Tax Tips of the Week
for Cleveland Seniors & Boomers

Meet our Financial Experts
Ciuni & Panichi, Inc.

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Early deduction for Haiti relief donations
New law lets you lets you take an early tax deduction

Tax Filing Status Advice
Widowed, divorced, remarried? - Tips to determine filing status

Vehicle tax breaks for 2009
Are you eligible for deductions on your federal income tax return?

Tax issues come with gifting stock
The fair market value determines the amount of your gift - and any tax

Some IRA terms you should know
Conversion, Recharacterization and Reconversion

Find $5000 in a garage sale piano. Is it taxable?
When is income taxable? Expert Financial Advice

Capture tax breaks when you refinance
Did you refinance your mortgage while interest rates were low?

Prepare now for a possible disaster
There's never a good time to plan for a disaster. There's never a better time either.

Don't fall victim to a tax scam
Did you get e-mail from the Internal Revenue Service?

A new vehicle could give you a new tax break
It may be time to buy a new car

Who owes self-employment tax? You might
No matter your age - even if you're receiving social security

Can you deduct a Roth IRA loss?
Did you liquidate your Roth IRAs in the aftermath of last year's stock market decline?

Know the tax rules for retirement plan withdrawals
Hardship withdrawals and Loans

Don't neglect your estate plan
Trusts, Wills & Beneficiary designations

Tax-free withdrawals from Section 529 plans
Consider four terms that can affect the taxability of withdrawals.

Economic stimulus payments update
Direct deposit relief and help for military families

Are you keeping up with tax law changes?
Congress has passed at least one major tax law each year since 2001

Congress increase standard mileage rates
Due to high gas prices

Investments, Insurance & Estate Planning
Make the most of your advisors

Make this simple estate tax planning move
It's called a Beneficiary Designation Form

A summer business could create tax issues
Does your Garage Sale need to be reported?

When to amend prior year tax returns
and cash saving reasons you may need to amend

Make some last-minute tax moves
Three last-minute moves before April 15 arrives

Do you qualify for a home-office deduction?
Two questions that can help you decide if you qualify

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Itemizing tax deductions
Three facts you should know

Business Tax Returns
What if you can't make the March 17 filing deadline?

Tax Rebate Checks
Are coming this Spring

Medical Deductions
Be sure to count them all

Late tax changes may delay filing
Does this affect you?

Missing a Tax Return?
How to get a copy

Saver's Credit
Are you missing out?

Record Keeping Requirements
For your Financial Contributions

Year-end tax strategies for investors
Plan now to achieve the best results

Year-end tax to-do's for individuals
Three actions for your to-do list

Year-end tax planning for business owners
What you can do before the end of the year

Zero capital gains rate coming in 2008
Plan now to make the most of this limited situation

Bad Business Debts
Can you take a Tax Deduction?

Casualty Loss
How to determine the amount of the deduction

Plan for the tax consequences
of required minimum distributions

The IRS is Coming
New random audits will begin this month

Tax Effects of Foreclosure
Losing a home in foreclosure proceedings could result in taxable income

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Have new employees in your business?
The forms you need to have on hand

A Retirement Plan Tune Up
For your business

Employee or Independent Contractor?
If people work for you, this is important

Home Energy Tax Credits
This credit is due to expire

Nondeductible IRA contributions
Keep track of them as well

Private Mortgage Insurance Deduction
A new tax break for homeowners

Changes in the "Kiddie Tax"
Not just for Kids anymore

The Work Opportunity Tax Credit
Could benefit your business

New Small Business Tax Act signed
What does it mean for you?

Summer Job Tax Tips
Your child or grandchild should know

First Time Home Owner?
Learn these important tax items

Own a Vacation Home?
Consider these tax tips

Tax to-do's for June
Three suggestions for the summer

Tax Tips for when you Change Jobs
Planning to change employers this year?

How long should you keep tax records?
A quick guide to help you cut through the clutter.

Forget something on your Tax Return?
What you need to do

Don’t fall for these tax scams
Three common schemes to watch out for

Know your top Tax Bracket
To help save on taxes

Watch for carryforwards
In your tax planning

Estimated taxes
Do you have to pay them?

Need more time to file your tax return?
Get an extension — no explanation is necessary

2003 Tax Year Refund
Are you about to lose it?

Is that business expense deductible?
Rules and Restrictions

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Deducting mortgage interest
What you should know

Look "above the line"
For Tax Savings

The basics on "basis"
How do you establish it?

Filing Taxes
What else do you have to file?

The Phone Tax Refund
Don't Forget to Claim It

File Your Taxes Early
Three Reasons why it's better

Tax Deductions
You can still take these three deductions

Year-end tax information forms
Check them carefully and swiftly

Tax Software vs Tax Professional
A tax professional gives more than a tax return

Retirement savings in 2007
Higher limits will help

College savings plans are now permanent
Updates on the popular Section 529 plan

Charitable Deductions
There's more than one way to be charitable

Consider bunching your itemized deductions
If you're on the borderline

2006 mutual fund distributions
Are you ready?

