March 2011 CPA eNewsletter
March 7, 2011 by Ira Warhaftig
E-CPA – March 2011
BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA
INSIDE THIS ISSUE:
1. WARHAFTIG & ASSOCIATES, CPA Update
2. Important Dates – Mark Your Calendar
3. Considering a Refund Anticipation Loan?
4. Last-Minute Tax Preparation Tips
5. Tax Deductions from Planet Weird
6. The Latest on the AMT
7. Tax Tips for Lowering Your Education Costs
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1. WARHAFTIG & ASSOCIATES, CPA UPDATE
Please remember, if you are in need of any financial and/or tax advice during the course
of the year, feel free to call to make an appointment.
Tax season is upon us, appointments are being accepted for any time after 6pm
during the week or from 8am to 10pm on the weekends. You can also mail your
tax documents and we will prepare the returns and mail them back.
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2. IMPORTANT DATES – MARK YOUR CALENDAR
You have until April 18th to file your 2010 tax returns, but don’t wait until then,
you can get them done now and avoid any problems.
Remember, if you received the $7,500 tax “Loan” in 2008 for first time homebuyers, you
will have to begin paying this back starting in 2010. $500 will be paid back over the next
15 years.
Moving from one job to another, do you want to move your 401k but need some
advice on how to move it, or even where to move it to, call for a consultation.
Please call if you have any questions or concerns.
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3. Considering a Refund Anticipation Loan?
Tax season is in full swing, and many taxpayers are anxious to get their refunds as soon as possible. Some may even consider accelerating the process with a refund anticipation loan. Hear from a New Jersey Society of CPAs member on why these loans may not be the best option. http://www.moneymattersnj.com/story.cfm?sid=15349
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4. Last-Minute Tax Preparation Tips
In the final frantic hours before filing your 2010 taxes, don’t lose track of the deductions
most taxpayers frequently miss. It could mean more money in your pocket.
http://www.moneymattersnj.com/story.cfm?sid=15336
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5. Tax Deductions from Planet Weird
From January to April each year, CPAs are inundated with attempts to deduct all sorts of
things — some legitimate, some not.
http://www.moneymattersnj.com/story.cfm?sid=15335
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6. The Latest on the AMT
Do you consider yourself “wealthy?” Most people do not. But just because you don’t feel
like a high earner doesn’t mean you are immune to something that was originally created to
ensure that the rich and powerful paid their fair share of
taxes: the alternative minimum tax (AMT).
http://www.moneymattersnj.com/story.cfm?SID=15334
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7. Tax Tips for Lowering Your Education Costs
The tax laws offer a number of opportunities to minimize your out-of-pocket education
costs, if you know how to make the most of them. Here are some tips.
http://www.moneymattersnj.com/story.cfm?SID=15333
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E-CPA is a monthly email publication provided by
WARHAFTIG & ASSOCIATES, CPA
64 Hickory Court
Jamesburg, NJ 08831
(732) 521-3694
If you would prefer not to receive this newsletter, send an
email message to ira@warhaftigassociates.com with the words
“Unsubscribe E-CPA” in the subject line. E-CPA – December 2010
BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA
