April, 2001 - Posted 08/05/2001
- 5. Comments - May, 2001 - Posted 08/05/2001
- 6. Comments - June, 2001 - Posted 08/05/2001
- 7. Comments - July, 2001 - Posted 08/05/2001
- 8. Comments - August, 2001 - Posted 08/06/2001
- 9. Comments - September, 2001 - Posted 08/31/2001
- 10. Comments - October, 2001 - Posted 10/03/2001
- 11. Comments - November, 2001 - Posted 11/01/2001
- 12. Comments - December, 2001 - Posted 12/01/2001
2001 Tax Act - Topics about The Economic Growth and Tax Relief Reconciliation Act of 2001
2002 Monthly Comments Archive -
- 1. Comments - January, 2002 - Posted 01/05/2002
- 2. Comments - February, 2002 - Posted 02/03/2002
- 3. Comments - March, 2002 - Posted 03/04/2002
- 4. Comments - April, 2002 - Posted 04/03/2002
- 5. Comments - May, 2002 - Posted 05/04/2002
- 6. Comments - June, 2002 - Posted 06/04/2002
- 7. Comments - July, 2002 - Posted 07/02/2002
- 8. Comments - August, 2002 - Posted 08/05/2002
- 9. Comments - September, 2002 - Posted 08/31/2002
- 10. Comments - October, 2002 - Posted 10/03/2002
- 11. Comments - November, 2002 - Posted 10/31/2002
- 12. Comments - December, 2002 - Posted 12/03/2002
2002 Tax Acts -
2003 Monthly Comments Archive -
- 1. Comments - January, 2003 - Posted 01/04/2003
- 2. Comments - February. 2003 - Posted 01/31/2003
- 3. Comments - March, 2003 - Posted 03/11/2003
- 4. Comments - April, 2003 - Posted 04/01/2003
- 5. Comments - May, 2003 - Posted 05/13/2003
- 6. Comments - June, 2003 - Posted 06/02/2003
- 7. Comments - July, 2003 - Posted 07/16/2003
- 8. Comments - August, 2003 - Posted 08/09/2003
- 9. Comments - September, 2003 - Posted 09/01/2003
- 10. Comments - October, 2003 - Posted 09/28/2003
- 11. Comments - November, 2003 - Posted 11/01/2003
- 12. Comments - December, 2003 - Posted 11/29/2003
2003 Tax Acts -
2004 Monthly Comments Archive -
2004 Tax Acts -
2005 Tax Acts -
2006 Tax Acts -
2007 Tax Acts -
2008 Tax Acts -
2010 Tax Acts -
2013 Tax Acts -
2014 Tax Acts -
2015 Tax Acts -
2016 Tax Acts -
2017 Tax Acts - Tax Changes for 2017
Hot Topics - Accounting issues that effect you, and strategies to help you.
- Insurance Company Demutualizations and Their Tax Consequences - Posted 08/05/2001
Tax consequences of mutual insurance companies converting to stock companies.
- IRA Beneficiaries - Reduced 2001 Distributions - Posted 08/05/2001
New required minimum distribution rules apply beginning in 2001.
- Revised RMD Rules for Qualified Plans and IRAs - Posted 08/05/2001
Summary of IRS revisions to required minimum distribution rules for IRAs and qualified retirement plans.
- Tax Changes for Tax Year 2001 - Posted 08/05/2001
Summary of prior year tax law changes effective in 2001.
- New IRS Technique Guide Pinpoints Problems to Avoid When Making Shareholder Loans - Posted 08/31/2001
An overview of facts an IRS agent reviews to determine if an advance to a corporate shareholder is a loan or possibly a taxable distribution
- The Different Types of IRAs Available Today - Posted 10/03/2001
A summary of the IRAs available and the requirements to participate in each.
- How Long Should Clients Retain Tax Records? - Posted 11/01/2001
Recommendations of leangth of time to retain tax records.
