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Tax TipsTax Tips are not a substitute for legal, accounting, tax, investment or other professional advice. Always consult with your trusted accounting advisor before acting upon any Tax Tip.
AUGUST 2010 TAX TIPS
Go Directly From a 401(k) to a Roth
Future incentives for rolling over funds
Do you want to transfer your 401(k) plan assets to a Roth IRA? Under a recent tax law change, you can make the move in one fell swoop. Previously, it took two separate steps. In addition, another tax law provision taking effect this year may encourage this direct approach. [continue]
Gaining Remote Access to Your Computer
Know the basic options at your disposal
We have come a long way since desktop computers became a staple of the office and the home. Initially, you had to be stationed in front of your computer screen to view the files and use the programs on your desktop. As most of you are well-aware, the technology in this area has moved forward in leaps and bounds. [continue]
Should You Give to a Donor-advised Fund?
Advantages of alternative to private foundations
Wealthy entrepreneurs with charitable intentions may choose to set up a private foundation. But a more convenient alternative is gaining in popularity: the donor-advised fund. [continue]
IRS Reveals "Dirty Dozen" Tax Scams
Every year, the IRS issues a list of "dirty dozen" tax scams to watch out for. [continue]
New Law Revamps Student Loan Program
Four key provisions can benefit borrowers
The new Health Care and Education Reconciliation Act of 2010--recently signed in conjunction with the monumental new health care law--includes dramatic reforms in the federal student loan program. This new legislation could affect families of all stripes for years to come. [continue]
Facts and Figures
Timely points of particular interest
*Mortgage Interest--In a new case, a couple put a home in a trust but remained liable for the mortgage. [continue]
TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.
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