– Deborah A. Morgan, CPA
Good News…
On December 26. 2007, President Bush signed the Tax Increase Prevention Act of 2007. What does that mean for you, your family, your tax picture? Let me tell you.
Without this “patch” (as predicted by the US Treasury and IRS), 25 million taxpayers would have had to pay an average of [...]
Entries Tagged as 'Personal Finance'
PERSONAL FINANCE: Don’t Panic! The “Patch” Is On – and Temporary Tax Relief Is On the Way
February 29th, 2008 · No Comments
Tags: Connections Vol.1 No.4 · Deborah A. Morgain · Mortgage Debt Relief · Personal Finance · Tax Preparation · Taxes · Taxes 2007
PERSONAL FINANCE: What to Bring With You To the Taxman
January 28th, 2008 · No Comments
– Deborah A. Morgan, CPA
OK. Time to get organized. You should receive all 1099 forms by January 31st or shortly thereafter. What do you need to have when you visit your taxman? Here are some basics…
Essential “Bring-Withs”
Your W2
Last years return statement (if your accountant doesn’t already have it)
A 1099 INT form
1099 DIV form
1099B [...]
Tags: Connections Vol.1 No.3 · Deborah A. Morgan · Personal Finance · Tax Preparation · Taxes
PERSONAL FINANCE: How to Reduce Your Taxable Income (Part II)
December 21st, 2007 · No Comments
– Deborah A. Morgan, CPA
In order to benefit from year-end tax planning it is always a good idea to look at two years at a time…say, 2007 and 2008.
By so doing, you can compare and determine (based on your particular situation) whether deductions should be moved from 2008 into 2007 or your income deferred from [...]
Tags: Connections Vol.1 No.2 · Deborah A. Morgan · Personal Finance · Reducing Taxable Income · Taxes
PERSONAL FINANCE: How to Reduce Your Taxable Income (Part I)
November 16th, 2007 · No Comments
– Deborah A. Morgan, CPA
It’s getting towards the end of the year and it’s a good time to start thinking about ways to reduce your taxable income.
Let’s start with an easy way to do just that (and feel good in the process): donate to a charity.
Checks are the easiest way to make a tax-deductible donation. [...]
Tags: Connections Vol.1 No.1 · Deborah A. Morgan · Personal Finance · Reducing Taxable Income · Taxes