- How to Allocate Basis of Commercial Real Estate to Achieve Maximum Depreciation Deduction - Posted 02/05/2002
A review of how to allocate cost of construction or acquisition to achieve best tax results.
- Coverdell Education Savings Accounts - Posted 07/02/2002
A summary of the changes to the old Education IRAs.
- Deduction for Student Loan Interest - Posted 07/02/2002
Summary of the requirements for deductibility of interest on college loans.
- HOPE and Lifetime Learning Credit for Qualified Tuition and Related Expenses of Higher Education - Posted 07/02/2002
Use of the HOPE credit or Lifetime Learning credit for education costs for yourself, your spouse or your dependents.
- Qualified Tuition Programs - "529 Plans" - Posted 07/02/2002
An brief review of "529 plans".
- Tax Planning for College - Posted 07/02/2002
A summary of tax benefits available help minimize education costs.
- Advantages/ Disadvantages of Using Standard Mileage Allowance Rate for Business Auto in 2003 - Posted 10/03/2002
Discussion of the alternative to using actual automobile expenses for business use of automobile and when it may be beneficial to use the standard mileage allowance.
- Importance of Year-End Tax Planning - Posted 12/03/2002
A checklist of year-end tax moves.
- Archer Medical Savings Accounts for 2003 - Posted 01/06/2003
A broad overview of how Archer MSAs work along with an outline of the qualification requirements.
- Tax Aspects of Refinancing A Home Mortgage - Posted 01/31/2003
Basic information about tax consequences of refinancing a home mortgage.
- What's New for 2003 - A Roundup of Non-Inflation-Indexing Tax Changes Effective This Year - Posted 04/01/2003
Summary of non-indexing tax law changes effective in 2003.
- Bigger Depreciation/ Expensing Deductions for Autos, Trucks, SUVs and Vans Bought or Leased in 2003 - Posted 11/01/2003
Review of the rules for 2003 deductions for autos, vans and trucks including SUVs.
- Typical Questions About Inflation Adjustments to 2004 Figures - Posted 11/01/2003
Typical questions about 2004 inflation adjustments to tax brackets and other items.
- Year-End Planning for Capital Gains and Losses - Posted 11/29/2003
An illustration of the unique planning opportunities due the the reduced capital gain tax rate.
- What's New on Form 1040 for 2003 - Posted 01/02/2004
Highlight of key changes to the Form 1040 for 2003.
- How to Make the Best Tax Use of a Vacation Home - Posted 07/13/2004
Summary of the tax rules relating to leasing a vacation home.
- Compensatory Stock Options - Posted 08/14/2004
Advantages and disadvantages of ISOs and nonqualified stock options.
- How Rising Interest Rates Affect various Tax and Estate Planning Strategies - Posted 09/25/2004
Summary of favorable an unfavorable effects of rising interest rates on estate and income tax valuations.
- Last Chance to Use Bonus First-Year Depreciation in Year-End Tax Planning - Posted 09/25/2004
Planning for the expiration of the bonus depreciation deduction.
- How the Tax Law Helps Victims of Disaster Losses - Posted 10/26/2004
An explaination of the extra relief provisions available to those located in Presidentially declared disaster areas.
- 2004 Year-End Tax Planning Alert - Posted 11/19/2004
Summary of actions which can be taken before December 31, 2004.
- Interest Collected on Past-Due Child Support is Taxable to Recipient Spouse - Posted 11/26/2004
A summary of the IRS position on interest paid on late child support.
- Most Retirement Plan Limits Increase for 2005 - Posted 11/26/2004
Summary of changes to retirement plan limitations as result of COLAs or statute.
- Standard Mileage Rate Increases by 3 cents for 2005 - Posted 11/26/2004
IRS announced increase and related rules for standard mileage allowance.
- What's New on Form 1040 for 2004 - Posted 11/26/2004
Review of key changes made to the 2004 Form 1040 and schedules.
