CPA Client Bulletin articles from February 2003

CPA Client Bulletin archives from February 2003

A menu of tax breaks for education.
February 1, 2003... Worried about the rising cost of tuition? Some wide-ranging tax law changes may provide you with a little extra lunch money. Here is what's on the education menu that could take a bite out of your taxes. Coverdell Education Savings...

Buying property and liability insurance for your business.
February 1, 2003... Because insurance is invisible and complex and can differ widely from one business to another, it's hard to know if you have the right coverage in the right amounts for your company. Although insurance can be confusing, it provides valuable...

Some taxpayers may change pension distribution method.(Brief Article)
February 1, 2003... Some taxpayers avoid an early withdrawal penalty when taking funds from IRAs or pension plans by using the "annuity exception"--a series of substantially equal periodic payments over the taxpayer's life expectancy. The IRS provides three...

Did you know?(insurance statistics)(Brief Article)
February 1, 2003... The global insurance industry had $2.4 trillion in premium income in 2001. Of that total, $1.4 trillion represented life insurance, and $1 billion non-life coverage. Source: www.swissre.com

Tax calendar.(Calendar)
February 1, 2003... FEBRUARY 2003 February 10 Employees who work for tips. If you received $20 or more in tips during January, report them to your employer. You can use Form 4070. Employers. File Form 940 (or Form 940-EZ) for 2002. This due date...