When disaster strikes
Know the special tax rules

The new Pension Protection Act
Creates a charitable donation opportunity

Save on Taxes
While you save for Retirement

The HERO Act
Gives a tax break to the military

Capital Gains Taxes
Not all Capital Gains are created equal

Save on Energy
and Save on Taxes

Did you turn 70 and 1/2 this year?
IRA decisions to make

Do an investment review
as part of your tax planning

Fall Tax Tune-Up
5 key areas to review

Recent pension law
included some retirement tax breaks

Bonus Tax Refund
from your 2006 taxes

The new Pension Law
changes Charitable Donation Rules

No change in the estate tax
but don't postpone your planning

Manage your adjusted gross income
to save your Tax Breaks

Deduct business driving costs
2 choices: Standard Rate vs Actual Cost

Did you make a mistake?
When to amend your tax return

New "kiddie tax" covers more kids
Income Shifting can be affected

Grandkids working a summer job?
They should start an IRA

Plan your annual tax-free giving
Up to $12,000 each tax free

Vacation Home Planning
Can save your tax deduction

Hybrid Car Update
Don’t miss out on your tax credit

Children's Summer Jobs
How they affect your (and their) taxes

Prepaid college tuition plans
Just became a little more favorable

New tax bill recently passed by Congress
The bill extends existing tax breaks

Someone getting Married?
Marriage calls for a tax review

Remodel vs Repair
Know the Tax Impacts on Home Improvements

Child care tax credit
Applies to elderly parent or a disabled spouse too

Buying a House?
Don't overlook tax benefits

Kiddie Tax Threshold
Goes up for 2006

Buy early to maximize
Hybrid Vehicle tax credit

Estate taxes fall
but you still need a plan

Extensions for filing taxes
New rules make it easier

Tax breaks for education expenses
A one-time opportunity to double up

Miscellaneous Tax Deductions
You may have overlooked

Don’t miss this April 3 deadline
If you are 70 and 1/2 years old

Last Year's IRA
Still time to contribute

Alternative Minimum Tax
Will you have to pay?

Energy Tax Breaks
Available for certain businesses

Donate a Car to Charity?
What you need to know about tax deductions

Tax Reporting Simplification
for Small Business

Improve your home’s energy efficiency
and earn a tax break

Standard or Itemized Deduction
Know the difference

New Year tax resolutions
Expand your list of New Year resolutions

What’s new for 2006?
Learn about a number of tax changes

New Roth 401(k)
New investment option to consider

Business Gifts
Know the Tax Rules

Trim your 2005 Taxes
With these last minute tips

There’s still time to make a tax-free gift
Use your annual gift tax exclusion

Hybrid Vehicles Tax Tip - 12/05/05
Changes are coming for hybrid tax breaks

Tax Tip of the week - 11/28/05
Special rules let you tap into your retirement savings

Tax Tip of the week - 11/21/05
Mileage Reimbursement

Tax Tip of the week - 11/14/05
It’s time to review your investments

Tax Tip of the week - 11/07/05
Did you receive your 2004 tax refund?

Tax Tip of the week - 10/31/05
Changing jobs?
Decide how to handle your 401(k) funds

Tax Tip of the week - 10/24/05
Avoid the rollover trap

Tax Tip of the week - 10/17/05
Organize your 2005 tax records

Tax Tip of the week - 10/10/05
Hurricane Katrina tax relief is signed

Tax Tip of the week - 10/03/05
It's time to review your 2005 tax situation

Tax Tip of the week - 9/26/05
Section 529 Plan to help with college payments

Tax Tip of the week - 9/19/05
Note the new standard mileage rates for the remainder of 2005

Tax Tip of the week - 9/12/05
Tax savings in the new energy bill

Tax Tip of the week - 9/05/05
There's still time to change last year’s IRA contribution

Tax Tip of the week - 8/29/05
Share these tax reminders with new graduates

Tax Tip of the week - 8/22/05
Cut current taxes with an exchange

Tax Tip of the week - 8/15/05
Tax breaks for the disabled

Tax Tip of the week - 8/08/05
Kid or Grandkids working a summer Job?
Help them start an IRA

Tax Tip of the week - 8/01/05
Someone getting married? Some great advice

Tax Tip of the week - 7/25/05
How to correct a mistake on your return

Tax Tip of the week - 7/18/05
Flexible Spending Arrangements

Tax Tip of the week - 7/11/05
Use the summer to update your estate plan

Tax Tip of the week - 7/04/05
Give your child a job for the summer

Tax Tip of the week - 6/27/05
Save on your taxes while you save at the pump

Tax Tip of the week - 6/20/05
First-time homebuyer? You’d be surprised who qualifies for this tax break

Tax Tip of the week - 6/13/05
Is the alternative minimum tax in your future?

Tax Tip of the week - 6/06/05
Get medical insurance and tax savings too

Tax Tip of the week - 5/30/05
Maximize your 2005 retirement savings

Tax Tip of the week - 5/23/05
State sales tax boost itemized deductions?

Tax Tip of the week - 5/16/05
How mortgage "points" affect your taxes

Tax Tip of the week - 5/9/05
Your car or truck could provide tax savings

Tax Tip of the week - 5/2/05
Work-related education expenses can be deductible

Tax Tip of the week - 4/25/05
Taxes on your social security benefits

Tax Tip of the week - 4/18/05
Should you be making estimated tax payments?

Tax Tip of the week - 4/11/05
Deducting medical expenses? Don’t overlook health insurance premiums

Tax Tip of the week - 4/4/05
If you can't file by April 15, apply for an extension

Expert Tax Tip - March 7, 2005
There's still time to cut your 2004 tax bill.

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If you have questions for our Financial Expert, Click on the link to E-Mail us at: finance@ClevelandSeniors.Com

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