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Greetings Website Guest! Below is your customized newsletter for September 20, 2007.
Taxpayers Showing Losses on Schedule C are in the Spotlight

According to IRS estimates, incorrect deductions of hobby expenses account for a portion of the overstated adjustments, deductions, exemptions, and credits that result in about $30 billion per year in unpaid taxes. The IRS faces considerable challenges in administrating the tax law for taxpayers who take Schedule C losses year after year for potentially not-for-profit activities. Read more...


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The Art of Making Small Talk

Do you feel uncomfortable making conversation in either social or business situations? Do you worry about embarrassing yourself, wonder what to say, feel out of place, stumble over words, feel physically uncomfortable? Do you watch other people talk socially and wonder how they make it look so easy? Read more...


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Twelve Tips for Funding College Education

Benjamin Franklin said the only two things that are certain are death and taxes. It's a safe bet that you can add "college costs will continue to rise" to that list. How can you afford $15,000 to $40,000 per year for four years when you have two children or more? Read more...


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Boomers Use Online Brain Games to Stave Off Dementia


It turns out that working crosswords, playing number games (as if you can't get enough of numbers during the work day), playing video games, and using other memory improvement techniques can not only be fun and challenging, but can help keep your mind intact as you age. Read more...


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Collapse of mortgage market brings unanticipated tax consequences to homeowners
With the subprime mortgage mess wreaking havoc across the country, many homeowners who over-extended themselves with creative financing arrangements and exotic loan terms are now faced with some grim tax realities. Not only are they confronted with the overwhelming possibility of losing their homes either voluntarily through selling at a loss or involuntarily through foreclosure, but they must accept certain tax consequences for which they are totally unprepared.


Many homeowners - whether in connection with their principal residence or a vacation property - may not anticipate that foreclosure and a home sale that produces a loss can trigger significant and unexpected income tax liabilities, especially when the sale does not produce enough gain to pay off outstanding mortgage debt. Read more...



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The current sub-prime mortgage
lending crisis, combined with lower home prices in many markets, can have negative tax implications for taxpayers who are forced to sell their personal residence or if their lenders foreclose. This article explains what you need to understand about taxes before making any moves in this unfavorable environment, as well as the latest White House proposal to help taxpayers stay in their homes.
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Make sure your company is taking advantage
of one of the best tax breaks available to businesses today. Here are the details on deductions for business equipment and machinery.
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Stop wasting time with chit-chat 
at professional functions. Those events are an opportunity to network and expand your circle of contacts and potential customers. Click "Full Article" for a smart four-step plan that can help you get the most out of your next professional get-together.
Copyright © 2008

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Don't waste precious advertising
dollars with a misdirected direct mail campaign. You might be surprised to find out what the most important factor is when you make your company's pitch by mail. Click "Full Article" to find out.
Copyright © 2008

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Shares Of Macy's Tumble On Weak 2008 Outlook
AllHeadlineNews.com - Fri, 10 Oct 2008 18:46:46 GMT

Oil Falls 7 Percent on Demand, Risk Concerns
javno.com - Fri, 10 Oct 2008 18:42:21 GMT

White House dismisses idea of market suspension
gulfnews.com - Fri, 10 Oct 2008 18:41:57 GMT

Crude craters below $80 per barrel
chron.com - Fri, 10 Oct 2008 18:39:42 GMT

Japanese man held in LA for wife's 1981 slaying
sfgate.com - Fri, 10 Oct 2008 18:31:22 GMT


 

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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