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Hello, Here are your Articles for February 11, 2008.
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It happens every year. Around the time that tax returns come due, some people start rolling out arguments that they are not legally required to pay taxes -- or they claim they don't have to pay taxes on moral or ethical grounds. Do these arguments ever work? Click "Full Article" for a list of frivolous positions that the IRS and the courts have routinely rejected with stiff penalties.
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When you leave the workforce to retire, or if you switch jobs, you have to determine how to take distributions from your company retirement plan. The decision can have major tax implications. Here are four basic options, as well as the exceptions that allow a taxpayer to take money from a qualified retirement plan before age 59 1/2 without having to pay the 10 percent early withdrawal penalty.
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President Bush just signed the Economic Stimulus Act of 2008. The centerpiece of the new law is a provision authorizing tax rebates that will be sent to eligible individuals beginning in May. But the legislation also contains valuable tax breaks for businesses. Here are the rebate details, including who qualifies, how much they will get, why large families really benefit, and how some taxpayers will get a second chance to collect cas
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 When you sell shares of stock after a split, make sure you can tell the IRS which shares you're selling and when you originally purchased them. If you don't keep accurate records, you might pay too much tax on your profit.
Copyright © 2009
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, 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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If you're looking for a benefit that provides tax savings for employers and employees, consider a flexible spending account plan at your company. It's a low-cost addition to your benefits package that can be set up for health care expenses that aren't reimbursed by insurance and dependent care expenses. Click "Full Article" to see how your business, as well as your employees, can benefit.