Newsletters
| New Law Provides
Two Important Business Tax Breaks |
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By now,
you've probably heard about the new federal law
that will be providing tax rebates to qualified
individuals, beginning in May. But the Economic
Stimulus Act also includes valuable new tax breaks
for businesses on qualifying equipment and vehicles that
they purchase. Click "Full Article" to find out which
businesses are eligible, how much they can claim and
what type of assets qualify. Copyright ©
2008 |
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| Tax Court Tightens
Exception for Education Withdrawals |
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In general,
you can't take early distributions from your
IRA without paying a penalty. But there are exceptions.
For example, you can take out money to pay "qualified
higher education expenses." Does a personal computer
used by a college student qualify? Find out how the Tax
Court ruled on that question by clicking "Full
Article." Copyright © 2008 |
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