CPA Client Bulletin articles from October 2002

CPA Client Bulletin archives from October 2002

Save on taxes by putting your children to work.
October 1, 2002... Do you run a business in which your children can help out? Paying them wages for the work they do can teach them many good lessons, help them put aside money, and can save you taxes at the same time. How does it work? In order for your...

October 31 deadline to make loss carryback choice.
October 1, 2002... Did your business have a net operating loss (NOL) for the tax year that ended in 2001 or earlier in 2002? Prior to a law change earlier this year, a taxpayer could choose to carry back the loss as a deduction to offset business income in the...

Points paid for a mortgage--deductible or not?
October 1, 2002... With mortgage rates the lowest they've been in 35 years, many homeowners are considering the possibility of refinancing their mortgage. Whether you are refinancing an existing mortgage or purchasing a new home, it is important to consider the...

How to cut down on junk email.
October 1, 2002... "Click Now to Claim Winning Ticket!" "Lose 20 pounds by Saturday!" Emails like these may clog up your in-box every day. While there is no foolproof method to get rid of these unsolicited and annoying junk mail messages (also called spam), there...

Tax calendar.(Brief Article)(Calendar)
October 1, 2002... October October 10 Employees who work for tips. If you received $20 or more in tips during September, report them to your employer. You can use Form 4070. October 15 Individuals. File a 2001 income tax return and pay any tax...