- Cafeteria Plan - Posted 06/05/2005
By regulation, the IRS is allowing plans to be amended to allow a grace period to use prior year contributions.
- Complying with Federal Payroll Recordkeeping Requirements - Posted 06/05/2005
Summary of payroll recordkeeping requirements.
- Final Regulations Facilitate S Corporation Elections - Posted 06/05/2005
Changes in requirements for non corporate entities electing S corporation status.
- IRS Issues 2005 Depreciation Dollar Limits for Business Autos, Light Trucks and Vans - Posted 06/05/2005
Summary of dollar deductions for vehicles placed in servive during 2005.
- IRS Rules on Taxation of Stock Options Transferred Pursuant to Divorce - Posted 06/05/2005
IRS responds to court ruling allowing transfer of options to spouse in divorce.
- Pointers on New Form 941 - Posted 06/05/2005
Summary of Form 941 changes.
- Proposals Would Tax Partnership Interests Transferred for Services Under Restricted Property Rules - Posted 06/05/2005
Proposed regulations would treat transfers of partneership interests for services same as stock transfers.
- Treasury Recommends Tougher Santions Against Late-Filing Pass-Through Entities - Posted 06/05/2005
Recomendations for increased penalties against late-filing partnerships and S corporations.
- What Are Your Chances for Being Audited? - Posted 06/05/2005
Review of IRS 2004 activities.
- Recap of Business Tax Law Changes Going into Effect in 2005 - Posted 06/27/2005
Summary of tax changes effective january 1, 2005.
- How the Tax Law Helps Victims of Hurricane Katrina - Posted 09/03/2005
Summary of key tax provisions available to those in Presidentially declared disaster areas.
- 2005 Year-End Tax Planning for Individuals - Posted 11/05/2005
Summary of 2005 year-end potential tax savings opportunities.
- Many Tax Law Changes Effecting Individual Taxpayers go into Effect in 2006 - Posted 02/14/2006
An overview of non-indexing changes for individuals for 2066.
- Important Federal Payroll Tax Figures for 2006 - Posted 01/22/2007
A summary of the more important payroll tax figures, effective January 1, 2006.
- Most Retirement Plan Limits Increase for 2007 - Posted 10/27/2007
Summary of cost-of-living changes to retirement plans.
- Year-End Planning Moves That Optimize Election to Expense Business Property - Posted 01/05/2008
Year-end planning opportunities for a calendar-year business that is eligible for a Code Sec. 179 expensing election
- Most Retirement Plan Limits Increase for 2008 - Posted 10/29/2008
The 2008 cost-of-living adjustments for retirement plans.
- Tax Bracket and Other Key 2008 Items - Posted 10/31/2008
Summary of the 2008 inflation adjusted items from the IRS.
- Strategies for Surviving Spouses Designated as Beneficiaries of Decedent's IRAs - Posted 11/14/2008
Summary of options to surviving spouses for inherited IRAs.
- Tax Bracket and Other Key 2009 Items - Posted 08/25/2009
Summary of indexed income tax items for 2009 tax returns.
- Tax Savings Moves for the Remeinder of 2008 - Posted 08/25/2009
Some year-end steps which may be applicable for 2008.
- Most Retirement Plan Dollar Limits Increase for 2009 - Posted 01/14/2010
The 2009 cost-of-living adjustments for retirement plans.
- Getting Ready for Next Year's Liberalized IRA-To-Roth Conversion Rules - Posted 01/13/2011
A look at IRA-to-Roth conversion rules for 2010.
- Hitting the Restart Button on RMD'S in 2010 - Posted 01/13/2011
How taxpayers and their beneficiaries are affected bt the restart of required minimum distributions from retirement plans.
- Tax Aspects of Telecommuting - What Employees and Employers Need to Know - Posted 01/13/2011
A review of tax issues for employees who work off-site from their homes.
