CPA Client Bulletin articles from November 2002

CPA Client Bulletin archives from November 2002

Year-end tax planning for individuals.
November 1, 2002... Even though December 31 may still seem far away, it will arrive before we know it. Now is the time to take the tax planning steps that will make a big difference on your tax bill next April. Where are you now? Before undertaking any...

Tax-trimming tips for businesses.
November 1, 2002... Regardless of the form in which you do business--sole proprietorship, partnership, LLC, C corporation, or S corporation--there are many steps you may be able to take in the last few months of the year to make a difference in your tax bill. ...

Is it time to switch to a Roth IRA?
November 1, 2002... When Congress created Roth IRAs in 1997, it also set up a way for taxpayers to convert a traditional IRA to a Roth IRA, for those individuals who preferred the tax treatment of a Roth. Although the rules pertaining to conversions have changed...

Tax reminders for newlyweds.(Brief Article)
November 1, 2002... It may not be high on the list of wedding planning or follow-up activities, but there are a few, simple steps that can help keep tax issues from interrupting newly-wedded bliss. In the midst of the more exciting events taking place, newlyweds...

Property tax relief for seniors.(Brief Article)
November 1, 2002... Good tax planning including minimizing more than just income taxes. For seniors, there may be a way--even multiple ways--to save on your state or local property taxes. Even better, some benefits are not restricted by income level, and, in some...

Tax calendar.(Calendar)
November 1, 2002... NOVEMBER November 12 Employees who work for tips. If you received $20 or more in tips during October, report them to your employer. You can use Form 4070. Employers. For Social Security, Medicare, and withheld income tax, file...

Thanksgiving by the numbers.(Brief Article)
November 1, 2002... 270 million Estimate of turkeys raised in the U. S. during 2001 558 million pounds Estimate of cranberry production in the U. S. in 2001 1.4 billion pounds Amount of sweet potatoes produced in the U. S. in 2000 Source: U.S....