Hi, Website Visitor. Here are your Articles for November 28, 2007.
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Rea & Associates, Inc. Announcements
Don't Forget About Your IRA
Are you temporarily in a low income situation? Are you over 59 ½, and do you have an IRA? If you can answer "yes" to all of these questions, you may want to consider taking distributions from your IRA even if you don't currently need the money.
The IRS is looking for 115,478 taxpayers who are due refund checks worth about $110 million after the checks were returned as undeliverable. The refund checks, averaging about $953, can be claimed as soon as taxpayers update their addresses with the IRS. Some taxpayers have more than one check waiting.
Ohio R&E Credit Available to Offset CAT Liabilities
Since 2004, the Ohio Revised Code has authorized a credit against a taxpayer's Ohio corporate income/franchise tax liability for qualified R&E expenditures.
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
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