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Changes to the Home Sale Gain Exclusion
Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the two-year ownership and use tests for the exclusion were satisfied. However, the Housing Act recently changed the method for recognizing post 2008 gain on the sale of a principal residence formerly used as a vacation or second home.
E-Zine Friday, November 06, 2009

Upcoming Tax Holiday - What You Need to Do Now to Maximize Your Tax Free Investing
TIPRA is an acronym for a relatively new tax law passed just a few years ago. In essence, one of the major opportunities provided by this tax act related to investing with your traditional and Roth IRA's. This 2010 tax rule will allow taxpayers to convert or rollover funds from a Traditional IRA to a Roth IRA regardless of their income level. Read on to see how this new law might benefit you.
E-Zine Friday, November 06, 2009

Are Travel Expenses Tax Deductible?
Can you write off your next vacation? Find out what you need to do to make your next vacation or business trip tax deductible.
E-Zine Friday, November 06, 2009

Congress Extends Numerous Tax Breaks
The recent Tax Extenders and AMT Relief Act of 2008 (Extenders Act) provides extensions for several popular tax breaks and the addition of several new relief provisions, including disaster-area tax relief. Following is an overview of some of the key provisions for individuals and business owners in the new legislation.
E-Zine Friday, November 06, 2009

Business Benefits of the Stimulus Act
As you have probably heard, the recently enacted Economic Stimulus Act of 2008 (Stimulus Act) provided tax rebates for millions of individuals. The Stimulus Act also provides some generous tax breaks for businesses, particularly small and medium size businesses. These business provisions are intended to encourage investment and generally provide for faster depreciation (expensing) of qualified business equipment.
E-Zine Friday, November 06, 2009

List of Tax Deductions
A list of tax deductions is a good guide in preparing one's taxable income for the year. Tax deductions should be applied as necessary so one will have a fair computation of his total income tax.
E-Zine Friday, November 06, 2009

Discover What Tax Liens Are and How You Can Profit From Them
A tax lien is a terrific system for Americans to acquire land or homes that have defaulted on their taxes. Many states allow their citizens to purchase tax liens. When a landowner or homeowner does not pay their property taxes, the state in which that land or home is located can put what is called a lien on the property until the past taxes are paid.
E-Zine Friday, November 06, 2009

Public Pensions Face Ugly Choices
Bankruptcy, taxpayer bailouts appear inevitable.
Forbes Friday, November 06, 2009

How Taxation Rules Your Investment Options
You grow your savings so to use them later. Outside of contributing they grow according to how you invest them. Government's taxation plays an important part in how you choose what to invest in and how to hold that investment. This article overviews how your savings or investments are taxed and how that influences what you choose to invest in.
E-Zine Friday, November 06, 2009


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