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Hello! Here are your articles for July 16, 2008.
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NeXt! Graduates

Congratulations to Mindy Heck and Christine Koenig for completing the arts leadership program of the Fund for the Arts. Click on "Full Article" to read about this wonderful program.



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Taking a Tax Shortcut on Mortgage Insurance

Does your mortgage lender require you to pay insurance premiums as protection against default on the loan? Mortgage insurance is typically required by lenders for those who buy homes with low or no down payments. The good news: Premiums for qualified mortgage insurance can potentially be treated as deductible mortgage interest on your tax return. This deduction is currently available through 2010 and the IRS has issued guidance showing taxpayers how to allocate expenses in order to claim them. Click "Full Article" for the details.

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Enhanced profits and significant cost savings can be a natural outgrowth of making your business "green." Many companies are finding that consumers demand it and that, despite initial costs, revenues can increase substantially in the long term. Here's a list of 36 eco-friendly ideas your business might be able to implement, along with a new list of the 10 most fuel-efficient cars on the market.
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Business owners have more retirement choices with the introduction of some new plans. Take a look at two tax-saving options that can make your golden years shine even brighter.
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Deferring taxes to the maximum extent allowed is usually the smart course of action, according to conventional wisdom. That means keeping as much money as possible in accounts such as traditional IRAs for as long as possible. But for some people, deferring taxes to the max is no longer be productive given the current tax rate outlook. Click "Full Article" to learn why you can have too much tax deferral in some cases, as well as alternative savings strategies that can help you keep more of your money.
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Bernanke says Fed must review stand on rates
channelnewsasia.com - Tue, 7 Oct 2008 18:48:37 GMT

 Record-High 82% Say Now Is a Bad Time to Find a Job
gallup.com - Tue, 7 Oct 2008 18:36:04 GMT

 Overview: Gloom persists in spite of fresh move by Fed
ft.com - Tue, 7 Oct 2008 18:35:04 GMT

 Fed makes another Star Trek move
stltoday.com - Tue, 7 Oct 2008 18:33:50 GMT

 Bernanke: Economic outlook weaker
cnn.com - Tue, 7 Oct 2008 18:33:46 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 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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