- How is an IRA paid out if the beneficiary dies? - Posted 10/23/2011
- Many Tax Changes for Individuals and Retirement Plans go into Effect in 2011 - Posted 10/31/2011
Summary of individual and retirement plan changes for 2011.
- Tax Strategies for IRA Owners Affected by the Precipitous Stock Market Decline - Posted 10/31/2011
Summary of options for IRS owners who have converted to Roth IRAs in 2008.
- New Hire Reporting Program - Posted 11/30/2012
Requirements for reporting newly hired employees.
- Making the Most of Quick Writeoffs for Capital Goods Purchases - Part I - Posted 01/07/2013
Making the most of quick writeoffs for capital goods purchases - Part I.
- Making the Most of Quick Writeoffs for Capital Goods Purchases - Part II - Posted 01/07/2013
Making the most of quick writeoffs for capital goods purchases - Part II
- Making the Most of Quick Writeoffs for Capital Goods Purchases - Part III - Posted 01/07/2013
Making the most of quick writeoffs for capital goods purchases - Part III
- Many Changes for Businesses and Investors go into Effect in 2011 - Posted 01/07/2013
SUmmmary of tax changes effective January 1, 2011, affecting businesses and investors.
- Most Retirement Plan Dollar Limits arfe Changed for 2012 - Posted 01/07/2013
2012 cost-of-living adjustments for retirement plans.
- 2Q/2013 Developments Which May Affect a Tax Situation - Posted 04/15/2014
Summary of 2Q/2013 developments which may affect taxes.
- What are your chances of being audited? - Posted 10/14/2014
Summary based on fiscal year ending 09/30/2013.
- Draft Form 1040 Reflects New Health Coverage Rules and Other Changes - Posted 11/15/2014
Summary of changes to Form 1040 and related schedules for 2014.
- What's New on Form 1040 For Tax Year 2014 - Posted 01/24/2015
Summary of 2014 changes to Form 1040.
- 2014 Year-End Tax Planning - Posted 06/09/2015
Year-end tax planning is especially challenging this year because Congress has yet to act on a host of tax breaks which expired at the end of 2013.
- Many Retirement Plan Dollar Limits are Changed for 2015 - Posted 06/09/2015
Retirement plan cost of living (COLA) adjustments for 2015.
- Payment of Health Insurance Premiums on Behalf of Self-Employed Persons - Posted 06/09/2015
A summary of health insurance reporting and deductibility for owners of pass-through entities.
- Sorting out the Timing Rules for Traditional and Roth IRAs - Posted 06/09/2015
This article sets out timing rules for IRA contributions and rollovers.
- Strategies for a Surviving Spouse Designated as Beneficiary of a Decedent's IRAs - Posted 06/09/2015
Options for a sole beneficiary surviving spouse to use with inherited IRAs.
- How Year-End Purchases of Business Assets Can Save Taxes - Posted 09/30/2015
Summary of depreciation options without bonus depreciation.
- How Increased Withholding May Eliminate Tax Penalty for Some Taxpayers - Posted 11/17/2015
Planning for eliminating tax underpayment penalties
- Documentation is the Key to Charity Deduction - Posted 01/16/2016
A summary of the rules to assure charitable deductions provide the expected tax benefit.
- Penalties Increased For Not Filing Forms 1099 - Posted 01/16/2016
Congress has increased the penalties for failure to file, or late filing of, Forms 1099, effective January 1, 2016.
- When C Corporations Should Defer or Accelerate income - Posted 01/16/2016
Corporate planning to maximize use of lower tax brackets.
- DIstrict Court Ordered to Rethink Its Decision Not to Order Sale of Taxpayer's Home - Posted 05/26/2017
It's possible to lose your home for unpaid tax even if you do not own a 100% interest.
- Tax Breaks for Grandparents Raising Their Grandchildren - Posted 06/16/2017
Summary of current tax breaks for those unexpectedly raising others children.