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Hi, Website Visitor. Here are your Articles for May 21, 2008.
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Energy Efficient Commercial Building Deduction will Expire January 1, 2009

On August 8, 2005, President Bush signed H.R. 6, The Energy Policy Act of 2005 into law. This legislation created a new tax incentive for constructing energy efficient commercial buildings. This deduction is only applicable to building systems installed before January 1, 2009, so it is important to take advantage of this deduction before its expiration.



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529 College Savings Plans: Ohio’s Direct-Sold Plan a Great Value

The 529 college savings plan can be a great option for parents looking to fund their child's college education, but investors need to do their homework to get the maximum return for their money.



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Awareness of Form 990-N

The IRS has released a study on the tax-exempt community's awareness of the new small organization filing requirements. This study, conducted by Russell Research, was published by the IRS as Publication 4685 (1-2008).



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S Corporation Distributions: When are they Deductible?

S Corporations, which are companies granted a special tax status as specified under the Internal Revenue Code, have a different set of regulations when it comes to deducting distributions.



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Postage rates increased
last week -- for the second time in 12 months. Higher mailing costs, along with other financial pressures, may cause companies to cut back on marketing. But this is actually a good time to increase your efforts. Here are four strategies to help your business survive and thrive in today's tough economy.

 How much did it cost to mail a letter 75 years ago? Click "Full Article" to see rates through the years.
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The IRS sometimes challenges the compensation
of corporate shareholder-employees and decides the amounts are too high or too low. If auditors determine your salary is unreasonable, you company could be hit with back taxes and penalties. Here are two cases of taxpayers who contested IRS salary determinations in court, along with some ways to justify a reasonable salary.
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Under the tax code, taxpayers are restricted in deducting losses from activities that are not "engaged in for profit." The IRS frequently argues that certain activities are hobbies, rather than businesses. Read how one taxpayer convinced the Tax Court that her horse-related activity was a legitimate business. We'll also explain how you can help secure tax breaks related to an enjoyable activity you would like to turn into a profitable venture.
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Lehman announces senior management changes
news.yahoo.com - Mon, 8 Sep 2008 00:44:24 GMT

Experts don't expect a cure-all in Fannie-Freddie bailout
chron.com - Mon, 8 Sep 2008 00:43:31 GMT

Bush hosts last T-ball game of his term
sfgate.com - Mon, 8 Sep 2008 00:35:07 GMT

How plan protects taxpayers
cnn.com - Mon, 8 Sep 2008 00:34:50 GMT

Ad group opposes Yahoo-Google partnership
msnbc.com - Mon, 8 Sep 2008 00:34:43 GMT



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