Newsletter

Certified Public Accountants - CPA - Traverse City, MI (231) 922-8610

Larry@LEWilliamsCPA.com

We here at L. E. Williams & Company, P.C. feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.

March-April 2008 Tax Impact Newsletter Don't get tripped up by travel expense rules; The ins and outs of inherited retirement plans; 529 Plans, A college savings strategy that makes the grade; Tax Tips, HSAs Healthy Investments, Contractor vs. Employee, Why you may want to trade life insurance for cash, Do you have a contingency plan, and more...

January-February 2008 Tax Impact Newsletter Seal your exit strategy with an ESOP; Bulletproofing your FLP - a high-caliber planning tool, the IRS' target; 5 post-year-end tax strategies to reduce your 2007 tax bill; Tax Tips, new lodging rules, and more...

Nov-Dec 2007 Tax Impact Newsletter A portfolio examination before year end, your prescription for fiscal fitness; Affairs of state, managing multistate taxation; Filling in the blanks, powers of appointment add flexibility to your estate plan; Tax Tips, business tax relief, shifting income, and more...

September-October 2007 Tax Impact Newsletter Shopping for Tax Savings; Uncertainty Principles, accounting for income taxes under FIN 48; Limited Partnerships, estate planning opportunities for unmarried couples; Tax Tips, the manufacturers deduction, deducting education costs, and more...

July-August 2007 Tax Impact Newsletter Do You Qualify for Child or Dependent Tax Breaks? Extra Credit, expanded tax benefits for qualified research; How a Simple Estate Planning Took Can Save a Lot of Taxes; Tax Tips: disclosing uncertain tax positions, stretching out estate plan payments and more...

May-June 2007 Tax Impact Newsletter Dating Games - Backdating Stock Options Can Ensnare Public and Closely Held Companies; 3 Tax-Wise Strategies For Sharing Your Wealth; How To Minimize Taxes When Giving Away Your Retirement Savings; Tax Tips - Revitalized Tax Benefits, Capital Gains and More...

March-April 2007 Tax Impact Newsletter Energy Efficient Buildings Can Provide Insulation From Taxes; Finding Your Comfort Zone - Annuities Can Provide Financial Peace of Mind; Be Tru to Your Beneficiaries - a Total Return Unitrust Can Help Avoid Conflicts of Interest; Tax Tips Roth 401(k)s, Life Insurance, Burden of Proof for Charitable Contributions, Flex Appeal - Flex Spending Accounts

Jan-Feb 2007 Tax Impact Newsletter Tick Tock, Timing is Everything When Making Philanthropic Decisions; Choosing When to Start Collecting Social Security; What Have You Got to loose? Maximizing Deductions for Partnership and LLC Losses; 529 Plan Tax Breaks; Taxes and Emotional Distress; Claiming a Long-Distance Excise Tax Refund; Give Away Your IRA?

Nov-Dec 2006 Tax Impact Newsletter Moving to Another State? Be Sure to Check Out the Tax Climate, Production Numbers - Understanding the Manufacturers' Deduction, Avoiding Withdrawal Pains - 6 Ways to Tap IRA Funds Penalty-Free, IRA Conversion, GST Taxes and more

Sep-Oct 2006 Tax Impact Newsletter Last of the Red-Hot Export Incentives, Businesses Can Use the IC-DISC to cut their tax bills - Shredding Personal Records - How Long Should You Keep Personal Records - Why Dec 31 Should Be Your Personal Tax Deadline - A GRAT Way to Transfer A Family Business - Tax Tips Business Use of Listed Property, Tax Scams and more

Jul-Aug 2006 Tax Impact Newsletter Cutting-Edge Tax Strategies for the Under Depreciated, Making the Most of the Home-Sale Exclusion, How Long Should You Keep Business records, Marriage of Equals - To Reduce Estate Taxes Share the Wealth


Home Office Deductions If you are self-employed (or considering becoming self-employed) and working out of an office in your home, there are strict rules that apply to deducting expenses related to a home office. If you are able to meet these requirements, the expenses related to your home office will qualify for the more favorable treatment as above-the-line business expenses.

IRS Warns Taxpayers of a New Phishing Scam The IRS recently warned taxpayers of a new phishing scam in which a phony IRS email tells recipients they can receive $80 by filling out an online customer satisfaction survey.

New Tax Legislation Includes Congress recently passed several tax bills, most notably the Tax Increase Prevention Act of 2007 (Tax Increase Prevention Act), which contained the so-called "AMT patch."