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Hi, Website Visitor. Here are your Articles for April 30, 2008.
Upcoming Events – Grassi Events & More

Grassi & Co. is keeping busy in after-tax season mode. We have a number of events, seminars, and trade shows coming up in the near future. Click the full article link below to see what's going on at Grassi...

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Joel Ackerman Honored By The Epilepsy Foundation of Long Island

Grassi Tax Principal Joel Ackerman was recently honored along with his wife and children as the 2008 Naomi Silverman Family of the Year by The Epilepsy Foundation of Long Island. Click on the full article link below to read more about the Ackerman family's honor...

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1031 Like-Kind Exchanges

If you're getting ready to sell property and have become discouraged when your advisor tells you how much tax you'll have to pay, take heart. What if we told you it doesn't have to be as bad as it seems?  You may not have to pay these taxes at all - or at least not until some point in the future. Click the full article link below to find out more about 1031 Like-Kind Exchanges...



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Attention Small Exempt Organizations: New Form 990-N Due May 15th

Small tax-exempt organizations always have been "exempt" from filing any forms with the Internal Revenue Service. In 2008 this will no longer be the case.  Small tax-exempt organizations, whose annual gross receipts are normally $25,000 or less, have not been required to file a Form 990 or Form 990-EZ, Return of Organization Exempt From Income Tax. However, for tax periods beginning after 2006, these organizations WILL be required to file a Form 990-N. Click the full article link below for more about this development...



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Networking: It's All About Relationship Building

With membership fees running from several hundred dollars a year to several thousand dollars a year, due diligence is a must before making a financial and time commitment to any organization. Click on the full article link below to read Grassi Advisor guest author Mindy Ferrentino Wolfle's article on networking...

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Gasoline prices are at record highs with the nationwide average cost-per-gallon hitting $3.57 last week. That makes fuel a prime target for cost-cutting. Here are some smart ways your company can help boost its bottom line by taking smart driving and vehicle maintenance steps.

 What is the most expensive state to buy gas? Which passenger vehicle is the most fuel-efficient? Click "Full Article"
Copyright © 2008

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If your business is operated as an S corporation, there's good news from the IRS about the deductibility of health insurance premiums you pay for coverage on yourself, your spouse and dependent children. Take a look at how the IRS has reversed itself. There might even be an opportunity to claim a refund on an amended return.
Copyright © 2008

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Can you deduct the cost of a face lift? How about "Lasik" eye surgery? Some of the procedures that pass muster with the IRS may surprise you. Take a look at some unusual qualified medical expenses that might allow you to get a tax break.
Copyright © 2008

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